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Azerbaijani Oil Fetches Higher Price
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, February 27. The price of
Azerbaijan's Azeri Light crude at Italy's Augusta port, on a CIF
basis, moved up by $1.32, or 1.8%, on February 26 from the previous
level, coming in at $72.78 per barrel, a source in the oil market
told Trend.
At Türkiye's Ceyhan port, the FOB price of Azeri Light crude grew by $01.2, or 1.7%, to $70.13 per barrel.
The price of URALS crude went up by $0.33, or 0.9%, to $38.31 per barrel, while Brent Dated crude from the North Sea rose by $1.25, or 1.8%, to $72.04 per barrel.
Azerbaijan's 2026 state budget is based on an average oil price of $65 per barrel.
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