Azerbaijani Oil Moves Down In Price

RunWithRugs · 2026-03-02T03:04:51+00:00

On February 27, Azerbaijan's Azeri Light crude prices fell slightly at both Italy's Augusta port ($72.75) and Türkiye's Ceyhan port ($70.10). URALS crude decreased to $37.31, and Brent to $70.94. Azerbaijan's 2026 budget assumes an average oil price of $65.

RunWithRugs

2026-03-02 03:04:51

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(MENAFN- Trend News Agency) ** BAKU, Azerbaijan, February 28.** The price of Azerbaijan’s Azeri Light crude at Italy’s Augusta port, on a CIF basis, moved down by $0.03, or 0.04%, on February 27 from the previous level, coming in at $72.75 per barrel, a source in the oil market told Trend.

At Türkiye’s Ceyhan port, the FOB price of Azeri Light crude also decreased by $0.03, or 0.04%, to $70.10 per barrel.

The price of URALS crude went down by $1, or 2.61%, to $37.31 per barrel, while Brent Dated crude from the North Sea receded by $1.1, or 1.53%, to $70.94 per barrel.

Azerbaijan’s 2026 state budget is based on an average oil price of $65 per barrel.

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