Azerbaijani Oil Elevates In Price

RunWithRugs · 2026-02-24T23:24:43+00:00

Azerbaijan's Azeri Light crude prices at Augusta port rose by 1.5% to $73.31 per barrel on February 23. In Ceyhan, the price increased by 1.6% to $70.67. Other crude prices also saw slight increases, as Azerbaijan's budget expects an average oil price of $65 per barrel by 2026.

RunWithRugs

2026-02-24 23:24:43

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(MENAFN- Trend News Agency) ** BAKU, Azerbaijan, February 24.** The price of Azerbaijan’s Azeri Light crude at Italy’s Augusta port, on a CIF basis, moved up by $1.11, or 1.5%, on February 23 from the previous level, coming in at $73.31 per barrel, a source in the oil market told Trend.

At Türkiye’s Ceyhan port, the FOB price of Azeri Light crude increased by $1.12, or 1.6%, to $70.67 per barrel.

The price of URALS crude went up by $0.1, or 0.2%, to $41.87 per barrel, while Brent Dated crude from the North Sea grew by $0.61, or 0.8%, to $72.77 per barrel.

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

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