The price of Azerbaijan’s Azeri Light crude oil on a CIF basis in the Italian port of Augusta increased on February 17 by 0.25 percent compared to the previous rate, now sitting at $76.8 per barrel, AzVision.az reports, citing a source in the country's oil and gas market.
On a FOB basis in the Turkish port of Ceyhan, the price of Azeri Light went up by 0.33 percent to $75.38 per barrel.
The price of URALS crude rose by 0.37 percent from the previous rate, amounting to $60.09 per barrel.
North Sea benchmark crude, Dated Brent, was 0.51 percent more than the previous rate, standing at $75.25 per barrel.
The official exchange rate for February 18 is 1.7 AZN/USD.
In the state budget of Azerbaijan for 2025, the average price of one barrel of oil was calculated at $70.
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