The price of Azerbaijan’s Azeri Light crude oil on a CIF basis in the Italian port of Augusta increased on February 20 by $0.49 (0.62 percent) compared to the previous rate, now sitting at $78.89 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 also went up by $0.49 (0.63 percent) to $77.51 per barrel.
The price of URALS crude rose by $0.39 (0.63 percent) from the previous rate, amounting to $61.74 per barrel.
North Sea benchmark crude, Dated Brent, was $0.44 (0.57 percent) more than the previous rate, standing at $76.98 per barrel.
The official exchange rate for February 21 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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