The price of Azerbaijan’s Azeri Light crude oil at Italy’s Augusta port fell by $1.82, or 2.71 percent, compared to the previous level, settling at $65.21 per barrel on a CIF basis, Azernews reports.
Ukraine’s military has significantly disrupted Russia’s economy by targeting oil refineries deep inside Russian territory, President Volodymyr Zelensky said, resulting in the loss of more than 20% of the country’s refining capacity and up to 27% of fuel production, Azernews reports.