BAKU, Azerbaijan, May 11. The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, decreased by $2.78 on May 10 compared to the previous price, settling at $108.77 per barrel, Trend reports referring to the source from the country's oil and gas market.
The price of Azeri LT FOB Ceyhan on May 10 amounted to $107.55 per barrel, also down by $2.78 as compared to the previous price.
Azerbaijan also sells its URALS oil from the Russian Black Sea port of Novorossiysk, delivering it through the Baku-Novorossiysk pipeline.
The price of URALS with shipment from the port equaled $67.6 per barrel on May 10, reducing by $2.8 as compared to the previous price.
Meanwhile, the cost of a barrel of Brent Dated oil, produced in the North Sea lowered by $2.87 compared to the previous price and made up $103.87 per barrel.