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Azerbaijani oil prices increase

Oil&Gas Materials 6 July 2023 09:51 (UTC +04:00)
Azerbaijani oil prices increase
Sadraddin Aghjayev
Sadraddin Aghjayev
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BAKU, Azerbaijan, July 6. The price of Azeri LT CIF Augusta totaled $80.44 per barrel on July 5, increasing by $0.85 compared to the previous price, Trend reports referring to the source from the country's oil and gas market.

The price of Azeri LT FOB Ceyhan amounted to $79.11 per barrel, up by $0.83 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 $56.87 per barrel, growing by $0.75 compared to the previous price.

Meanwhile, the cost of a barrel of Brent Dated oil, produced in the North Sea, rose by $0.86 compared to the previous price and made up $76.86 per barrel on July 5.

(1 USD = 1.7 AZN on July 6, 2023)

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