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Azerbaijani oil lowers down in price

Oil&Gas Materials 18 July 2023 09:40 (UTC +04:00)
Azerbaijani oil lowers down in price
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, July 18. The price of Azeri LT CIF Augusta totaled $82.96 per barrel on July 17, decreasing $1.14 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 $81.69 per barrel, down by $1.23 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 $60.06 per barrel, down by $1.15 as compared to the previous price.

Meanwhile, the cost of a barrel of Brent Dated oil, produced in the North Sea, declined by $1.16 compared to the previous price and made up $78.64 per barrel on July 17.

(1 USD = 1.7 AZN on July 18, 2023)

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