Azerbaijani oil prices recede

Oil&Gas Materials 3 August 2023 09:37 (UTC +04:00)
Sadraddin Aghjayev
Sadraddin Aghjayev
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BAKU, Azerbaijan, August 3. The price of Azeri LT CIF Augusta brand totaled $87.33 per barrel on August 2, decreasing by $1.43 compared to the previous price, Trend reports, referring to the source from the country's oil and gas market.

Azeri LT FOB Ceyhan brand currently costs $86.36 per barrel, which is $1.42 less than the previous price.

Additionally, Azerbaijan sells its URALS oil through the Baku-Novorossiysk pipeline from the Russian Black Sea port of Novorossiysk. URALS cost $68.17 a barrel when shipped from the port, a decrease of $1.42 from the previous price.

Meanwhile, the price of a barrel of Brent Dated oil produced in the North Sea lowered by $1.1 from the previous day on August 2 to $84.18 per barrel.

(1 USD = 1.7 AZN on August 3, 2023)