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Azerbaijani oil shoots up in price

Oil&Gas Materials 16 August 2024 09:59 (UTC +04:00)
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, August 16. The price of Azerbaijani Azeri Light crude oil increased by $1.43 to $85.54 per barrel based on CIF in the Italian port of Augusta on August 15, compared to the previous reading, Trend reports, referring to the source from the country's oil and gas market.

The price of Azeri LT FOB Ceyhan also grew by $1.43 (to $84.46 per barrel).

The price of URALS equaled $69.99 per barrel, which is $1.03 more than the previous price.

Overall, the price of a barrel of Dated Brent oil produced in the North Sea went up by $1.27 on August 15, compared to the previous indication, to $84.17.

The official exchange rate for August 16 stands at 1.7 AZN/1 USD.

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