Azerbaijani oil prices decrease

By Trend

The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, decreased by $2.48 on August 31 compared to the previous price, amounting to $99.67 per barrel, Trend reports referring to the source from the country's oil and gas market.

The price of Azeri LT FOB Ceyhan on August 31 amounted to $97.94 per barrel, down by $2.45 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 $74.44 per barrel on August 31, lowering by $3.28 as compared to the previous price.

Meanwhile, the cost of a barrel of Brent Dated oil, produced in the North Sea declined by $2.99 compared to the previous price and made up $96.68 per barrel.