Azerbaijani oil prices increase

Oil Materials 25 October 2022 12:00
Baku, Azerbaijan Trend News Agency
Azerbaijani oil prices increase

The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, increased by $0.06 on October 24 compared to the previous price, amounting to $94.80 per barrel, Trend reports referring to the source from the country's oil and gas market.

The price of Azeri LT FOB Ceyhan on October 24 amounted to $92.66 per barrel, up by $1.06 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 $65.33 per barrel on October 24, higher by $0.49 as compared to the previous price.

Meanwhile, the cost of a barrel of Brent Dated oil, produced in the North Sea decreased by $0.04 compared to the previous price and made up $91.41 per barrel.