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Azerbaijani oil prices surge

Oil Materials 14 January 2023 09:40
Baku, Azerbaijan Trend News Agency
Azerbaijani oil prices surge

The price of Azeri LT CIF Augusta totaled $91.62 per barrel on January 13, increasing by 63 cents 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 $89 per barrel, up by 50 cents 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 on January 13 equaled $45.15 per barrel, growing by 45 cents as compared to the previous price.

Meanwhile, the cost of a barrel of Brent Dated oil, produced in the North Sea, rose by 50 cents compared to the previous price and made up $83.33 per barrel.

(1 USD = 1.7 AZN on January 14)

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