Azerbaijani oil prices decrease

Oil Materials 17 January 2023 09:45
Baku, Azerbaijan Trend News Agency Sadraddin Aghjayev
Azerbaijani oil prices decrease

The price of Azeri LT CIF Augusta totaled $90.35 per barrel on January 16, decreasing by $1.27 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 $88.09 per barrel, down by 90 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 16 equaled $45 per barrel, lowering by 15 cents as compared to the previous price.

Meanwhile, the cost of a barrel of Brent Dated oil, produced in the North Sea, decreased by 49 cents compared to the previous price and made up $82.84 per barrel.