Industry

Azerbaijani oil prices decrease

BAKU, Azerbaijan, The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, decreased by $1.11 on October 31 compared to the previous price, amounting to $95.5 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 31 amounted to $93.34 per barrel, also down by $1.11 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 $67.35 per barrel on October 31, lowering by $1.1 as compared to the previous price.

 

Meanwhile, the cost of a barrel of Brent Dated oil, produced in the North Sea declined by $1.18 compared to the previous price and made up $92.85 per barrel.

 

Source: TREND News Agency