Azerbaijani oil price drops on world markets 

  03 May 2023    Read: 1554
Azerbaijani oil price drops on world markets 

The price of Azeri LT CIF Augusta totaled $79.04 per barrel on May 2, decreasing by $4.76 compared to the previous price, AzVision.az reports. 

The price of Azeri LT FOB Ceyhan amounted to $77.58 per barrel, down by $4.76.

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 $50.57 per barrel, decreasing by $4.64 as compared to the previous price.

Meanwhile, the cost of a barrel of Brent Dated oil, produced in the North Sea, decreased by $4.83 compared to the previous price and made up $77.18 per barrel.


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