Azerbaijan's oil prices growing
The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, increased by $3.96 on May 12 compared to the previous price, settling at $112.73 per barrel, Trend reports referring to the source from the country's oil and gas market.
The price of Azeri LT FOB Ceyhan on May 12 amounted to $111.52 per barrel, up by $3.97 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 $71.19 per barrel on May 12, which grew by $3.59 as compared to the previous price.
Meanwhile, the cost of a barrel of Brent Dated oil, produced in the North Sea increased by $3.61 compared to the previous price and made up $107.48 per barrel.
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