Oil & Gas

Oil falls to $53

Oil fell towards $53 a barrel on Wednesday, under pressure from rising output in major OPEC and non-OPEC producers and due to concerns about an economic slowdown that could weaken demand, Trend reports referring to Reuters.
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Azerbaijani oil prices down

The price of the AZERI LT CIF oil, produced at the Azeri-Chirag-Gunashli block of oil and gas fields, amounted to $53.56 per barrel at the Italian port of Augusta on Dec. 28, or $1.48 less than on Dec. 27, a source in Azerbaijan's oil and gas market told Trend Dec. 29.
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Azerbaijani oil prices up

The price of the AZERI LT CIF oil, produced at the Azeri-Chirag-Gunashli block of oil and gas fields, amounted to $55.04 per barrel at the Italian port of Augusta on Dec. 27, or $0.38 more than on Dec. 21, a source in Azerbaijan's oil and gas market told Trend Dec. 28.
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