Azerbaijan's oil prices up
The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, increased by $3.52 on July 18 compared to the previous price, settling at $121.74 per barrel, News.az reports.
The price of Azeri LT FOB Ceyhan on July 18 amounted to $119.94 per barrel, up by $3.19 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 $72.49 per barrel on July 18, rising by $3.51 as compared to the previous price.