Azerbaijan oil prices falling
The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Gunashli (ACG) field, declined by 37 cents on September 10 compared to the previous price, amounting to $40.89 per barrel, Trend reports with reference to the source from the country's oil and gas market.
The price of Azeri LT FOB Ceyhan amounted to $40.36 per barrel on September 10, which is $0.37 less compared to the previous price.
Azerbaijan has been producing Azeri LT since 1997 and exporting it via the Baku-Tbilisi-Ceyhan (BTC) and Baku-Supsa Western Export Pipeline, as well as by rail to the Georgian port of Batumi.
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 made up $38.83 per barrel on September 10, having dropped by 56 cents.
The cost of a barrel of Brent Dated oil, produced in the North Sea, amounted to $39.44 per barrel, decreasing by 31 cents compared to the previous price.