Azerbaijani oil price increases
The price of Azeri LT CIF Augusta totaled $78.30 per barrel on May 9, increasing by $0.04 compared to the previous price, News.Az reports.
The price of Azeri LT FOB Ceyhan did not change and remained at the level of $76.76 per barrel.
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 per barrel, growing by $0.03 as compared to the previous price.
Meanwhile, the cost of a barrel of Brent Dated oil, produced in the North Sea, decreased by $0.11 compared to the previous price and made up $75.67 per barrel.