TODAY.AZ / Business

Azerbaijani oil prices decline

19 November 2022 [15:37] - TODAY.AZ

By Trend

The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, decreased by $3.25 on November 18 compared to the previous price, amounting to $89.85 per barrel, Trend reports referring to the source from the country's oil and gas market.

The price of Azeri LT FOB Ceyhan on November 18 amounted to $86.9 per barrel, down by $3.4 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 $56.73 per barrel on November 18, lowering by $3.67 as compared to the previous price.

Meanwhile, the cost of a barrel of Brent Dated oil, produced in the North Sea declined by $2.96 compared to the previous price and made up $88.41 per barrel.

(1 USD = 1.7 AZN on November 19)


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