The price of Azeri LT CIF Augusta totalled $78.83 per barrel on May 11, decreasing by $1.14 compared to the previous price, AzVision.az reports referring to the source from the country's oil and gas market.
The price of Azeri LT FOB Ceyhan decreased by $1.24 and amounted to $77.15 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 equalled $50.64 per barrel, decreasing by $1.04 as compared to the previous price.
Meanwhile, the cost of a barrel of Brent Dated oil, produced in the North Sea, decreased by $1.14 on May 11 compared to the previous price and made up $76.19 per barrel.
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