The AZERI Light FOB Ceyhan oil price was $76.54 per barrel on May 25, or $2.57 less than the previous price.
Azerbaijan has been producing AZERI LT since 1997 and exports it via the Baku-Tbilisi-Ceyhan and Baku-Supsa pipelines, as well as by rail to the Georgian port of Batumi.
Azerbaijan also exports URALS oil from Russia’s Black Sea port of Novorossiysk. The oil is delivered there via the Baku-Novorossiysk pipeline.
The price for URALS-NOVO was $74 per barrel on May 25, or $2.42 less than the previous price.
The price for a barrel of Brent Dated, produced from the North Sea, stood at $76.43 on May 25 or $2.61 less than the previous price.
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