The price of Azeri LT CIF Augusta totaled $78.98 per barrel on May 26, increasing by $0.51 compared to the previous price, referring to the source from the country's oil and gas market.
The price of Azeri LT FOB Ceyhan amounted to $76.53 per barrel, up by $0.58 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 $52.18 per barrel, growing by $0.81 as compared to the previous price.
Meanwhile, the cost of a barrel of Brent Dated oil, produced in the North Sea, lowered by $0.87 compared to the previous price and made up $76.44 per barrel.