BAKU, Azerbaijan, May 20. The price of Azeri LT CIF Augusta totaled $78.96 per barrel on May 18, decreasing by 26 cents compared to the previous price, TurkicWorld reports referring to the source from the country's oil and gas market.

The price of Azeri LT FOB Ceyhan amounted to $77.03 per barrel, also down by 26 cents 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 $50.81 per barrel, decreasing by 27 cents as compared to the previous price.

Meanwhile, the cost of a barrel of Brent Dated oil, produced in the North Sea, lowered by 38 cents compared to the previous price and made up $75.95 per barrel.

(1 USD = 1.7 AZN on May 19, 2023)