BAKU, Azerbaijan, February 2. The price of Azeri LT CIF Augusta totaled $86.41 per barrel on February 1, 2023, decreasing by $1.12 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 $84.52 per barrel, down by $1.03 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 on February 1 equaled $46.21 per barrel, lower by $1.12 as compared to the previous price.

Meanwhile, the cost of a barrel of Brent Dated oil, produced in the North Sea, dropped by $1.24 compared to the previous price and made up $82.98 per barrel.

(1 USD = 1.7 AZN on February 2, 2023)