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Despite some headwinds in Asian markets, Middle East producers continue to hike OSPs as Europe considers a full oil embargo on Russian crude

Middle East oil producers continue to hike their prices despite the fact that heavily-discounted Russian crude is making its way to the same, heavily contested Asian market

Middle Eastern producers hiked oil prices for March as global inventories tighten and the disparity between OPEC’s self-reported production and third-party assessments widens

The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, increased by $2.68 on Jan. 26 compared to the previous price, settling at $93.84 per barrel, Trend reports referring to the source from the country’s oil and gas market. The price of Azeri LT FOB Ceyhan on Jan. 26 amounted to ...

Azerbaijani oil prices on rise The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, increased by 24 cents on Apr.16 compared to the previous price, making up $66.28 per barrel, Trend reports referring to the source from the country’s oil and gas market. The price of Azeri LT FOB Ceyhan amounted to $65.64 per barrel on Apr.16, which is 24 cents more than the previous price. Azerbaijan has been producing Azeri LT since 1997 and exporting it via the Baku-Tbilisi-Ceyhan (BTC) and Baku-Supsa Western Export Pipeline, as well as by rail to the Georgian po...