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Azerbaijani Oil Prices Decline
(MENAFN- Trend News Agency) BAKU, Azerbaijan, November 17. The price of
Azerbaijani Azeri Light crude oil based on CIF in the Italian port
of Augusta on November 16 decreased by $3.81 and amounted to $82
per barrel compared to the previous indicator, Trend reports, referring to the source from the
country's oil and gas market.
The price of Azeri LT FOB Ceyhan fell by $3.75 and amounted to $80.12 per barrel.
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 $64.3 per barrel, which is $4.28 less than the previous price.
In general, the cost of a barrel of Dated Brent oil produced in the North Sea decreased by $4.46 on November 16 compared to the previous indicator, to $78.15 per barrel.
The official rate is 1.7 AZN/1 USD on November 17.
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