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Price Of Azerbaijani Oil Takes Nosedive
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, January 9. The price of
Azerbaijan's Azeri Light crude oil on a CIF basis in the Italian
port of Augusta decreased by 91 cents on January 8 compared to the
previous rate, landing on $78.72 per barrel, Trend reports, citing a
source in the country's oil and gas market.
On a FOB basis in the Turkish port of Ceyhan, the price of Azeri Light lowered by 83 cents to $77.63 per barrel.
The price of URALS crude went down by 85 cents compared to the previous price and amounted to $64.66 per barrel.
Simultaneously, the valuation of the North Sea benchmark crude, specifically Dated Brent, experienced a decrement of 65 cents relative to the preceding rate, now positioned at $77.24 per barrel.
The official exchange rate for January 9 is 1.7 AZN/USD.
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