Azerbaijani oil prices drop

The price of Azerbaijani Azeri Light oil on a CIF basis in the Italian port of Augusta decreased by $2.4 on November 8 compared to the previous figure and amounted to $85.02 per barrel.

At the FOB base in the Turkish port of Ceyhan, the price of Azeri Light also decreased by $2.34 (to $82.73 per barrel), Trend reports, citing a source in the country’s oil and gas market.

The cost of URALS oil sold by Azerbaijan from the Russian Black Sea port of Novorossiysk via the Baku-Novorossiysk pipeline decreased by $2.47 compared to the previous figure, amounting to $68.86 per barrel.

The price of a barrel of Dated Brent oil, produced in the North Sea, on November 8th fell by $2.4 compared to the previous figure - to $82.31 per barrel.