Azeri Light sells for $49.73
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Oil prices changed on the world markets.
On NYMEX (New York Mercantile Exchange) cost of the US light crude oil decreased $0.22 to stand at $47.97. Price of the Brent crude oil at the London ICE (Intercontinental Exchange Futures) fell $0.17 to trade at $49.95.
The price of a barrel of Azeri Light crude oil increased $0.10 to stand at $49.73 on the world markets.
The country`s daily oil production hit 785,300 barrels in May, of which 55,000 barrels fell on condensate. Every day 596,500 barrels of oil, 55,000 barrels of condensate and 12,200 barrels of oil products were exported.
Azerbaijan has completely fulfilled its commitment to cut daily oil output, according to the ministry.
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