Azeri Light oil price exceeds $50 on world markets
The price of a barrel of Azeri Light crude oil increased by $2.46 to stand at $50.51 on the world markets.
On NYMEX (New York Mercantile Exchange) cost of the US Light crude oil fell $0.38 to stand at $46.06. Price of the Brent crude oil at the London ICE (InterContinental Exchange Futures) decreased $0.45 to trade at $48.38.
SOCAR produced 4 420,700 tons of oil during January-July 2016. The figure is 8.7% less than in the same period last year.
Roughly 639,000 tons of volume produced in January-July accounted for July. This is 9% less than in July last year.
Notably, during January-July 2016, a total of 24, 7 million tons of oil produced in Azerbaijan, and 3, 64 million tons of this volume accounted for July.
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