Crude prices on world markets
The price of continue falling in the world markets.
On the New York Stock Exchange NYMEX (New York Mercantile Exchange) cost of the US Light crude oil decreased $0.38 to stand at $32.50. Price of the Brent crude oil at the London ICE (InterContinental Exchange Futures) fell $0.49 to trade at $32.81.
SOCAR Marketing and Economic Operations Department of the State Oil Company of Azerbaijan said the price of a barrel of Azeri Light crude oil decreased $1.79 to stand at $34 on the world markets.
The average price for AZERI LT (CIF based), extracted on the block of Azerbaijani fields Azeri-Chirag-Guneshli, was $36.11 per barrel on Jan. 4-8 or $1.46 per barrel less than the previous week.
The maximum price for AZERI LT was $37.64 per barrel and the minimum price was $34 per barrel during the reporting period.
Azerbaijan plans to extract an average of 0.87 million barrels of Azeri Light per day in 2016. The average price for Urals (Ex-Novo) exported from Azerbaijan via the Novorossiysk port reached $30.58 per barrel or $2.02 per barrel less than the previous week.
The maximum price for Urals totaled $32.31 per barrel and the minimum - $28.44 per barrel.
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