Crude price 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 $1.91 to stand at $30.59. Price of the Brent crude oil at the London ICE (InterContinental Exchange Futures) fell $2.14 to trade at $30.67.
SOCAR Marketing and Economic Operations Department said the price of a barrel of Azeri Light crude oil decreased $1.19 to stand at $32.81 on the world markets.
The country produces three grades of crude oil—Azeri BTC, Azeri Light, mainly sold to European and Asian markets, and Urals, Azerbaijani light crude sold at a discount as it blended in Russia. Bulk of the country’s oil is marketed by Socar Trading, which has been operating since 2008.
Azerbaijan has produced 38.32 million tons of oil and gas condensate in January-November 2015, or 0.5 percent less than in the same period in 2014, the State Statistics Committee reported.
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