Price for Azeri Light falls
The price of oil changed in different directions in the world markets. On the New York Stock Exchange NYMEX cost of the US Light crude oil increased $0.06 to stand at $30.54. Price of the Brent crude oil at the London ICE raised $0.18 to trade at $30.49.
The prices for AZERI LT oil produced at Azeri-Chirag-Guneshli block of oil and gas fields on the basis of CIF in the Italian port of Augusta was $31.54 per barrel on January 14, or $0.01 less compared to January 13.
AZERI Light FOB Ceyhan oil price was $30.58 per barrel or $0.03 per barrel more than the previous price.
Azerbaijan produces Azeri Light since 1997 and exports it via Baku-Tbilisi-Ceyhan and Baku-Supsa pipelines, as well as by rail to the Georgian port of Batumi.
Azerbaijan also exports URALS oil from Russia’s Black Sea port of Novorossiysk. The oil is delivered there via the Baku-Novorossiysk pipeline.
The price for URALS-NOVO was $26.16 per barrel, or $0.19 more than the previous price.
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