Crude price on world markets
The price of oil has changed in different directions in the world markets.
On the New York Stock Exchange NYMEX (New York Mercantile Exchange) cost of the US Light crude oil increased $0.47 to stand at $38.68.
The price for a barrel of Brent Dated, produced from the North Sea, stood at $38.59 per barrel March 10 or $1.32 less than the previous price.
The price of a barrel of Azeri Light crude oil,produced at the Azeri-Chirag-Guneshli block of oil and gas fields, was $40.24 per barrel at the Italian port of Augusta on March 10, or $1,21 less compared to the price on March 9, a source in Azerbaijan’s oil and gas market said on March 11.
AZERI Light FOB Ceyhan oil price was $39.40 per barrel on March 10, or $1.22 less than the previous price.
Azerbaijan has been producing AZERI LT 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 $36.08 per barrel on March 10, or $1.26 less than the previous price.
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