Oil price on world markets
The price of oil 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 $0.41 to stand at $38.03.
Price of the Brent crude oil at the London ICE (InterContinental Exchange Futures) rose $0.25 to trade at $40.03.
OPEC oil basket's price stood at $34.71 per barrel on April 7, or $0.78 more than on April 6.
The price of a barrel of Azeri Light crude oil decreased $0.50 to stand at $39.53 on the world markets.
The price for AZERI LT CIF oil, produced at the Azeri-Chirag-Guneshli block of oil and gas fields, was $39.53 per barrel at the Italian port of Augusta on Apr.7, or $0.5 less compared to the price on April 6.
AZERI Light FOB Ceyhan oil price was $38.83 per barrel on Apr.7, or $0.52 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 $35.21 per barrel on Apr.7, or $0.47 less than the previous price.
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