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Azerbaijani oil prices decrease

Economy Materials 1 November 2023 11:40 (UTC +04:00)
Maryana Ahmadova
Maryana Ahmadova
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BAKU, Azerbaijan, November 1. The price for Azerbaijani Azeri Light oil on a CIF basis in the Italian port of Augusta on October 31 decreased by $0.26 and amounted to $91.39 per barrel, Trend reports, citing a source in the country's oil and gas market.

The price of Azeri Light on FOB base in the Turkish port of Ceyhan decreased by $0.35 (to $89.19 per barrel).

Azerbaijan also sells its URALS oil from the Russian Black Sea port of Novorossiysk, delivering it through the Baku-Novorossiysk pipeline. The price of URALS with shipment from the port equaled $75.56 per barrel, down by $0.38 as compared to the previous price.

The cost of a barrel of Dated Brent oil, produced in the North Sea, fell by $0.32 on October 31 compared to the previous indicator, to $88.68 per barrel.

The official rate is 1.7 AZN/1 USD on November 1.

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