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Azerbaijani oil pricing experiences downward trajectory

Oil&Gas Materials 7 November 2024 10:59 (UTC +04:00)
Azerbaijani oil pricing experiences downward trajectory
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, November 7. The price point for Azerbaijani Azeri Light crude oil experienced a downward adjustment of $0.53, concluding at $77 per barrel on a CIF basis in the Italian port of Augusta as of November 6, when compared to the previous metric, Trend reports, referring to the source from the country's oil and gas market.

The price of Azeri LT FOB Ceyhan went down by $0.53 (to $75.87 per barrel).

The price of URALS was $63.35 per barrel, $0.74 less than the previous price.

Overall, the price of a barrel of Dated Brent oil produced in the North Sea declined by $0.82 on November 6, compared to the previous indication, to $76.12.

The official exchange rate on November 7 is 1.7 AZN/1 USD.

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