The price of Azerbaijani Azeri Light crude oil based on CIF in the Italian port of Augusta on November 14 increased by $0.96 and amounted to $88.11 per barrel compared to the previous indicator, Trend reports, referring to the source from the country’s oil and gas market. The price of Azeri LT FOB Ceyhan grew by $1.08 and amounted to $86.12 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 $71.01 per barrel, which is $0.64 more than the previous price. In general, the cost of a barrel of Dated Brent oil produced in the North Sea increased by $0.72 on November 14 compared to the previous indicator, to $85.19 per barrel. The official rate is 1.7 AZN/1 USD on November 15.
Source: TREND News Agency