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oil prices Azeri Light CIF oil URALS Azeri LT FOB Ceyhan Brent Dated

Price of Azerbaijani oil takes nosedive

BAKU, Azerbaijan, September 12. The cost of Azerbaijani Azeri Light crude oil took a slight dip of $0.1, settling at $73.53 per barrel based on CIF in the Italian port of Augusta on September 11, when stacked against the last figure, TurkicWorld reports, referring to the source from the country's oil and gas market.

The price of Azeri LT FOB Ceyhan went down by $0.16 (to $72.44 per barrel).

The price of URALS equaled $57.68 per barrel, which is $0.51 more than the previous price.

Overall, the price of a barrel of Dated Brent oil produced in the North Sea went up by $0.52 on September 11, compared to the previous indication, to $71.08.

The official exchange rate on September 12 is 1.7 AZN/1 USD.

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