BAKU, Azerbaijan, October 25. The price for Azerbaijani Azeri Light oil on a CIF basis in the Italian port of Augusta on October 24 decreased by $3.83 and amounted to $91.71 per barrel, TurkicWorld 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 $3.87 (to $89.74 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 $76.23 per barrel, down by $3.92 as compared to the previous price.
The cost of a barrel of Dated Brent oil, produced in the North Sea, fell by $4.63 on October 24 compared to the previous indicator – to $88.46 per barrel.
The official rate is 1.7 AZN/1 USD on October 25.