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Azeri Light CIF oil

Azerbaijani oil prices tumble

BAKU, Azerbaijan, May 25. The price of Azerbaijani Azeri Light crude oil based on CIF in the Italian port of Augusta on May 24 decreased by $0.18, standing at $82.46 per barrel, compared to the previous indicator, TurkicWorld reports, referring to the source from the country's oil and gas market.

Concurrently, Azeri LT FOB Ceyhan saw a $0.16 decline in price (to $80.43 per barrel).

The price of URALS equaled $64.95 per barrel, which is $0.18 more than the previous price.

On May 24, the price of a barrel of Dated Brent oil produced in the North Sea increased by $0,29 from the previous indication, reaching $80.01.

The official rate is 1.7 AZN/1 USD on May 25.

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