Azerbaijani oil price exceeds $89
The price for Azerbaijani Azeri Light oil on CIF basis in the Italian port of Augusta on August 29 increased by $0.65 and amounted to $89.21 per barrel, News.Az reports.
The price of Azerbaijani Light on FOB base in the Turkish port of Ceyhan increased by $0.65 and amounted $88.2 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 $71.28 per barrel, up by $0.73 as compared to the previous price.
Meanwhile, the cost of a barrel of Dated Brent oil, produced in the North Sea, increased by $0.63 compared to the previous price and made up $85.87 per barrel on August 29.
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