The price of Azerbaijani Azeri Light crude oil based on CIF in the Italian port of Augusta on December 7 decreased by $0.39 and amounted to $78.72 per barrel compared to the previous indicator, AzVision.az reports, referring to the source from the country's oil and gas market.
The price of Azeri LT FOB Ceyhan lowered by $0.41 (to $77.19 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 $58.26 per barrel, which is $0.78 less than the previous price.
In general, the cost of a barrel of Dated Brent oil produced in the North Sea decreased by $0.36 on December 7 compared to the previous indicator, to $74.30 per barrel.
The official rate is 1.7 AZN/1 USD on December 7.
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