Crude prices decrease on world markets

The price of oil fell in the world markets.

On the New York Stock Exchange NYMEX cost of the US Light crude oil decreased $0.40 to stand at $41.59. Price of British Brent crude oil at the London ICE (InterContinental Exchange Futures) fell $0.68 to trade at $44.25.

SOCAR Marketing and Economic Operations Department said the price of a barrel of Azeri Light crude oil decreased $0.81 to stand at $45.21 on the world markets.

AZERI Light FOB Ceyhan oil price was $44.05 per barrel or $0.8 per barrel less than the previous price.

Azerbaijan produces Azeri Light since 1997 and exports it via Baku-Tbilisi-Ceyhan and Baku-Supsa pipelines, as well as by rail to the Georgian port of Batumi.

Azerbaijan also exports URALS oil from Russia’s Black Sea port of Novorossiysk. The oil is delivered there via the Baku-Novorossiysk pipeline

The price for URALS-NOVO was $40.94 per barrel, or $0.79 less than the previous price.

SOURCE: AZER NEWS