Oil prices decrease in Azerbaijan

The price for Azerbaijani Azeri Light oil on a CIF basis in the Italian port of Augusta on September 29 decreased by $1.6 and amounted to $100.11 per barrel, Azernews reports with reference to the source from the country's oil and gas market.

The price of Azeri Light on FOB basis in the Turkish port of Ceyhan decreased by $1.59 to $99.11 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 $82.27 per barrel, down by $1.5 as compared to the previous price.

The cost of a barrel of Dated Brent oil, produced in the North Sea, fell by $1.44 compared to the previous price and made up $96.33 per barrel on September 29.