Azerbaijani oil price decreases 

The price for Azerbaijani Azeri Light oil on a CIF basis in the Italian port of Augusta on November 7 decreased by four cents and amounted to $87.42 per barrel.

The price of Azeri Light on a FOB basis in the Turkish port of Ceyhan also decreased by $3.17 to $85.07 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 $71.33 per barrel, down by $3.39 as compared to the previous price.

The cost of a barrel of Dated Brent oil, produced in the North Sea, declined by $3.39 compared to the previous price and reached $84.71 per barrel on November 7.

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