Now price of a barrel of Azeri Light crude oil exceeds $70 - SOCAR


January 8, Fineko/abc.az. A barrel of oil Azeri Light in 2019 at the point of delivery (CIF) was sold for an average of $66.79.

ABC.AZ reports with reference to SOCAR that due to the fact that compared with the previous year, last year the average price of oil in the world was lower, Azeri Light oil was also purchased at price almost 9% lower than in 2018. Thus, the average selling price of Azeri Light in 2018 was $73.3 per barrel.

The maximum price of Azeri Light in 2019 was in April - $77.23 per barrel, and the lowest level was observed exactly a year ago, in January - $56.34 per barrel.

Currently, the price of a barrel of Azeri Light oil exceeds $70.

Azeri Light is a light and sulphurous type of oil, usually sold at a premium relative to oil Brent. The premium is currently around $2.25 per barrel.

By Elmir Murad