The price of Azeri Light on FOB basis in the Turkish port of Ceyhan decreased also by $2.39 to $90.06 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 $74.51 per barrel, down by $2.39 as compared to the previous price.
The cost of a barrel of Dated Brent oil, produced in the North Sea, fell by $2.67 compared to the previous price and made up $88.04 per barrel on October 11.
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