Baku, Azerbaijan, Sept. 18
By Fatih Karimov – Trend:
Iran’s crude oil price remained almost unchanged during the week that ended Sept. 9, Mehr news agency reported Sept. 18.
Each barrel of Iran’s Light oil was sold at $43.65 during the week to Sept. 9, or $0.05 more compared to the previous week.
Meanwhile the price of Iranian Heavy oil stood at $41.86 indicating a slight decrease by $0.07 in comparison with the preceding week.
The average price of Iran’s Light oil this year was $38.5, while the average price of Heavy oil was $36.32, which is over $13 less compared to 2015.
Iran last saw record low oil prices in 1998 when its oil was traded in the markets below $10 per barrel.