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Weekly review of Azerbaijan's oil market

Azerbaijani oil prices have dropped this week, Trend reports.

The average price for Azeri Light CIF oil, produced at the Azeri-Chirag-Gunashli (ACG) field, equaled $114.04 per barrel, having declined by $8.28 (6.76 percent) compared to the previous price.

The maximum price for Azeri Light CIF oil amounted to $117.28 per barrel, while the minimum price - was $110.58.

The average price of Azeri LT FOB Ceyhan amounted to $112.88 per barrel last week, down by $8.32 (6.86 percent) compared to the previous indicator.

The maximum price for Azeri LT FOB Ceyhan amounted to $124.5 per barrel, while the minimum price - was $118.09.

The average price of URALS oil sold by Azerbaijan in the Russian Port of Novorossiysk totaled $76.9 per barrel this week, which was $8.56 (10 percent) less than in the previous week.

The maximum price for URALS oil amounted to $80.34 per barrel, while the minimum price - was $73.17.

Azerbaijan sells its URALS oil from the Russian Black Sea port of Novorossiysk, delivering it through the Baku-Novorossiysk oil pipeline.

The average price of Brent Dated made up $112.68 per barrel this week, thus decreasing by $10.54 (8.55 percent).

The maximum price for Brent Dated amounted to $117.56 per barrel, while the minimum price - $107.43.
















































Oil grade/dateMar. 28, 2022Mar. 29, 2022Mar. 30, 2022Mar. 31, 2022Apr. 1, 2022Average price
Azeri LT CIF$117.28$112.88$117.15$112.33$110.58$114.04
Azeri Light FOB Ceyhan$116.22$111.76$116.01$111.11$109.29$112.88
Urals (EX NOVO)$80.34$75.95$79.99$75.02$73.17$76.90
Brent Dated$117.56$112.37$115.94$110.09$107.43$112.68

https://en.trend.az/business/energy/3576570.html