Logo
news content
User
Categories

News

Weekly review of Azerbaijan's oil market

Azerbaijani oil prices fluctuated last week, Trend reports.

The average price for Azeri Light CIF oil, produced at the Azeri-Chirag-Gunashli (ACG) field, equaled $120.42 per barrel, having decreased by $4.05 (3.25 percent) compared to the previous price.

The maximum price for Azeri Light CIF oil amounted to $128.8 per barrel, while the minimum price – was $114.61.

The average price of Azeri LT FOB Ceyhan totaled $118.55 per barrel last week, up by 50 cents (0.42 percent) compared to the previous indicator.

The maximum price for Azeri LT FOB Ceyhan amounted to $127.46 per barrel, while the minimum price was $113.24.

The average price of URALS oil sold by Azerbaijan in the Russian Port of Novorossiysk reached $74.22 per barrel last week, which was $6.34 (7.87 percent) less than in the previous week.

The maximum price for URALS oil amounted to $83.3 per barrel, while the minimum price – was $68.52.

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 $115.63 per barrel last week, thus reducing by $6.41 (5.25 percent).

The maximum price for Brent Dated amounted to $124.79 per barrel, while the minimum price – was $109.95.
















































Oil grade/dateJuly 4, 2022July 5, 2022July 6, 2022July 7, 2022July 8, 2022Average price
Azeri LT CIF$128.80$117.72$114.61$119.72$121.25$120.42
Azeri Light FOB Ceyhan$127.46$116.35$113.24$118.34$119.86$119.05
Urals (EX NOVO)$83.30$71.70$68.52$73.19$74.39$74.22
Brent Dated$124.79$113.15$109.95$114.63$115.62$115.63

(1 USD = 1.7 AZN on July 12)

https://en.trend.az/business/energy/3619988.html