Weekly review of Azerbaijan's oil market
12 July 2022
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.
(1 USD = 1.7 AZN on July 12)
https://en.trend.az/business/energy/3619988.html
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/date | July 4, 2022 | July 5, 2022 | July 6, 2022 | July 7, 2022 | July 8, 2022 | Average 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
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