Weekly review of Azerbaijani oil market
By Trend
The average price for Azeri Light CIF oil, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, amounted to $66.75 per barrel last week (from Mar.15 through Mar.19), having dropped by $2.17 (3.1 percent) compared to the previous price, Trend reports.
Last week, the maximum price for Azeri Light CIF oil amounted to $66.82 per barrel, while the minimum - $64.
The average price of Azeri LT FOB Ceyhan amounted to $65.83 per barrel last week, decreasing by $2.28 (3.3 percent) compared to the previous indicator.
The maximum price for Azeri LT FOB Ceyhan amounted to $67.96 per barrel, while the minimum - $63.07.
Last week, the average price of URALS oil sold by Azerbaijan in the Russian Port of Novorossiysk amounted to $63.49 per barrel, showing a decrease of $2.13 (3.2 percent) compared to the previous week.
The maximum price for URALS oil amounted to $65.42 per barrel, while the minimum - $60.91.
Azerbaijan sells its URALS oil from the Russian Black Sea port of Novorossiysk, delivering it through the Baku-Novorossiysk oil pipeline.
Last week, the average price of Brent Dated amounted to $66.51 per barrel, which is $1.73 (2.5 percent) less compared to the previous price.
The maximum price for Brent Dated amounted to $68.51 per barrel, while the minimum - $63.72.
Oil grade/date |
Mar.15, 2021 |
Mar.16, 2021 |
Mar.17, 2021 |
Mar.18, 2021 |
Mar.19, 2021 |
Average price |
Azeri LT CIF |
$68.82 |
$68.18 |
$67.59 |
$65.17 |
$64 |
$66.75 |
Azeri Light FOB Ceyhan |
$67.96 |
$67.23 |
$66.66 |
$64.23 |
$63.07 |
$65.83 |
Urals (EX NOVO) |
$65.42 |
$64.73 |
$64.45 |
$61.95 |
$60.91 |
$63.49 |
Brent Dated |
$68.51 |
$67.97 |
$67.45 |
$64.92 |
$63.72 |
$66.51 |
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