Weekly review of Azerbaijan's oil market
By Trend
Azerbaijani oil prices have fluctuated this week, Trend reports.
The average price for Azeri Light CIF oil, produced at the Azeri-Chirag-Gunashli (ACG) field, equaled $96.1 per barrel, having risen by 87 cents (0.92 percent) compared to the previous price.
The maximum price for Azeri Light CIF oil amounted to $97.6 per barrel, while the minimum price was $93.89.
The average price of Azeri LT FOB Ceyhan has totaled $94.68 per barrel this week, up by 92 cents (0.98 percent) compared to the previous indicator.
The maximum price for Azeri LT FOB Ceyhan amounted to $96.21 per barrel, while the minimum price was $92.47.
The average price of URALS oil sold by Azerbaijan in the Russian Port of Novorossiysk reached $67.36 per barrel this week, which was 24 cents (0.35 percent) less than in the previous week.
The maximum price for URALS oil amounted to $69.48 per barrel, while the minimum price - $64.8.
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 $91.61 per barrel this week, thus increasing by 99 cents (0.89 percent).
The maximum price for Brent Dated amounted to $93.21 per barrel, while the minimum price –$89.23.
|
Oil grade/date |
September 12, 2022 |
September 13, 2022 |
September 14, 2022 |
September 15, 2022 |
September 16, 2022 |
Average price |
|
Azeri LT CIF |
$97.6 |
$95.86 |
$97.49 |
$93.89 |
$95.64 |
$96.1 |
|
Azeri Light FOB Ceyhan |
$96.21 |
$94.52 |
$96.08 |
$92.47 |
$94.11 |
$94.68 |
|
Urals (EX NOVO) |
$69.48 |
$67.38 |
$68.66 |
$64.8 |
$66.5 |
$67.36 |
|
Brent Dated |
$93.21 |
$91.45 |
$93.13 |
$89.23 |
$91.02 |
$91.61 |
( 1 USD = 1.7 AZN on September 17)
---
Follow us on Twitter @AzerNewsAz