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 $98.40 per barrel, up by 36 cents (0.37 percent) compared to the previous price.
The maximum price for Azeri Light CIF oil amounted to $102 per barrel, while the minimum price was $96.14.
The average price of Azeri LT FOB Ceyhan totaled $96.6 per barrel this week, which is a growth of 30 cents (0.31 percent) compared to the previous indicator.
The maximum price for Azeri LT FOB Ceyhan amounted to $100.29 per barrel, while the minimum price was $94.23.
The average price of URALS oil sold by Azerbaijan in the Russian Port of Novorossiysk reached $68.5 per barrel this week, which was 8 cents (0.12 percent) more than in the previous week.
The maximum price for URALS oil amounted to $72.34 per barrel, while the minimum price - $65.96.
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 $94.73 per barrel this week, thus reducing by 5 cents (0.05 percent).
The maximum price for Brent Dated amounted to $98.40 per barrel, while the minimum price –$92.88.
|
Oil grade/date |
October 10, 2022 |
October 11, 2022 |
October 12, 2022 |
October 13, 2022 |
October 14, 2022 |
Average price |
|
Azeri LT CIF |
$102 |
$98.83 |
$96.94 |
$97.98 |
$96.14 |
$98.40 |
|
Azeri Light FOB Ceyhan |
$100.29 |
$97.12 |
$95.23 |
$96.14 |
$94.23 |
$96.60 |
|
Urals (EX NOVO) |
$72.34 |
$69.18 |
$67.31 |
$67.70 |
$65.96 |
$68.50 |
|
Brent Dated |
$98.40 |
$95.34 |
$93.08 |
$93.98 |
$92.88 |
$94.73 |
(1 USD = 1.7 AZN on October 15)
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