Weekly review of Azerbaijan's oil prices
By Trend
Azerbaijani oil prices have increased this week, Trend reports.
The average price for Azeri Light CIF oil, produced at the Azeri-Chirag-Gunashli (ACG) field, equaled $98.35 per barrel, up by $2.17 (2.25 percent) compared to the previous price.
The maximum price for Azeri Light CIF oil amounted to $100.87 per barrel, while the minimum price was $95.5.
The average price of Azeri LT FOB Ceyhan totaled $96.2 per barrel this week, growing by $2.24 (2.4 percent) compared to the previous indicator.
The maximum price for Azeri LT FOB Ceyhan amounted to $98.81 per barrel, while the minimum price was $93.34 .
The average price of URALS oil sold by Azerbaijan in the Russian Port of Novorossiysk reached $68.83 per barrel this week, which was $1.31 (1.94 percent) more than in the previous week.
The maximum price for URALS oil amounted to $70.8 per barrel, while the minimum price – $67.35.
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 $95.86 per barrel this week, thus rising by $2.88 (2.88 percent).
The maximum price for Brent Dated amounted to $98.73 per barrel, while the minimum price – $92.85 .
|
Oil grade/date |
October 31, 2022 |
November 1, 2022 |
November 2, 2022 |
November 3, 2022 |
November 4, 2022 |
Average price |
|
Azeri LT CIF |
$95.50 |
$97.57 |
$99.54 |
$98.26 |
$100.87 |
$98.35 |
|
Azeri Light FOB Ceyhan |
$93.34 |
$95.49 |
$97.45 |
$96.21 |
$98.81 |
$96.26 |
|
Urals (EX NOVO) |
$67.35 |
$67.92 |
$69.9 |
$68.17 |
$70.8 |
$68.83 |
|
Brent Dated |
$92.85 |
$94.93 |
$97 |
$95.81 |
$98.73 |
$95.86 |
(1 USD = 1.7 AZN on November 7)
---
Follow us on Twitter @AzerNewsAz