Weekly review of Azerbaijani oil market

21 December 2020 16:17 (UTC+04:00)

By Trend

The average price for Azeri Light CIF oil, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, amounted to $51.66 per barrel last week (from December 14 to December 18), which is $1.55 (3.1 percent) more compared to the previous price, Trend reports on Dec.14.

Last week, the maximum price for Azeri Light CIF oil amounted to $52.79 per barrel, while the minimum - $50.35.

The average price of Azeri LT FOB Ceyhan amounted to $51.09 per barrel last week, up by $1.51 (3 percent) compared to the previous indicator.

The maximum price for Azeri LT FOB Ceyhan amounted to $52.21 per barrel, while the minimum - $49.81.

Last week, the average price of URALS oil sold by Azerbaijan in the Russian Port of Novorossiysk amounted to $49.33 per barrel, which is 73 cents (1.5 percent) more compared to the previous week.

The maximum price for URALS oil amounted to $50.09 per barrel, while the minimum - $48.51.

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 $50.85 per barrel, which is $1.47 (3 percent) more compared to the previous price.

The maximum price for Brent Dated amounted to $51.97 per barrel, while the minimum - $49.59.

Oil grade/date

Dec. 14, 2020

Dec. 15, 2020

Dec 16, 2020

Dec. 17, 2020

Dec. 18, 2020

Average price

Azeri LT CIF

$50.35

$51.44

$51.52

$52.19

$52.79

$51.66

Azeri Light FOB Ceyhan

$49.81

$50.9

$50.94

$51.61

$52.21

$51.09

Urals (EX NOVO)

$48.51

$49.39

$48.99

$49.66

$50.09

$49.33

Brent Dated

$49.59

$50.68

$50.65

$51.36

$51.97

$50.85

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