Weekly review of Azerbaijani oil market

28 December 2020 11:59 (UTC+04:00)

By Trend

The average price for Azeri Light CIF oil, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, amounted to $51.25 per barrel last week (from December 21 to December 25), which is $0.41 (0.8 percent) less compared to the previous price, Trend reports on Dec.28.

Last week, the maximum price for Azeri Light CIF oil amounted to $52.05 per barrel, while the minimum - $50.9.

The average price of Azeri LT FOB Ceyhan amounted to $50.67 per barrel last week, down by $0.42 (0.8 percent) compared to the previous indicator.

The maximum price for Azeri LT FOB Ceyhan amounted to $51.47 per barrel, while the minimum - $50.32.

Last week, the average price of URALS oil sold by Azerbaijan in the Russian Port of Novorossiysk amounted to $48.62 per barrel, which is 71 cents (1.4 percent) less compared to the previous week.

The maximum price for URALS oil amounted to $49.43 per barrel, while the minimum - $48.27.

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 $50.51 per barrel, which is $0.34 (0.7 percent) less compared to the previous price.

The maximum price for Brent Dated amounted to $51.27 per barrel, while the minimum - $50.07.

Oil grade/date

Dec. 21, 2020

Dec. 22, 2020

Dec 23, 2020

Dec. 24, 2020

Dec. 25, 2020

Average price

Azeri LT CIF

$50.9

$51.09

$52.05

$50.97

-

$51.25

Azeri Light FOB Ceyhan

$50.32

$50.51

$51.47

$50.39

-

$50.67

Urals (EX NOVO)

$48.28

$48.51

$49.43

$48.27

-

$48.62

Brent Dated

$50.07

$50.3

$51.27

$50.4

-

$50.51

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