Weekly review of Azerbaijani oil market

22 February 2021 12:47 (UTC+04:00)

By Trend

The average price for Azeri Light CIF oil, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, amounted to $64.15 per barrel last week (from Feb. 15 through Feb. 19), which is growth by $2.13 (3.4 percent) compared to the previous price, Trend reports on Feb. 22.

Last week, the maximum price for Azeri Light CIF oil amounted to $64.78 per barrel, while the minimum - $63.68.

The average price of Azeri LT FOB Ceyhan amounted to $63.37 per barrel last week, up to $1.97 (3.2 percent) compared to the previous indicator.

The maximum price for Azeri LT FOB Ceyhan amounted to $63.94 per barrel, while the minimum - $62.87.

Last week, the average price of URALS oil sold by Azerbaijan in the Russian Port of Novorossiysk amounted to $60.83 per barrel, showing an increase of $1.77 (3 percent) compared to the previous week.

The maximum price for URALS oil amounted to $61.47 per barrel, while the minimum - $60.26.

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 $63.98 per barrel, which is $2.96 (4.85 percent) more compared to the previous price.

The maximum price for Brent Dated amounted to $64.66 per barrel, while the minimum - $63.44.

Oil grade/date

Feb. 15, 2021

Feb. 16, 2021

Feb. 17, 2021

Feb. 18, 2021

Feb. 19, 2021

Average price

Azeri LT CIF

$64.34

$63.68

$64.23

$64.78

$63.73

$64.15

 

Azeri Light FOB Ceyhan

$63.7

$62.92

$63.4

$63.94

$62.87

$63.37

Urals (EX NOVO)

$61.09

$60.41

$60.92

$61.47

$60.26

$60.83

Brent Dated

$64.07

$63.57

$64.16

$64.66

$63.44

$63.98

 

--

Follow us on Twitter @AzerNewsAz