Weekly review of Azerbaijani oil market

6 September 2021 17:15 (UTC+04:00)

By Trend

Azerbaijani oil prices increased last week, Trend reports on Sept.6.

So, the average price for Azeri Light CIF oil, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, made up $72.76 per barrel, having grown by $2.62 (3.7 percent) compared to the previous price.

Last week, the maximum price for Azeri Light CIF oil amounted to $73.96 per barrel, while the minimum - $71.32.

The average price of Azeri LT FOB Ceyhan amounted to $72.07 per barrel last week, up by $2.61 (3.8 percent) compared to the previous indicator.

The maximum price for Azeri LT FOB Ceyhan amounted to $73.28 per barrel, while the minimum - $70.63.

Last week, the average price of URALS oil sold by Azerbaijan in the Russian Port of Novorossiysk amounted to $69.31 per barrel, which is $2.53 (3.8 percent) more compared to the previous week.

The maximum price for URALS oil amounted to $70.5 per barrel, while the minimum - $67.81.

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 $72.81 per barrel, which is $2.03 (3.2 percent) more compared to the previous price.

The maximum price for Brent Dated amounted to $73.97 per barrel, while the minimum - $71.36.

 

 

Oil grade/date

Aug. 30, 2021

Aug. 31, 2021

Sept.1, 2021

Sept.2, 2021

Sept.3, 2021

Average price

Azeri LT CIF

-

$72.21

$71.32

$73.96

$73.53

$72.76

 

Azeri Light FOB Ceyhan

-

$71.52

$70.63

$73.28

$72.85

$72.07

Urals (EX NOVO)

-

$68.67

$67.81

$70.5

$70.27

$69.31

Brent Dated

-

$72.41

$71.36

$73.97

$73.48

$72.81

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