Weekly review of Azerbaijani oil market
By Trend
The average price for Azeri Light CIF oil, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, amounted to $44.35 per barrel last week (from August 31 through September 4), which is $1.63 (3.5 percent) less compared to the previous price, Trend reports on Sept.7.
Last week, the maximum price for Azeri Light CIF oil amounted to $45.92 per barrel, while the minimum - $43.08.
The average price of Brent Dated reference grade oil amounted to $42.53 per barrel last week, down $2.67 (5.9 percent) compared to the previous indicator.
The maximum price for Brent Dated oil amounted to $44.31 per barrel, while the minimum - $41.21.
Last week, the average price of URALS oil sold by Azerbaijan in the Russian Port of Novorossiysk amounted to $42.79 per barrel, which is $1.47 (3.3 percent) less compared to the previous week.
The maximum price for URALS oil amounted to $44.43 per barrel, while the minimum - $41.3.
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 Azeri LT FOB Ceyhan amounted to $43.8 per barrel, which is $1.61 (3.5 percent) less compared to the previous price.
The maximum price for Azeri LT FOB Ceyhan amounted to $45.38 per barrel, while the minimum - $42.53.
|
Oil grade/date |
Aug. 31, 2020 |
Sept. 1 2020 |
Sept. 2, 2020 |
Sept. 3, 2020 |
Sept. 4, 2020 |
Average price |
|
Azeri LT CIF |
- |
$45.92 |
$44.92 |
$43.46 |
$43.08 |
$44.35 |
|
Azeri Light FOB Ceyhan |
- |
$45.38 |
$44.41 |
$42.91 |
$42.53 |
$43.8 |
|
Urals (EX NOVO) |
- |
$44.43 |
$43.46 |
$41.96 |
$41.3 |
$42.79 |
|
Brent Dated |
- |
$44.31 |
$43.04 |
$41.57 |
$41.21 |
$42.53 |
---
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