Weekly review of Azerbaijani oil market
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By Trend
The average price for Azeri Light CIF oil, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, amounted to $40.29 per barrel last week (from September 28 through October 2), which is $1.57 (3.8 percent) less compared to the previous price, Trend reports on Oct.5.
Last week, the maximum price for Azeri Light CIF oil amounted to $42.04 per barrel, while the minimum - $38.84.
The average price of Brent Dated reference grade oil amounted to $39.78 per barrel last week, down by $0.97 (2.4 percent) compared to the previous indicator.
The maximum price for Brent Dated oil amounted to $41.53 per barrel, while the minimum - $38.61.
Last week, the average price of URALS oil sold by Azerbaijan in the Russian Port of Novorossiysk amounted to $39.69 per barrel, which is 83 cents (2 percent) less compared to the previous week.
The maximum price for URALS oil amounted to $41.36 per barrel, while the minimum - $38.19.
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 $39.78 per barrel, which is $1.57 (3.8 percent) less compared to the previous price.
The maximum price for Azeri LT FOB Ceyhan amounted to $41.52 per barrel, while the minimum - $38.32.
|
Oil grade/date |
Sept. 28, 2020 |
Sept. 29, 2020 |
Sept. 30, 2020 |
Oct.1, 2020 |
Oct.1, 2020 |
Average price |
|
Azeri LT CIF |
$42.04 |
$40.5 |
$40.92 |
$39.17 |
$38.84 |
$40.29 |
|
Azeri Light FOB Ceyhan |
$41.52 |
$39.99 |
$40.41 |
$38.66 |
$38.32 |
$39.78 |
|
Urals (EX NOVO) |
$41.36 |
$40.03 |
$40.36 |
$38.52 |
$38.19 |
$39.69 |
|
Brent Dated |
$41.53 |
$40.15 |
$40.67 |
$38.92 |
$38.61 |
$39.98 |
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