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Weekly review of Azerbaijani oil market

5 October 2020 14:39 (UTC+04:00)
1 161

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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