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 $23.29 per barrel last week (from Oct.26 through Oct. 30), which is $2.92 (6.9 percent) less compared to the previous price, Trend reports.
Last week, the maximum price for Azeri Light CIF oil amounted to $41.52 per barrel, while the minimum - $37.53.
Last week, the average price of Azeri LT FOB Ceyhan amounted to $38.75 per barrel, which is $2.97 (7.1 percent) less compared to the previous price.
The maximum price for Azeri LT FOB Ceyhan amounted to $40.97 per barrel, while the minimum - $37.
Last week, the average price of URALS oil sold by Azerbaijan in the Russian Port of Novorossiysk amounted to $38.62 per barrel, which is $2.9 (7 percent) less compared to the previous week.
The maximum price for URALS oil amounted to $40.66 per barrel, while the minimum - $37.04.
Azerbaijan sells its URALS oil from the Russian Black Sea port of Novorossiysk, delivering it through the Baku-Novorossiysk oil pipeline.
The average price of Brent Dated reference-grade oil amounted to $37.87 per barrel last week, declining by $3.36 (8.1 percent) compared to the previous indicator.
The maximum price for Brent Dated oil amounted to $40.01 per barrel, while the minimum - $36.21.
|
Oil grade/date |
Oct. 26, 2020 |
Oct. 27, 2020 |
Oct. 28, 2020 |
Oct.29, 2020 |
Oct.30, 2020 |
Average price |
|
Azeri LT CIF |
40.47 |
41.52 |
39.26 |
37.65 |
37.53 |
39.29 |
|
Azeri Light FOB Ceyhan |
39.92 |
40.97 |
38.72 |
37.12 |
37 |
38.75 |
|
Urals (EX NOVO) |
39.66 |
40.66 |
38.65 |
37.07 |
37.04 |
38.62 |
|
Brent Dated |
39.12 |
40.01 |
37.77 |
36.22 |
36.21 |
37.87 |
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