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 $51.25 per barrel last week (from December 21 to December 25), which is $0.41 (0.8 percent) less compared to the previous price, Trend reports on Dec.28.
Last week, the maximum price for Azeri Light CIF oil amounted to $52.05 per barrel, while the minimum - $50.9.
The average price of Azeri LT FOB Ceyhan amounted to $50.67 per barrel last week, down by $0.42 (0.8 percent) compared to the previous indicator.
The maximum price for Azeri LT FOB Ceyhan amounted to $51.47 per barrel, while the minimum - $50.32.
Last week, the average price of URALS oil sold by Azerbaijan in the Russian Port of Novorossiysk amounted to $48.62 per barrel, which is 71 cents (1.4 percent) less compared to the previous week.
The maximum price for URALS oil amounted to $49.43 per barrel, while the minimum - $48.27.
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 $50.51 per barrel, which is $0.34 (0.7 percent) less compared to the previous price.
The maximum price for Brent Dated amounted to $51.27 per barrel, while the minimum - $50.07.
|
Oil grade/date |
Dec. 21, 2020 |
Dec. 22, 2020 |
Dec 23, 2020 |
Dec. 24, 2020 |
Dec. 25, 2020 |
Average price |
|
Azeri LT CIF |
$50.9 |
$51.09 |
$52.05 |
$50.97 |
- |
$51.25 |
|
Azeri Light FOB Ceyhan |
$50.32 |
$50.51 |
$51.47 |
$50.39 |
- |
$50.67 |
|
Urals (EX NOVO) |
$48.28 |
$48.51 |
$49.43 |
$48.27 |
- |
$48.62 |
|
Brent Dated |
$50.07 |
$50.3 |
$51.27 |
$50.4 |
- |
$50.51 |
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