Weekly review of Azerbaijani oil prices
By Trend
The average price for Azeri Light CIF oil, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, amounted to $58.91 per barrel last week (from Feb. 1 through Feb. 5), which increased by $2.69 (4.8 percent) compared to the previous price, Trend reports on Feb. 8.
Last week, the maximum price for Azeri Light CIF oil amounted to $60.51 per barrel, while the minimum - $56.68.
The average price of Azeri LT FOB Ceyhan amounted to $58.27 per barrel last week, up $2.71 (4.9 percent) compared to the previous indicator.
The maximum price for Azeri LT FOB Ceyhan amounted to $59.89 per barrel, while the minimum - $56.02.
Last week, the average price of URALS oil sold by Azerbaijan in the Russian Port of Novorossiysk amounted to $56.68 per barrel, showing an increase of $2.43 (4.5 percent) compared to the previous week.
The maximum price for URALS oil amounted to $58.19 per barrel, while the minimum - $54.71.
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 $58.15 per barrel, which is $2.88 (5.2 percent) more compared to the previous price.
The maximum price for Brent Dated amounted to $59.77 per barrel, while the minimum - $55.82.
Oil grade/date |
Feb. 1, 2021 |
Feb. 2, 2021 |
Feb. 3, 2021 |
Feb. 4, 2021 |
Feb. 5, 2021 |
Average price |
Azeri LT CIF |
$56.68 |
$58.48 |
$59.51 |
$59.39 |
$60.51 |
$58.91 |
Azeri Light FOB Ceyhan |
$56.02 |
$57.83 |
$58.87 |
$58.76 |
$59.89 |
$58.27 |
Urals (EX NOVO) |
$54.71 |
$56.25 |
$57.17 |
$57.08 |
$58.19 |
$56.68 |
Brent Dated |
$55.82 |
$57.74 |
$58.77 |
$58.64 |
$59.77 |
$58.15 |
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