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 $64.15 per barrel last week (from Feb. 15 through Feb. 19), which is growth by $2.13 (3.4 percent) compared to the previous price, Trend reports on Feb. 22.
Last week, the maximum price for Azeri Light CIF oil amounted to $64.78 per barrel, while the minimum - $63.68.
The average price of Azeri LT FOB Ceyhan amounted to $63.37 per barrel last week, up to $1.97 (3.2 percent) compared to the previous indicator.
The maximum price for Azeri LT FOB Ceyhan amounted to $63.94 per barrel, while the minimum - $62.87.
Last week, the average price of URALS oil sold by Azerbaijan in the Russian Port of Novorossiysk amounted to $60.83 per barrel, showing an increase of $1.77 (3 percent) compared to the previous week.
The maximum price for URALS oil amounted to $61.47 per barrel, while the minimum - $60.26.
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 $63.98 per barrel, which is $2.96 (4.85 percent) more compared to the previous price.
The maximum price for Brent Dated amounted to $64.66 per barrel, while the minimum - $63.44.
Oil grade/date |
Feb. 15, 2021 |
Feb. 16, 2021 |
Feb. 17, 2021 |
Feb. 18, 2021 |
Feb. 19, 2021 |
Average price |
Azeri LT CIF |
$64.34 |
$63.68 |
$64.23 |
$64.78 |
$63.73 |
$64.15 |
Azeri Light FOB Ceyhan |
$63.7 |
$62.92 |
$63.4 |
$63.94 |
$62.87 |
$63.37 |
Urals (EX NOVO) |
$61.09 |
$60.41 |
$60.92 |
$61.47 |
$60.26 |
$60.83 |
Brent Dated |
$64.07 |
$63.57 |
$64.16 |
$64.66 |
$63.44 |
$63.98 |
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