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 $68.92 per barrel last week (from Mar.8 through Mar.12), which is growth by $2.6 (3.9 percent) compared to the previous price, Trend reports on Mar.15.
Last week, the maximum price for Azeri Light CIF oil amounted to $69.84 per barrel, while the minimum - $67.6.
The average price of Azeri LT FOB Ceyhan amounted to $68.11 per barrel last week, up to $2.58 (3.9 percent) compared to the previous indicator.
The maximum price for Azeri LT FOB Ceyhan amounted to $69 per barrel, while the minimum - $66.81.
Last week, the average price of URALS oil sold by Azerbaijan in the Russian Port of Novorossiysk amounted to $65.62 per barrel, showing an increase of $3.13 (5 percent) compared to the previous week.
The maximum price for URALS oil amounted to $66.52 per barrel, while the minimum - $64.36.
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 $68.24 per barrel, which is $2.09 (3.2 percent) more compared to the previous price.
The maximum price for Brent Dated amounted to $69.29 per barrel, while the minimum - $66.76.
Oil grade/date |
Mar.8, 2021 |
Mar.9, 2021 |
Mar.10, 2021 |
Mar.11, 2021 |
Mar.12, 2021 |
Average price |
Azeri LT CIF |
$69.38 |
$68.04 |
$67.6 |
$69.72 |
$69.84 |
$68.92 |
Azeri Light FOB Ceyhan |
$68.6 |
$67.26 |
$66.81 |
$68.88 |
$69 |
$68.11 |
Urals (EX NOVO) |
$66.1 |
$64.8 |
$64.36 |
$66.52 |
$66.33 |
$65.62 |
Brent Dated |
$68.74 |
$67.26 |
$66.76 |
$69.16 |
$69.29 |
$68.24 |
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