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 $62.99 per barrel last week (from Mar.22 through Mar.26), having dropped by $3.76 (5.6 percent) compared to the previous price, Trend reports.
Last week, the maximum price for Azeri Light CIF oil amounted to $64.01 per barrel, while the minimum - $61.31.
The average price of Azeri LT FOB Ceyhan amounted to $61.98 per barrel last week, decreasing by $3.85 (5.8 percent) compared to the previous indicator.
The maximum price for Azeri LT FOB Ceyhan amounted to $63.06 per barrel, while the minimum - $60.32.
Last week, the average price of URALS oil sold by Azerbaijan in the Russian Port of Novorossiysk amounted to $59.77 per barrel, showing a decrease of $3.72 (5.9 percent) compared to the previous week.
The maximum price for URALS oil amounted to $60.94 per barrel, while the minimum - $58.08.
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 $62.88 per barrel, which is $3.63 (5.5 percent) less compared to the previous price.
The maximum price for Brent Dated amounted to $63.81 per barrel, while the minimum - $61.26.
|
Oil grade/date |
Mar.22, 2021 |
Mar.23, 2021 |
Mar.24, 2021 |
Mar.25, 2021 |
Mar.26, 2021 |
Average price |
|
Azeri LT CIF |
$64 |
$61.93 |
$63.68 |
$61.31 |
$64.01 |
$62.99 |
|
Azeri Light FOB Ceyhan |
$63.06 |
$60.99 |
$62.71 |
$60.32 |
$62.82 |
$61.98 |
|
Urals (EX NOVO) |
$60.94 |
$58.83 |
$60.55 |
$58.08 |
$60.44 |
$59.77 |
|
Brent Dated |
$63.81 |
$61.89 |
$63.64 |
$61.26 |
$63.8 |
$62.88 |
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