Weekly review of Azerbaijani oil market
By Trend
Azerbaijani oil prices fluctuated last week, Trend reports.
The average price for Azeri Light CIF oil, produced at the Azeri-Chirag-Gunashli (ACG) field, made up $85.37 per barrel, having grown by 12 cents (0.3 percent) compared to the previous price.
Last week, the maximum price for Azeri Light CIF oil amounted to $86.24 per barrel, while the minimum - $84.13.
The average price of Azeri LT FOB Ceyhan amounted to $84.45 per barrel last week, down by 15 cents (0.17 percent) compared to the previous indicator.
The maximum price for Azeri LT FOB Ceyhan amounted to $85.32 per barrel, while the minimum - $83.22.
Last week, the average price of URALS oil sold by Azerbaijan in the Russian Port of Novorossiysk amounted to $80.44 per barrel, which is 30 cents (0.37 percent) less compared to the previous week.
The maximum price for URALS oil amounted to $81.46 per barrel, while the minimum - $79.21.
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 $83.72 per barrel, thus decreasing by 11 cents (0.13 percent).
The maximum price for Brent Dated amounted to $84.57 per barrel, while the minimum - $82.65.
Oil grade/date |
Nov. 8, 2021 |
Nov. 9, 2021 |
Nov. 10, 2021 |
Nov. 11, 2021 |
Nov. 12, 2021 |
Average price |
Azeri LT CIF |
$86.09 |
$86.24 |
$86.04 |
$84.37 |
$84.13 |
$85.37 |
Azeri Light FOB Ceyhan |
$85.16 |
$85.32 |
$85.11 |
$83.47 |
$83.22 |
$84.45 |
Urals (EX NOVO) |
$81.15 |
$81.46 |
$80.97 |
$79.43 |
$79.21 |
$80.44 |
Brent Dated |
$84.09 |
$84.57 |
$84.30 |
$83.02 |
$82.65 |
$83.72 |
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