Weekly review of Azerbaijani oil market
By Trend
Azerbaijani oil prices have dropped last week, Trend reports.
The average price for Azeri Light CIF oil, produced at the Azeri-Chirag-Gunashli (ACG) field, equaled $108.68 per barrel, having declined by $16.72 (13.33 percent) compared to the previous price.
The maximum price for Azeri Light CIF oil amounted to $112.01 per barrel, while the minimum price - was $104.48.
The average price of Azeri LT FOB Ceyhan amounted to $107.57 per barrel last week, down by $16.42 (13.24 percent) compared to the previous indicator.
The maximum price for Azeri LT FOB Ceyhan amounted to $110.91 per barrel, while the minimum price - was $103.38.
The average price of URALS oil sold by Azerbaijan in the Russian Port of Novorossiysk totaled $73.14 per barrel last week, which is $19.67 (21.2 percent) less than in the previous week.
The maximum price for URALS oil amounted to $76.62 per barrel, while the minimum price - was $68.66.
Azerbaijan sells its URALS oil from the Russian Black Sea port of Novorossiysk, delivering it through the Baku-Novorossiysk oil pipeline.
The average price of Brent Dated made up $110.61 per barrel last week, thus decreasing by $16.85 (13.22 percent).
The maximum price for Brent Dated amounted to $113.71 per barrel, while the minimum price - $106.48.
|
Oil grade/date |
Mar.14, 2022 |
Mar. 15, 2022 |
Mar. 16, 2022 |
Mar. 17, 2022 |
Mar. 18, 2022 |
Average price |
|
Azeri LT CIF |
$109.36 |
$105.62 |
$104.48 |
$112.01 |
$111.95 |
$108.68 |
|
Azeri Light FOB Ceyhan |
$108.26 |
$104.52 |
$103.38 |
110.91 |
$110.78 |
$107.57 |
|
Urals (EX NOVO) |
$74.19 |
$70.16 |
$68.66 |
$76.62 |
$76.11 |
$73.14 |
|
Brent Dated |
$111.63 |
$107.96 |
$106.48 |
$113.71 |
$113.28 |
$110.61 |
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