Weekly review of Azerbaijani oil market
By Trend
Azerbaijani oil prices grew last week, Trend reports.
The average price for Azeri Light CIF oil, produced at the Azeri-Chirag-Gunashli (ACG) field, equaled $122.32 per barrel, having increased by $13.64 (12.55 percent) compared to the previous price.
The maximum price for Azeri Light CIF oil amounted to $125.57 per barrel, while the minimum price - was $119.31.
The average price of Azeri LT FOB Ceyhan amounted to $121.2 per barrel last week, up by $13.63 (12.67 percent) compared to the previous indicator.
The maximum price for Azeri LT FOB Ceyhan amounted to $124.5 per barrel, while the minimum price - was $118.09.
The average price of URALS oil sold by Azerbaijan in the Russian Port of Novorossiysk totaled $85.46 per barrel last week, which is $12.32 (16.84 percent) less than in the previous week.
The maximum price for URALS oil amounted to $88.4 per barrel, while the minimum price - was $82.
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 $123.22 per barrel last week, thus rising by $12.61 (11.4 percent).
The maximum price for Brent Dated amounted to $126.5 per barrel, while the minimum price - was $120.33.
|
Oil grade/date |
Mar.21, 2022 |
Mar. 22, 2022 |
Mar. 23, 2022 |
Mar. 24, 2022 |
Mar. 25, 2022 |
Average price |
|
Azeri LT CIF |
$119.57 |
$119.31 |
$125.57 |
$123.29 |
$123.87 |
$122.32 |
|
Azeri Light FOB Ceyhan |
$118.38 |
$118.09 |
$124.5 |
122.23 |
$122.82 |
$121.2 |
|
Urals (EX NOVO) |
$83.62 |
$82 |
$88.4 |
$86.35 |
$86.93 |
$85.46 |
|
Brent Dated |
$120.88 |
$120.33 |
$126.5 |
$124.04 |
$124.35 |
$123.22 |
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