Weekly review of Azerbaijan's oil market
By Trend
Azerbaijani oil prices have dropped this week, Trend reports.
The average price for Azeri Light CIF oil, produced at the Azeri-Chirag-Gunashli (ACG) field, equaled $114.04 per barrel, having declined by $8.28 (6.76 percent) compared to the previous price.
The maximum price for Azeri Light CIF oil amounted to $117.28 per barrel, while the minimum price - was $110.58.
The average price of Azeri LT FOB Ceyhan amounted to $112.88 per barrel last week, down by $8.32 (6.86 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 $76.9 per barrel this week, which was $8.56 (10 percent) less than in the previous weeks.
The maximum price for URALS oil amounted to $80.34 per barrel, while the minimum price - was $73.17.
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 $112.68 per barrel this week, thus decreasing by $10.54 (8.55 percent).
The maximum price for Brent Dated amounted to $117.56 per barrel, while the minimum price - $107.43.
|
Oil grade/date |
Mar. 28, 2022 |
Mar. 29, 2022 |
Mar. 30, 2022 |
Mar. 31, 2022 |
Apr. 1, 2022 |
Average price |
|
Azeri LT CIF |
$117.28 |
$112.88 |
$117.15 |
$112.33 |
$110.58 |
$114.04 |
|
Azeri Light FOB Ceyhan |
$116.22 |
$111.76 |
$116.01 |
$111.11 |
$109.29 |
$112.88 |
|
Urals (EX NOVO) |
$80.34 |
$75.95 |
$79.99 |
$75.02 |
$73.17 |
$76.90 |
|
Brent Dated |
$117.56 |
$112.37 |
$115.94 |
$110.09 |
$107.43 |
$112.68 |
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