Weekly review of Azerbaijan's oil market
By Trend
Azerbaijani oil prices have fluctuated this week, Trend reports.
The average price for Azeri Light CIF oil, produced at the Azeri-Chirag-Gunashli (ACG) field, equaled $115.06 per barrel, having risen by $7.27 (6.74 percent) compared to the previous price.
The maximum price for Azeri Light CIF oil amounted to $119.04 per barrel, while the minimum price – was $110.7.
The average price of Azeri LT FOB Ceyhan totaled $113.83 per barrel this week, up by $7.35 (6.9 percent) compared to the previous indicator.
The maximum price for Azeri LT FOB Ceyhan amounted to $117.82 per barrel, while the minimum price was $109.49.
The average price of URALS oil sold by Azerbaijan in the Russian Port of Novorossiysk reached $73.85 per barrel this week, which was $7 (10.47 percent) more than in the previous week.
The maximum price for URALS oil amounted to $77.89 per barrel, while the minimum price – was $69.42.
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 $110.47 per barrel this week, thus increasing by $7.16 (6.93 percent).
The maximum price for Brent Dated amounted to $114.33 per barrel, while the minimum price – was $106.13.
|
Oil grade/date |
May 2, 2022 |
May 3, 2022 |
May 4, 2022 |
May 5, 2022 |
May 6, 2022 |
Average price |
|
Azeri LT CIF |
- |
$110.70 |
$113.55 |
$116.94 |
$119.04 |
$115.06 |
|
Azeri Light FOB Ceyhan |
- |
$109.49 |
$112.32 |
$115.71 |
$117.82 |
$113.83 |
|
Urals (EX NOVO) |
- |
$69.42 |
$72.39 |
$75.70 |
$77.89 |
$73.85 |
|
Brent Dated |
- |
$106.13 |
$109.02 |
$112.41 |
$114.33 |
$110.47 |
(1 USD = 1.7 AZN on May 7)
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