Weekly review of Azerbaijan's 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 $126.37 per barrel, having increased by $2.35 (1.89 percent) compared to the previous price.
The maximum price for Azeri Light CIF oil amounted to $127.48 per barrel, while the minimum price – was $125.75.
The average price of Azeri LT FOB Ceyhan totaled $125.31 per barrel last week, up by $2.35 (1.91 percent) compared to the previous indicator.
The maximum price for Azeri LT FOB Ceyhan amounted to $126.42 per barrel, while the minimum price was $124.69.
The average price of URALS oil sold by Azerbaijan in the Russian Port of Novorossiysk reached $83.35 per barrel last week, which was $3.9 (4.9 percent) more than in the previous week.
The maximum price for URALS oil amounted to $85.38 per barrel, while the minimum price – was $81.05.
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 $121.61 per barrel last week, thus increasing by $4.52 (3.86 percent).
The maximum price for Brent Dated amounted to $124.38 per barrel, while the minimum price – was $118.69.
Oil grade/date |
May 30, 2022 |
May 31, 2022 |
June 1, 2022 |
June 2, 2022 |
June 3, 2022 |
Average price |
Azeri LT CIF |
$125.75 |
$125.91 |
$126.80 |
$127.48 |
$125.93 |
$126.37 |
Azeri Light FOB Ceyhan |
$124.69 |
$124.86 |
$125.74 |
$126.42 |
$124.87 |
$125.31 |
Urals (EX NOVO) |
$81.05 |
$81.99 |
$83.96 |
$85.38 |
$84.41 |
$83.35 |
Brent Dated |
$118.69 |
$119.67 |
$122.34 |
$124.38 |
$122.96 |
$121.61 |
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