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Weekly review of Azerbaijani oil prices

25 May 2024 17:44 (UTC+04:00)
Weekly review of Azerbaijani oil prices

Oil prices have declined this week, Azernews reports.

The average price of Azeri Light crude oil on a CIF basis, produced at Azerbaijan's Azeri-Chirag-Guneshli field, fell by $0.59 (0.7 percent) compared to last week and amounted to $83.56 per barrel. The maximum price during the period reached $84.95 per barrel, while the minimum price reached $82.46 per barrel.

The average price of Azeri Light crude oil FOB at the Turkish port of Ceyhan averaged $81.6 per barrel this week, down $0.93, or 1.12 percent, from last week. The maximum price was $83.25 per barrel and the minimum was $80.43 per barrel.

The URALS crude oil price decreased by $0.41 (0.62 percent) from last week to $65.61 per barrel. The maximum price for URALS reached $66.75 per barrel, while the minimum price reached $64.77 per barrel.

Dated Brent benchmark crude oil price decreased by $0.82 (1.01 percent) to $80.86 per barrel. The maximum price for Dated Brent reached $82.33 per barrel, and the minimum - $79.72 per barrel.

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