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Weekly review of Azerbaijani oil market

26 October 2020 [15:48] - TODAY.AZ

By Trend


The average price for Azeri Light CIF oil, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, amounted to $42.21 per barrel last week (from Oct.19 through Oct. 23), which is 33 cents (0.8 percent) more compared to the previous price, Trend reports.

Last week, the maximum price for Azeri Light CIF oil amounted to $42.63 per barrel, while the minimum - $41.49.

Last week, the average price of Azeri LT FOB Ceyhan amounted to $41.72 per barrel, which is 32 cents (0.8 percent) more compared to the previous price.

The maximum price for Azeri LT FOB Ceyhan amounted to $42.13 per barrel, while the minimum - $41.01.

Last week, the average price of URALS oil sold by Azerbaijan in the Russian Port of Novorossiysk amounted to $41.52 per barrel, which is 35 cents (0.9 percent) more compared to the previous week.

The maximum price for URALS oil amounted to $41.91 per barrel, while the minimum - $40.87.

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 reference-grade oil amounted to $41.23 per barrel last week, up by 9 cents (0.2 percent) compared to the previous indicator.

The maximum price for Brent Dated oil amounted to $41.78 per barrel, while the minimum - $40.47.

Oil grade/date

Oct. 19, 2020

Oct. 20, 2020

Oct. 21, 2020

Oct.22, 2020

Oct.23, 2020

Average price

Azeri LT CIF

42.44

42.01

41.49

42.63

42.47

42.21

Azeri Light FOB Ceyhan

41.98

41.53

41.01

42.13

41.97

41.72

Urals (EX NOVO)

41.91

41.38

40.87

41.85

41.58

41.52

Brent Dated

41.78

41.14

40.47

41.52

41.24

41.23

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