Today.Az » Business » Weekly review of Azerbaijani oil market
15 March 2021 [15:34] - Today.Az
By Trend
The average price for Azeri Light CIF oil, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, amounted to $68.92 per barrel last week (from Mar.8 through Mar.12), which is growth by $2.6 (3.9 percent) compared to the previous price, Trend reports on Mar.15. Last week, the maximum price for Azeri Light CIF oil amounted to $69.84 per barrel, while the minimum - $67.6. The average price of Azeri LT FOB Ceyhan amounted to $68.11 per barrel last week, up to $2.58 (3.9 percent) compared to the previous indicator. The maximum price for Azeri LT FOB Ceyhan amounted to $69 per barrel, while the minimum - $66.81. Last week, the average price of URALS oil sold by Azerbaijan in the Russian Port of Novorossiysk amounted to $65.62 per barrel, showing an increase of $3.13 (5 percent) compared to the previous week. The maximum price for URALS oil amounted to $66.52 per barrel, while the minimum - $64.36. Azerbaijan sells its URALS oil from the Russian Black Sea port of Novorossiysk, delivering it through the Baku-Novorossiysk oil pipeline. Last week, the average price of Brent Dated amounted to $68.24 per barrel, which is $2.09 (3.2 percent) more compared to the previous price. The maximum price for Brent Dated amounted to $69.29 per barrel, while the minimum - $66.76. Oil grade/date | Mar.8, 2021 | Mar.9, 2021 | Mar.10, 2021 | Mar.11, 2021 | Mar.12, 2021 | Average price | Azeri LT CIF | $69.38 | $68.04 | $67.6 | $69.72 | $69.84 | $68.92 | Azeri Light FOB Ceyhan | $68.6 | $67.26 | $66.81 | $68.88 | $69 | $68.11 | Urals (EX NOVO) | $66.1 | $64.8 | $64.36 | $66.52 | $66.33 | $65.62 | Brent Dated | $68.74 | $67.26 | $66.76 | $69.16 | $69.29 | $68.24 |
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