Today.Az » Business » Weekly review of Azerbaijani oil market
31 January 2022 [15:51] - Today.Az
By Trend Azerbaijani oil prices increased last week, Trend reports on Jan. 31. The average price for Azeri Light CIF oil, produced at the Azeri-Chirag-Gunashli (ACG) field, reached $92.38 per barrel, having grown by 95 cents (one percent) compared to the previous price. The maximum price for Azeri Light CIF oil amounted to $94.66 per barrel, while the minimum price - $89.1. The average price of Azeri LT FOB Ceyhan amounted to $91.52 per barrel last week, up by 90 cents (one percent) compared to the previous indicator. The maximum price for Azeri LT FOB Ceyhan amounted to $93.72 per barrel, while the minimum price - $88.27. The average price of URALS oil sold by Azerbaijan in the Russian Port of Novorossiysk amounted to $87.17 per barrel last week, which is $1.04 (1.2 percent) more than in the previous week. The maximum price for URALS oil amounted to $89.05 per barrel, while the minimum price - $84.21. 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 amounted to $90.62 per barrel last week, thus increasing by $1.13 (1.3 percent). The maximum price for Brent Dated amounted to $92.86 per barrel, while the minimum price - $87.52. Oil grade/date | Jan. 24, 2022 | Jan.25, 2022 | Jan. 26, 2022 | Jan. 27, 2022 | Jan. 28, 2022 | Average price | Azeri LT CIF | $89.10 | $91.16 | $93.84 | $93.17 | $94.66 | $92.38 | Azeri Light FOB Ceyhan | $88.27 | $90.34 | $92.98 | $92.3 | $93.72 | $91.52 | Urals (EX NOVO) | $84.21 | $86.22 | $88.55 | $87.86 | $89.05 | $87.17 | Brent Dated | $87.52 | $89.45 | $92.02 | $91.29 | $92.86 | $90.62 |
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