Today.Az » Business » Weekly review of Azerbaijani oil market
07 February 2022 [16:12] - Today.Az
By Trend Azerbaijani oil prices increased last week, Trend reports. The average price for Azeri Light CIF oil, produced at the Azeri-Chirag-Gunashli (ACG) field, reached $95.39 per barrel, having grown by $3.01 (3.25 percent) compared to the previous price. The maximum price for Azeri Light CIF oil amounted to $99.3 per barrel, while the minimum price - $94.2. The average price of Azeri LT FOB Ceyhan amounted to $94.46 per barrel last week, up by $2.94 (3.21 percent) compared to the previous indicator. The maximum price for Azeri LT FOB Ceyhan amounted to $98.39 per barrel, while the minimum price - $92.72. The average price of URALS oil sold by Azerbaijan in the Russian Port of Novorossiysk amounted to $88.69 per barrel last week, which is $1.52 (1.74 percent) more than in the previous week. The maximum price for URALS oil amounted to $92.37 per barrel, while the minimum price - $86.36. 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 $93.77 per barrel last week, thus increasing by $3.15 (3.47 percent). The maximum price for Brent Dated amounted to $97.66 per barrel, while the minimum price - $91.94. Oil grade/date | Jan. 31, 2022 | Feb. 1, 2022 | Feb. 2, 2022 | Feb. 3, 2022 | Feb. 4, 2022 | Average price | Azeri LT CIF | $94.2 | $94.74 | $93.65 | $95.07 | $99.3 | $95.39 | Azeri Light FOB Ceyhan | $93.25 | $93.8 | $92.72 | $94.16 | $98.39 | $94.46 | Urals (EX NOVO) | $88.23 | $88.68 | $86.36 | $87.81 | $92.37 | $88.69 | Brent Dated | $92.52 | $93.27 | $91.94 | $93.46 | $97.66 | $93.77 |
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