Today.Az » Business » Weekly review of Azerbaijani oil market
21 March 2022 [12:15] - Today.Az
By Trend Azerbaijani oil prices have dropped last week, Trend reports. The average price for Azeri Light CIF oil, produced at the Azeri-Chirag-Gunashli (ACG) field, equaled $108.68 per barrel, having declined by $16.72 (13.33 percent) compared to the previous price. The maximum price for Azeri Light CIF oil amounted to $112.01 per barrel, while the minimum price - was $104.48. The average price of Azeri LT FOB Ceyhan amounted to $107.57 per barrel last week, down by $16.42 (13.24 percent) compared to the previous indicator. The maximum price for Azeri LT FOB Ceyhan amounted to $110.91 per barrel, while the minimum price - was $103.38. The average price of URALS oil sold by Azerbaijan in the Russian Port of Novorossiysk totaled $73.14 per barrel last week, which is $19.67 (21.2 percent) less than in the previous week. The maximum price for URALS oil amounted to $76.62 per barrel, while the minimum price - was $68.66. 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 made up $110.61 per barrel last week, thus decreasing by $16.85 (13.22 percent). The maximum price for Brent Dated amounted to $113.71 per barrel, while the minimum price - $106.48. Oil grade/date | Mar.14, 2022 | Mar. 15, 2022 | Mar. 16, 2022 | Mar. 17, 2022 | Mar. 18, 2022 | Average price | Azeri LT CIF | $109.36 | $105.62 | $104.48 | $112.01 | $111.95 | $108.68 | Azeri Light FOB Ceyhan | $108.26 | $104.52 | $103.38 | 110.91 | $110.78 | $107.57 | Urals (EX NOVO) | $74.19 | $70.16 | $68.66 | $76.62 | $76.11 | $73.14 | Brent Dated | $111.63 | $107.96 | $106.48 | $113.71 | $113.28 | $110.61 |
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