Today.Az » Business » Weekly review of Azerbaijani oil market
28 March 2022 [11:49] - Today.Az
By Trend Azerbaijani oil prices grew last week, Trend reports. The average price for Azeri Light CIF oil, produced at the Azeri-Chirag-Gunashli (ACG) field, equaled $122.32 per barrel, having increased by $13.64 (12.55 percent) compared to the previous price. The maximum price for Azeri Light CIF oil amounted to $125.57 per barrel, while the minimum price - was $119.31. The average price of Azeri LT FOB Ceyhan amounted to $121.2 per barrel last week, up by $13.63 (12.67 percent) compared to the previous indicator. The maximum price for Azeri LT FOB Ceyhan amounted to $124.5 per barrel, while the minimum price - was $118.09. The average price of URALS oil sold by Azerbaijan in the Russian Port of Novorossiysk totaled $85.46 per barrel last week, which is $12.32 (16.84 percent) less than in the previous week. The maximum price for URALS oil amounted to $88.4 per barrel, while the minimum price - was $82. 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 $123.22 per barrel last week, thus rising by $12.61 (11.4 percent). The maximum price for Brent Dated amounted to $126.5 per barrel, while the minimum price - was $120.33. Oil grade/date | Mar.21, 2022 | Mar. 22, 2022 | Mar. 23, 2022 | Mar. 24, 2022 | Mar. 25, 2022 | Average price | Azeri LT CIF | $119.57 | $119.31 | $125.57 | $123.29 | $123.87 | $122.32 | Azeri Light FOB Ceyhan | $118.38 | $118.09 | $124.5 | 122.23 | $122.82 | $121.2 | Urals (EX NOVO) | $83.62 | $82 | $88.4 | $86.35 | $86.93 | $85.46 | Brent Dated | $120.88 | $120.33 | $126.5 | $124.04 | $124.35 | $123.22 |
|