Today.Az » Business » Weekly review of Azerbaijan's oil market
07 May 2022 [19:53] - Today.Az
By Trend Azerbaijani oil prices have fluctuated this week, Trend reports. The average price for Azeri Light CIF oil, produced at the Azeri-Chirag-Gunashli (ACG) field, equaled $115.06 per barrel, having risen by $7.27 (6.74 percent) compared to the previous price. The maximum price for Azeri Light CIF oil amounted to $119.04 per barrel, while the minimum price – was $110.7. The average price of Azeri LT FOB Ceyhan totaled $113.83 per barrel this week, up by $7.35 (6.9 percent) compared to the previous indicator. The maximum price for Azeri LT FOB Ceyhan amounted to $117.82 per barrel, while the minimum price was $109.49. The average price of URALS oil sold by Azerbaijan in the Russian Port of Novorossiysk reached $73.85 per barrel this week, which was $7 (10.47 percent) more than in the previous week. The maximum price for URALS oil amounted to $77.89 per barrel, while the minimum price – was $69.42. 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 $110.47 per barrel this week, thus increasing by $7.16 (6.93 percent). The maximum price for Brent Dated amounted to $114.33 per barrel, while the minimum price – was $106.13. Oil grade/date | May 2, 2022 | May 3, 2022 | May 4, 2022 | May 5, 2022 | May 6, 2022 | Average price | Azeri LT CIF | - | $110.70 | $113.55 | $116.94 | $119.04 | $115.06 | Azeri Light FOB Ceyhan | - | $109.49 | $112.32 | $115.71 | $117.82 | $113.83 | Urals (EX NOVO) | - | $69.42 | $72.39 | $75.70 | $77.89 | $73.85 | Brent Dated | - | $106.13 | $109.02 | $112.41 | $114.33 | $110.47 |
(1 USD = 1.7 AZN on May 7)
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