Today.Az » Business » Weekly review of Azerbaijan's oil market
06 June 2022 [16:53] - 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 $126.37 per barrel, having increased by $2.35 (1.89 percent) compared to the previous price. The maximum price for Azeri Light CIF oil amounted to $127.48 per barrel, while the minimum price – was $125.75. The average price of Azeri LT FOB Ceyhan totaled $125.31 per barrel last week, up by $2.35 (1.91 percent) compared to the previous indicator. The maximum price for Azeri LT FOB Ceyhan amounted to $126.42 per barrel, while the minimum price was $124.69. The average price of URALS oil sold by Azerbaijan in the Russian Port of Novorossiysk reached $83.35 per barrel last week, which was $3.9 (4.9 percent) more than in the previous week. The maximum price for URALS oil amounted to $85.38 per barrel, while the minimum price – was $81.05. 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 $121.61 per barrel last week, thus increasing by $4.52 (3.86 percent). The maximum price for Brent Dated amounted to $124.38 per barrel, while the minimum price – was $118.69. Oil grade/date | May 30, 2022 | May 31, 2022 | June 1, 2022 | June 2, 2022 | June 3, 2022 | Average price | Azeri LT CIF | $125.75 | $125.91 | $126.80 | $127.48 | $125.93 | $126.37 | Azeri Light FOB Ceyhan | $124.69 | $124.86 | $125.74 | $126.42 | $124.87 | $125.31 | Urals (EX NOVO) | $81.05 | $81.99 | $83.96 | $85.38 | $84.41 | $83.35 | Brent Dated | $118.69 | $119.67 | $122.34 | $124.38 | $122.96 | $121.61 |
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