Today.Az » Business » Weekly review of Azerbaijan's oil market
20 June 2022 [15:55] - Today.Az
By Trend Azerbaijani oil prices decreased last week, Trend reports. The average price for Azeri Light CIF oil, produced at the Azeri-Chirag-Gunashli (ACG) field, equaled $127.82 per barrel, having decreased by $1.21 (0.94 percent) compared to the previous price. The maximum price for Azeri Light CIF oil amounted to $129.41 per barrel, while the minimum price – was $121.97. The average price of Azeri LT FOB Ceyhan totaled $126.36 per barrel this week, down by $1.51 (1.18 percent) compared to the previous indicator. The maximum price for Azeri LT FOB Ceyhan amounted to $132.04 per barrel, while the minimum price was $120.37. The average price of URALS oil sold by Azerbaijan in the Russian Port of Novorossiysk amounted to $85.5 per barrel this week, which was $1.99 (2.28 percent) less than in the previous week. The maximum price for URALS oil amounted to $90.99 per barrel, while the minimum price – was $79.41. 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 $127.05 per barrel this week, thus decreasing by $0.44 (0.35 percent). The maximum price for Brent Dated amounted to $132.06 per barrel, while the minimum price – was $120.58. Oil grade/date | 13.06.22 | 14.06.22 | 15.06.22 | 16.06.22 | 17.06.22 | Average price | Azeri LT CIF | $128.77 | $133.34 | $129.41 | $125.63 | $121.97 | $127.82 | Azeri Light FOB Ceyhan | $127.44 | $132.04 | $127.96 | $124.03 | $120.37 | $126.36 | Urals (EX NOVO) | $87.19 | $90.99 | $86.9 | $83.02 | $79.41 | $85.5 | Brent Dated | $127.97 | $132.06 | $128.16 | $124.28 | $120.58 | $126.61 |
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