Today.Az » Business » Weekly review of Azerbaijan's oil market
03 September 2022 [17:35] - Today.Az
By Trend Azerbaijani oil prices dropped this week, Trend reports. The average price for Azeri Light CIF oil, produced at the Azeri-Chirag-Gunashli (ACG) field, equaled $99.37 per barrel, having reduced by 76 cents (0.76 percent) compared to the previous price. The maximum price for Azeri Light CIF oil amounted to $102.15 per barrel, while the minimum price was $95.6. The average price of Azeri LT FOB Ceyhan totaled $97.67 per barrel this week, down by $1.36 (1.37 percent) compared to the previous indicator. The maximum price for Azeri LT FOB Ceyhan amounted to $100.39 per barrel, while the minimum price was $93.93. The average price of URALS oil sold by Azerbaijan in the Russian Port of Novorossiysk reached $77.04 per barrel this week, which was $2.7 (3.5 percent) less than in the previous week. The maximum price for URALS oil amounted to $78.18 per barrel, while the minimum price - $70.07. 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 $96.51 per barrel this week, thus decreasing by $1.62 (1.65 percent). The maximum price for Brent Dated amounted to $99.67 per barrel, while the minimum price –$92.58. Oil grade/date | August 29, 2022 | August 30, 2022 | August 31, 2022 | September 1, 2022 | September 2, 2022 | Average price | Azeri LT CIF | $101.90 | $102.15 | $99.67 | $95.60 | $97.53 | $99.37 | Azeri Light FOB Ceyhan | $100.15 | $100.39 | $97.94 | $93.93 | $95.94 | $97.67 | Urals (EX NOVO) | $78.18 | $77.72 | $74.44 | $70.07 | $71.44 | $74.34 | Brent Dated | $99.46 | $99.67 | $96.68 | $92.58 | $94.17 | $96.51 |
( 1 USD = 1.7 AZN on September 3)
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