Today.Az » Business » Weekly review of Azerbaijan's oil prices
07 November 2022 [16:17] - Today.Az
By Trend Azerbaijani oil prices have increased this week, Trend reports. The average price for Azeri Light CIF oil, produced at the Azeri-Chirag-Gunashli (ACG) field, equaled $98.35 per barrel, up by $2.17 (2.25 percent) compared to the previous price. The maximum price for Azeri Light CIF oil amounted to $100.87 per barrel, while the minimum price was $95.5. The average price of Azeri LT FOB Ceyhan totaled $96.2 per barrel this week, growing by $2.24 (2.4 percent) compared to the previous indicator. The maximum price for Azeri LT FOB Ceyhan amounted to $98.81 per barrel, while the minimum price was $93.34 . The average price of URALS oil sold by Azerbaijan in the Russian Port of Novorossiysk reached $68.83 per barrel this week, which was $1.31 (1.94 percent) more than in the previous week. The maximum price for URALS oil amounted to $70.8 per barrel, while the minimum price – $67.35. 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 $95.86 per barrel this week, thus rising by $2.88 (2.88 percent). The maximum price for Brent Dated amounted to $98.73 per barrel, while the minimum price – $92.85 . Oil grade/date | October 31, 2022 | November 1, 2022 | November 2, 2022 | November 3, 2022 | November 4, 2022 | Average price | Azeri LT CIF | $95.50 | $97.57 | $99.54 | $98.26 | $100.87 | $98.35 | Azeri Light FOB Ceyhan | $93.34 | $95.49 | $97.45 | $96.21 | $98.81 | $96.26 | Urals (EX NOVO) | $67.35 | $67.92 | $69.9 | $68.17 | $70.8 | $68.83 | Brent Dated | $92.85 | $94.93 | $97 | $95.81 | $98.73 | $95.86 |
(1 USD = 1.7 AZN on November 7)
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