Today.Az » Business » Weekly review of Azerbaijan's oil market
12 November 2022 [22:38] - 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 $98.6 per barrel, up by 25 cents (0.25 percent) compared to the previous price. The maximum price for Azeri Light CIF oil amounted to $102.6 per barrel, while the minimum price was $95.96. The average price of Azeri LT FOB Ceyhan totaled $96.44 per barrel this week, growing by 18 cents (0.2 percent) compared to the previous indicator. The maximum price for Azeri LT FOB Ceyhan amounted to $100.48 per barrel, while the minimum price was $93.78. The average price of URALS oil sold by Azerbaijan in the Russian Port of Novorossiysk reached $67.23 per barrel this week, which was $1.6 (2.32 percent) less than in the previous week. The maximum price for URALS oil amounted to $72.21 per barrel, while the minimum price – $64.29. 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 $97.29 per barrel this week, thus rising by $1.43 (1.5 percent). The maximum price for Brent Dated amounted to $101.72 per barrel, while the minimum price – $94.56. Oil grade/date | November 7, 2022 | November 8, 2022 | November 9, 2022 | November 10, 2022 | November 11, 2022 | Average price | Azeri LT CIF | $102.6 | $99.92 | $96.07 | $95.96 | $98.47 | $98.6 | Azeri Light FOB Ceyhan | $100.48 | $97.76 | $93.88 | $93.78 | $96.29 | $96.44 | Urals (EX NOVO) | $72.21 | $68.49 | $64.54 | $64.29 | $66.6 | $67.23 | Brent Dated | $101.72 | $98.92 | $94.78 | $94.56 | $96.78 | $97.29 |
(1 USD = 1.7 AZN on November 12)
|
