Today.Az » Business » Weekly analysis of Azerbaijan's oil market
02 January 2023 [16:11] - Today.Az
The price of oil in Azerbaijan has changed recently, Azernews reports. The average price for Azeri Light CIF oil, produced at the Azeri-Chirag-Gunashli (ACG) field, equaled $87.76 per barrel, up by $1.86 (2.16 percent) compared to the previous price. The maximum price for Azeri Light CIF oil amounted to $88.08 per barrel, while the minimum price was $87.48. The average price of Azeri LT FOB Ceyhan totaled $86.09 per barrel last week, growing by $1.86 (2.21 percent) compared to the previous indicator. The maximum price for Azeri LT FOB Ceyhan amounted to $86.36 per barrel, while the minimum price was $85.8. The average price of URALS oil sold by Azerbaijan in the Russian Port of Novorossiysk reached $44.75 per barrel last week, which was $1.15 (2.64 percent) more than in the previous week. The maximum price for URALS oil amounted to $44.92 per barrel, while the minimum price – $44.67. 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 $81.05 per barrel last week, thus rising by 91 cents (1.13 percent). The maximum price for Brent Dated amounted to $81.33 per barrel, while the minimum price – $80.69. Oil grade/date | December 28, 2022 | December 29, 2022 | December 30, 2022 | Average price | Azeri LT CIF | $87.73 | $87.48 | $88.08 | $87.76 | Azeri Light FOB Ceyhan | $86.1 | $85.8 | $86.39 | $86.09 | Urals (EX NOVO) | $44.92 | $44.67 | $44.67 | $44.75 | Brent Dated | $81.14 | $80.69 | $81.33 | $81.05 |
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