Weekly review of Azerbaijan's oil market

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 $115.06 per barrel, having risen by $7.27 (6.74 percent) compared to the previous price.

The maximum price for Azeri Light CIF oil amounted to $119.04 per barrel, while the minimum price – was $110.7.

The average price of Azeri LT FOB Ceyhan totaled $113.83 per barrel this week, up by $7.35 (6.9 percent) compared to the previous indicator.

The maximum price for Azeri LT FOB Ceyhan amounted to $117.82 per barrel, while the minimum price was $109.49.

The average price of URALS oil sold by Azerbaijan in the Russian Port of Novorossiysk reached $73.85 per barrel this week, which was $7 (10.47 percent) more than in the previous week.

The maximum price for URALS oil amounted to $77.89 per barrel, while the minimum price – was $69.42.

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 $110.47 per barrel this week, thus increasing by $7.16 (6.93 percent).

The maximum price for Brent Dated amounted to $114.33 per barrel, while the minimum price – was $106.13.

(1 USD = 1.7 AZN on May 7)