Weekly analysis of Azerbaijan's oil market

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.