Today.Az » Business » Weekly review of Azerbaijan's oil market
11 June 2022 [17:46] - Today.Az
By Trend Azerbaijani oil prices grew this week, Trend reports. The average price for Azeri Light CIF oil, produced at the Azeri-Chirag-Gunashli (ACG) field, equaled $129.03 per barrel, having increased by $2.66 (2.1 percent) compared to the previous price. The maximum price for Azeri Light CIF oil amounted to $131.15 per barrel, while the minimum price – was $127.13. The average price of Azeri LT FOB Ceyhan totaled $127.88 per barrel this week, up by $2.57 (2.05 percent) compared to the previous indicator. The maximum price for Azeri LT FOB Ceyhan amounted to $129.90 per barrel, while the minimum price was $126.07. The average price of URALS oil sold by Azerbaijan in the Russian Port of Novorossiysk reached $87.5 per barrel this week, which was $4.15 (4.97 percent) more than in the previous week. The maximum price for URALS oil amounted to $89.63 per barrel, while the minimum price – was $85.55. 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 $127.05 per barrel this week, thus increasing by $5.44 (4.47 percent). The maximum price for Brent Dated amounted to $128.93 per barrel, while the minimum price – was $124.68. Oil grade/date | June 6, 2022 | June 7, 2022 | June 8, 2022 | June 9, 2022 | June 10, 2022 | Average price | Azeri LT CIF | $127.13 | $127.94 | $130.02 | $131.15 | $128.93 | $129.03 | Azeri Light FOB Ceyhan | $126.07 | $126.88 | $128.95 | $129.90 | $127.61 | $127.88 | Urals (EX NOVO) | $85.55 | $86.39 | $88.50 | $89.63 | $87.43 | $87.50 | Brent Dated | $124.68 | $125.80 | $128.29 | $128.93 | $127.55 | $127.05 |
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