Today.Az » Business » Weekly review of Azerbaijan's oil market
29 October 2022 [19:51] - Today.Az
By Trend Azerbaijani oil prices have increased this week, Trend reports. The average price for Azeri Light CIF oil, produced at the Azeri-Chirag-Gunashli (ACG) field, equaled $96.18 per barrel, up by $2.18 (2.3 percent) compared to the previous price. The maximum price for Azeri Light CIF oil amounted to $97.67 per barrel, while the minimum price was $94.8. The average price of Azeri LT FOB Ceyhan totaled $94.02 per barrel this week, growing by $2.19 (2.4 percent) compared to the previous indicator. The maximum price for Azeri LT FOB Ceyhan amounted to $95.51 per barrel, while the minimum price was $92.66. The average price of URALS oil sold by Azerbaijan in the Russian Port of Novorossiysk reached $67.52 per barrel this week, which was $3.86 (6.06 percent) more than in the previous week. The maximum price for URALS oil amounted to $69.54 per barrel, while the minimum price – $65.33. 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 $93.17 per barrel this week, thus rising by $2.42 (2.6 percent). The maximum price for Brent Dated amounted to $95.01 per barrel, while the minimum price – $91.41. Oil grade/date | October 24, 2022 | October 25, 2022 | October 26, 2022 | October 27, 2022 | October 28, 2022 | Average price | Azeri LT CIF | $94.80 | $95.06 | $96.73 | $97.67 | $96.61 | $96.18 | Azeri Light FOB Ceyhan | $92.66 | $92.90 | $94.57 | $95.51 | $94.45 | $94.02 | Urals (EX NOVO) | $65.33 | $65.69 | $68.59 | $69.54 | $68.45 | $67.52 | Brent Dated | $91.41 | $91.56 | $93.82 | $95.01 | $94.03 | $93.17 |
(1 USD = 1.7 AZN on October 29)
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