Weekly review of Azerbaijani oil market


(MENAFN- AzerNews) By Trend

Azerbaijani oil prices notably increased last week, Trend  reports on Sept.20.

The average price for Azeri Light CIF oil, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, made up $75.66 per barrel, having grown by $2.66 (3.6 percent) compared to the previous price.

Last week, the maximum price for Azeri Light CIF oil amounted to $77.19 per barrel, while the minimum - $73.98.

The average price of Azeri LT FOB Ceyhan amounted to $74.93 per barrel last week, up by $2.6 (3.6 percent) compared to the previous indicator.

The maximum price for Azeri LT FOB Ceyhan amounted to $76.52 per barrel, while the minimum - $73.32.

Last week, the average price of URALS oil sold by Azerbaijan in the Russian Port of Novorossiysk amounted to $71.21 per barrel, which is $1.02 (1.5 percent) more compared to the previous week.

The maximum price for URALS oil amounted to $72.27 per barrel, while the minimum - $70.51.

Azerbaijan sells its URALS oil from the Russian Black Sea port of Novorossiysk, delivering it through the Baku-Novorossiysk oil pipeline.

Last week, the average price of Brent Dated amounted to $73.88 per barrel, which is $1.62 (2.2 percent) more compared to the previous price.

The maximum price for Brent Dated amounted to $75.17 per barrel, while the minimum - $72.84.

Oil grade/date

Sept.13, 2021

Sept.14, 2021

Sept.15, 2021

Sept.16, 2021

Sept.17, 2021

Average price

Azeri LT CIF

$73.98

$74.26

$77.19

$76.13

$76.73

$75.66

Azeri Light FOB Ceyhan

$73.32

$73.59

$76.52

$75.12

$76.08

$74.93

Urals (EX NOVO)

$70.63

$70.51

$72.27

$71.25

$71.37

$71.21

Brent Dated

$72.84

$73.1

$75.17

$74.06

$74.25

$73.88

MENAFN20092021000195011045ID1102828591


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.