Weekly review of Azerbaijani oil prices| MENAFN.COM

Wednesday, 28 September 2022 07:07 GMT

Weekly review of Azerbaijani oil prices


(MENAFN- Trend News Agency)

BAKU, Azerbaijan, Dec. 6

By Sadraddin Aghjayev - Trend:

Azerbaijani oil prices decreased last week, Trend reports.

The average price for Azeri Light CIF oil, produced at the Azeri-Chirag-Gunashli (ACG) field, made up $72.86 per barrel, having decreased by $8.2 (10.1 percent) compared to the previous price.

The maximum price for Azeri Light CIF oil amounted to $75.6 per barrel, while the minimum - $71.38 last week.

The average price of Azeri LT FOB Ceyhan amounted to $72.18 per barrel last week, down by $8.15 (10.14 percent) compared to the previous indicator.

The maximum price for Azeri LT FOB Ceyhan amounted to $74.91 per barrel, while the minimum - $70.69.

The average price of URALS oil sold by Azerbaijan in the Russian Port of Novorossiysk amounted to $68.53 per barrel last week, which is $11.91 (14.8 percent) less compared to the previous week.

The maximum price for URALS oil amounted to $71.13 per barrel, while the minimum - $67.21.

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 amounted to $80.52 per barrel last week, thus decreasing by $10.42 (12.94 percent).

The maximum price for Brent Dated amounted to $74.95 per barrel, while the minimum - $70.71.

Oil grade/date

Nov. 29, 2021

Nov. 30, 2021

Dec. 1, 2021

Dec. 2, 2021

Dec. 3, 2021

Average price

Azeri LT CIF

$75,60

$71,74

$72,86

$71,38

$72,76

$72,86

Azeri Light FOB Ceyhan

$74,91

$71,08

$72,20

$70,69

$72,06

$72,188

Urals (EX NOVO)

$71,13

$67,30

$68,45

$67,21

$68,57

$68,53

Brent Dated

$74,95

$70,96

$71,95

$70,71

$71,92

$70,1

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Follow the author on Twitter: @agdzhaev

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