(MENAFN- Trend News Agency)
BAKU, Azerbaijan, May 16. Oil prices fell last
week, Trend reports.
During the reporting period, the average price of Azeri LT CIF
Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG)
field, decreased by $2.21 (1.92 percent) compared to the previous
week and reached $112.85 per barrel. The maximum price for Azeri LT
CIF Augusta was $117.25 per barrel in the reporting period, the
minimum was $108.77.
Last week, the average price of Azeri LT FOB Ceyhan amounted to
$111.65 per barrel, which is $2.18 (1.91 percent) more than the
week before last. The maximum price for Azeri LT FOB Ceyhan was
$116.08 per barrel in the reporting period, the minimum was
$107.55.
Azerbaijan also sells its URALS oil from the Russian Black Sea
port of Novorossiysk, delivering it through the Baku-Novorossiysk
pipeline.
The average price of URALS oil decreased by $2.62 (3.54 percent)
last week compared to the week before last and amounted to $71.23
per barrel. The maximum price for URALS was $74.75 per barrel, the
minimum was $67.6.
Meanwhile, the average price for the reference grade of Brent
Dated oil decreased by 2.57 percent (or $2.84) as a result of last
week, to $107.63 per barrel. The maximum price for Brent was
$111.35 per barrel, the minimum was $103.87 per barrel.
Oil grade/Date | 09.05.22 | 10.05.22 | 11.05.22 | 12.05.22 | 13.05.22 | Average price |
Azeri LT CIF | $111.55 | $108.77 | $112.73 | $113.98 | $117.25 | $112.85 |
Azeri Light FOB Ceyhan | $110.33 | $107.55 | $111.52 | $112.79 | $116.08 | $111.65 |
Urals (EX NOVO) | $70.40 | $67.60 | $71.19 | $72.22 | $74.75 | $71.23 |
Brent Dated | $106.74 | $103.87 | $107.48 | $108.70 | $111.35 | $107.63 |
Tags:
- oil prices
- Azerbaijan
- Weekly review
MENAFN16052022000187011040ID1104219756
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.