(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
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