Weekly Review Of Azerbaijan's Oil Market| MENAFN.COM

Friday, 12 August 2022 09:00 GMT

Weekly Review Of Azerbaijan's Oil Market


(MENAFN- Trend News Agency)

BAKU, Azerbaijan, August 6. Azerbaijani oil prices dropped this week, Trend reports.

The average price for Azeri Light CIF oil, produced at the Azeri-Chirag-Gunashli (ACG) field, equaled $101.56 per barrel, having decreased by $9.8 (8.8 percent) compared to the previous price.

The maximum price for Azeri Light CIF oil amounted to $105.97 per barrel, while the minimum price – was $96.61.

The average price of Azeri LT FOB Ceyhan totaled $99.61 per barrel this week, down by $9.53 (8.73 percent) compared to the previous indicator.

The maximum price for Azeri LT FOB Ceyhan amounted to $103.81 per barrel, while the minimum price was $94.83.

The average price of URALS oil sold by Azerbaijan in the Russian Port of Novorossiysk reached $63.73 per barrel this week, which was $5.13 (7.45 percent) less than in the previous week.

The maximum price for URALS oil amounted to $65.83 per barrel, while the minimum price – was $59.92.

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 $103.2 per barrel this week, thus reducing by $7.76 (7 percent).

The maximum price for Brent Dated amounted to $107.07 per barrel, while the minimum price – was $97.77.

Oil grade/date

August 1, 2022

August 2, 2022

August 3, 2022

August 4, 2022

August 5, 2022

Average price

Azeri LT CIF

$105.97

$104.57

$102.19

$96.61

$98.45

$101.56

Azeri Light FOB Ceyhan

$103.81

$102.40

$100.29

$94.83

$96.70

$99.61

Urals (EX NOVO)

$65.78

$65.83

$63.71

$59.92

$63.39

$63.73

Brent Dated

$107.07

$106.56

$103.15

$97.77

$101.41

$103.20

(1 USD = 1.7 AZN on August 6)

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