Weekly Review Of Azerbaijan's Oil Market
Date
3/19/2023 3:03:18 AM
(MENAFN- Trend News Agency) BAKU, Azerbaijan, March 19. Azerbaijani oil prices have decreased this week, trend reports.
The average price for the Azeri Light CIF oil,
produced at the Azeri-Chirag-Gunashli (ACG) field, equaled $78.22
per barrel, down by $7.68 (8.94 percent) compared to the previous
price.
The maximum price for Azeri Light CIF oil amounted to
$83.6 per barrel, while the minimum price was $75.4.
The average price of Azeri LT FOB Ceyhan totaled
$76.34 per barrel this week, lower by $7.7 (9.16 percent) compared
to the previous price.
The maximum price for Azeri LT FOB Ceyhan amounted to
$81.86 per barrel, while the minimum price was $73.37.
The average price of URALS oil sold by Azerbaijan in
the Russian Port of Novorossiysk made up $41.55 per barrel this
week, which was $6.12 (12.84 percent) less than in the previous
week.
The maximum price for URALS oil amounted to $46.64 per
barrel, while the minimum price – $38.78. 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 settled at $75.45 per
barrel this week, decreasing by $8.09 or 9.68 percent.
The maximum price for Brent Dated amounted to $81.18
per barrel, while the minimum price – $72.28.
| Oil grade/date
| March 13 | March 14 | March 15 | March 16 | March 17 | Average price |
| Azeri LT CIF | $83.60 | $81.41 | $74.42 | $76.25 | $75.40 | $78.22 |
| Azeri Light FOB Ceyhan | $81.86 | $79.63 | $72.59 | $74.25 | $73.37 | $76.34 |
| Urals (EX NOVO) | $46.64 | $44.84 | $37.84 | $39.64 | $38.78 | $41.55 |
| Brent Dated | $81.18 | $78.84 | $71.84 | $73.14 | $72.28 | $75.45 |
(1 USD = 1.7 AZN on March 19, 2023)
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