Weekly Review Of Azerbaijan's Oil Market


(MENAFN- Trend News Agency) BAKU, Azerbaijan, April 1. Azerbaijani oil prices have increased this week, trend reports.

The average price for the Azeri Light CIF oil, produced at the Azeri-Chirag-Gunashli (ACG) field, equaled $80.52 per barrel, up by $3.37 (4.36 percent) compared to the previous price.

The maximum price for Azeri Light CIF oil amounted to $81.88 per barrel, while the minimum price was $78.28.

The average price of Azeri LT FOB Ceyhan totaled $78.19 per barrel this week, lower by $3.58 (4.8 percent) compared to the previous price.

The maximum price for Azeri LT FOB Ceyhan amounted to $79.79 per barrel, while the minimum price was $75.85.

The average price of URALS oil sold by Azerbaijan in the Russian Port of Novorossiysk made up $44.6 per barrel this week, which was $4 (9.85 percent) more than in the previous week.

The maximum price for URALS oil amounted to $47.39 per barrel, while the minimum price – $41.62. 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 $77.64 per barrel this week, increasing by $3.44 (4.63 percent).

The maximum price for Brent Dated amounted to $79.06 per barrel, while the minimum price – $75.26.

Oil grade/date

March 27

March 28

March 29

March 30

March 31

Average price

Azeri LT CIF

$78.28

$80.74

$80.86

$80.85

$81.88

$80.52

Azeri Light FOB Ceyhan

$75.85

$78.31

$78.48

$78.54

$79.79

$78.19

Urals (EX NOVO)

$41.62

$44.2

$44.38

$45.37

$47.39

$44.6

Brent Dated

$75.26

$77.84

$78.03

$78.03

$79.06

$77.64

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