(MENAFN- Trend News Agency) BAKU, Azerbaijan, May 20. 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, lowered by $0.18 (0.23 percent)
and amounted to $78.61 per barrel, compared to the previous
price.
The maximum price for Azeri Light CIF oil amounted to $79.22 per
barrel, while the minimum price was $77.87.
The average price of Azeri LT FOB Ceyhan totaled $76.72 per
barrel this week, decreasing by $0.45 (0.06 percent) compared to
the previous price.
The maximum price for Azeri LT FOB Ceyhan amounted to $77.29 per
barrel, while the minimum price was $76.05.
The average price of URALS oil sold by Azerbaijan in the Russian
Port of Novorossiysk made up $50.5 per barrel this week, which is
$0.03 (0.06 percent) less than in the previous week.
The maximum price for URALS oil amounted to $51.08 per barrel,
while the minimum price – $49.77. 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 $75.76 per barrel
this week, decreasing by $0.37 (0.48 percent).
The maximum price for Brent Dated amounted to $76.33 per barrel,
while the minimum price – $75.15.
| Oil grade/date | May 15 | May 16 | May 17 | May 18 | May 19 | Average price |
| Azeri LT CIF | $78.18 | $77.87 | $79.22 | $78.96 | $78.81 | $78.61 |
| Azeri Light FOB Ceyhan | $76.40 | $76.05 | $77.29 | $77.03 | $76.82 | $76.72 |
| Urals (EX NOVO) | $49.95 | $49.77 | $51.08 | $50.81 | $50.83 | $50.50 |
| Brent Dated | $75.44 | $75.15 | $76.33 | $75.95 | $75.93 | $75.76 |
(1 USD = 1.7 AZN on May 20, 2023)
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