Weekly Review Of Azerbaijan's Oil Market
Date
5/20/2023 5:10:11 AM
(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)
MENAFN20052023000187011040ID1106280566
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.