Weekly Review Of Azerbaijan's Oil Market
Date
6/19/2023 2:09:55 AM
(MENAFN- Trend News Agency) BAKU, Azerbaijan, June 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 $78.88 per barrel, up by
$2.34 (1.85 percent) compared to the previous price.
The maximum price for Azeri Light CIF oil amounted to $78.58 per
barrel, while the minimum price was $75.1.
The average price of Azeri LT FOB Ceyhan totaled $75.58 per
barrel this week, more by $1.8 (2.33 percent) compared to the
previous price.
The maximum price for Azeri LT FOB Ceyhan amounted to $77.12 per
barrel, while the minimum price was $73.58.
The average price of URALS oil sold by Azerbaijan in the Russian
Port of Novorossiysk made up $51.58 per barrel this week, which was
$1.19 (2.26 percent) more than in the previous week.
The maximum price for URALS oil amounted to $53.59 per barrel,
while the minimum price – $49.44. 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 $74.01 per barrel
this week, decreasing by $2.32 (3.04 percent).
The maximum price for Brent Dated amounted to $75.26 per barrel,
while the minimum price – $72.74.
| Oil grade/date | June 12 | June 13 | June 14 | June 15 | June 16 | Average price |
| Azeri LT CIF | $75.1 | $76.77 | $76.96 | $77.76 | $78.58 | $77.03 |
| Azeri Light FOB Ceyhan | $73.58 | $75.34 | $75.51 | $76.33 | $77.12 | $75.58 |
| Urals (EX NOVO) | $49.44 | $51 | $51.07 | $52.78 | $53.59 | $51.58 |
| Brent Dated | $72.46 | $73.95 | $73.87 | $74.51 | $75.26 | $74.01 |
(1 USD = 1.7 AZN on June 17, 2023)
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