Weekly Review Of Azerbaijan's Oil Market
(MENAFN- Trend News Agency) BAKU, Azerbaijan, July 9. 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 $80.05
per barrel, up by $2.75 (3.55 percent) compared to the previous
price.
The maximum price for Azeri Light CIF oil reached
$81.76 per barrel, while the minimum price was $79.18.
The average price of Azeri LT FOB Ceyhan totaled
$75.73 per barrel this week, more by $3.01 (3.97 percent) compared
to the previous price.
The maximum price for Azeri LT FOB Ceyhan amounted to
$80.51 per barrel, while the minimum price was $77.81.
The average price of URALS oil sold by Azerbaijan in
the Russian Port of Novorossiysk made up $56.70 per barrel this
week, which was $3.95 (7.48 percent) more than in the previous
week.
The maximum price for URALS oil amounted to $58.96 per
barrel, while the minimum price – $55.43. 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 $76.38 per
barrel this week, increasing by $2.83 (3.84 percent).
The maximum price for Brent Dated amounted to $77.94
per barrel, while the minimum price – $75.53.
| Oil grade/date | July 3 | July 4 | July 5 | July 6 | July 7 | Average price |
| Azeri LT CIF | $79.18 | $79.59 | $80.44 | $79.28 | $81.76 | $80.05 |
| Azeri Light FOB Ceyhan | $77.81 | $78.28 | $79.11 | $78 | $80.51 | $78.74 |
| Urals (EX NOVO) | $55.43 | $56.12 | $56.87 | $56.07 | $58.96 | $56.70 |
| Brent Dated | $75.53 | $76 | $76.86 | $75.59 | $77.94 | $76.38 |
(1 USD = 1.7 AZN on July 9, 2023)
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