Weekly Review Of Azerbaijan's Oil Market

2023-12-30 05:16:31

(MENAFN- Trend News Agency) BAKU, Azerbaijan, December 30. Oil prices in Azerbaijan increased this week, Trend reports.

The average price of Azeri LT CIF Augusta crude oil, produced in the Azeri-Chirag-Gunashli block of Azerbaijani fields, dropped by $1.17 (1.39 percent) from the previous week to $82.98 per barrel.

During the reporting period, the highest price was $84.51 per barrel, and the lowest was $81.56 per barrel.

Furthermore, the average price of Azeri Light oil based on FOB in the Turkish port of Ceyhan this week was $81.61 per barrel, a $0.83 (1.01 percent) decrease from the previous week. The highest price was $82.71 per barrel, while the lowest was $79.92.

The average price of URALS crude oil fell by $1.33 (1.65 percent) from the previous week to $79.19 per barrel. The greatest price for URALS was $80.85 per barrel, while the lowest price was $77.59 per barrel.

The average price for Brent crude oil decreased by $1.33 (1.65 percent) and amounted to $79.19 per barrel. The maximum price for Brent reached $80.85 per barrel, and the minimum – $77.59 per barrel.

Oil type	December 27, 2023	December 28, 2023	December 29, 2023	Average price
Azeri LT CIF	$84.51	$82.87	$81.56	$82.98
Azeri Light FOB Ceyhan	$82.71	$82.21	$79.92	$81.61
Urals (EX NOVO)	$62.01	$60.43	$59.16	$60.53
Dated Brent	$80.85	$79.12	$77.59	$79.19

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