Weekly Review Of Azerbaijan's Oil Market
Date
12/30/2023 5:16:31 AM
(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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