Weekly Review Of Azerbaijan's Oil Prices
Date
2/24/2024 5:11:25 AM
(MENAFN- Trend News Agency) BAKU, Azerbaijan, February 24. Oil prices in
Azerbaijan have diverged this week, Trend reports.
The average price of Azeri Light oil on a CIF basis, produced at
the Azeri-Chirag-Gunashli field in Azerbaijan, increased by three
cents (0.04 percent) compared to last week and amounted to $87.42
per barrel. The maximum price for this period reached $88.31 per
barrel, while the minimum price reached $86.11 per barrel.
In the current week, the average price of Azeri Light crude oil
FOB at the Turkish port of Ceyhan amounted to $85.81 per barrel, up
15 cents, or 0.17 percent, from last week. The maximum price was
$86.63 per barrel, and the minimum was $84.75 per barrel.
The average price of URALS crude oil lowered by 17 cents (0.26
percent) from last week to $66.35 per barrel. The maximum price for
URALS reached $67.28 per barrel, and the minimum price reached
$65.33 per barrel.
The average price for the benchmark oil grade Dated Brent
decreased by 25 cents (0.29 percent) to $85.22 per barrel. The
maximum price for Dated Brent reached $86.51 per barrel, and the
minimum - $83.72 per barrel.
Oil grade/date | 19.02.2024 | 20.02.2024 | 21.02.2024 | 22.02.2024 | 23.02.2024 | Average price |
Azeri LT CIF | $88.31 | $86.93 | $87.62 | $88.14 | $86.11 | $87.42 |
Azeri Light FOB Ceyhan | $86.55 | $85.16 | $85.94 | $86.63 | $84.75 | $85.81 |
Urals (EX NOVO) | $67.28 | $65.87 | $66.48 | $66.78 | $65.33 | $66.35 |
Dated Brent | $86.51 | $84.89 | $85.45 | $85.52 | $83.72 | $85.22 |
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