Weekly Review Of Azerbaijani Oil Prices
Date
5/14/2024 10:51:20 PM
(MENAFN- Trend News Agency) BAKU, Azerbaijan, May 11. Azerbaijani oilprices declined this week, Trend reports.Produced at Azerbaijan's Azeri-Chirag-Gunashli field, theaverage price of Azeri Light oil on a CIF basis dropped by $2.33(2.67 percent) from last week to $85.01 per barrel. The maximumprice during the period reached $85.23 per barrel, while theminimum price was $84.55 per barrel.
This week, the average price of Azeri Light crude oil FOB at theTurkish port of Ceyhan amounted to $83.5 per barrel, down $2.28, or2.66 percent, from last week. The maximum price was $83.72 perbarrel, and the minimum was $83.06 per barrel.
The URALS crude oil price averaged $2.07 (three percent) lowerthan last week at $66.87 per barrel. The maximum price for URALSreached $67.15 per barrel, and the minimum price reached $66.25 perbarrel.
The benchmark Dated Brent crude oil average price fell by $2.81(3.27 percent) to $82.99 per barrel. The maximum price for DatedBrent reached $83.45 per barrel, and the minimum was $82.11 perbarrel.
| Oil grade/date | 07.05.2024 | 08.05.2024 | 09.05.2024 | 10.05.2024 | Average price |
| Azeri LT CIF | $84.55 | $85.21 | $85.23 | $85.06 | $85.01 |
| Azeri Light FOB Ceyhan | $83.06 | $83.72 | $83.7 | $83.52 | $83.5 |
| Urals (EX NOVO) | $66.25 | $67.13 | $67.15 | $66.93 | $66.87 |
| Dated Brent | $82.11 | $83.32 | $83.45 | $83.08 | $82.99 |
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