Weekly Review Of Azerbaijani Oil Prices

(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





Average price

Azeri LT CIF






Azeri Light FOB Ceyhan






Urals (EX NOVO)






Dated Brent






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