Weekly Review Of Azerbaijani Oil Prices

2025-01-04 05:09:49

(MENAFN- Trend News Agency) BAKU, Azerbaijan, January 4. Oil prices in Azerbaijan have grown this week, Trend reports.

The average price of Azeri Light crude oil on a CIF basis produced at Azerbaijan's Azeri-Chirag-Gunashli field rose by $2.56 (3.4 percent) compared to last week and amounted to $77.81 per barrel. The maximum price during the period reached $79 per barrel, while the minimum price reached $76.45 per barrel.

Azeri Light crude oil price averaged $76.54 per barrel FOB at the Turkish port of Ceyhan this week, which is $2.64 (3.57 percent) more than last week. The highest price was $77.73 per barrel, and the lowest was $75.17 per barrel.

The URALS crude oil price averaged $2.79 (4.59 percent) higher than last week at $63.5 per barrel. The top price for URALS reached $64.82 per barrel, while the minimum price was $61.95 per barrel.

The benchmark Dated Brent crude oil average price hiked by $2.45 (3.35 percent) to $75.51 per barrel. The highest price for Dated Brent reached $76.76 per barrel, and the lowest was $74.08 per barrel.

Oil grade/date	30.12.2024	31.12.2024	02.01.2025	03.01.2025	Average price
Azeri LT CIF	$76.45	$77	$78.78	$79	$77.81
Azeri Light FOB Ceyhan	$75.17	$75.74	$77.52	$77.73	$76.54
Urals (EX NOVO)	$61.95	$62.56	$64.66	$64.82	$63.5
Dated Brent	$74.08	$74.65	$76.53	$76.76	$75.51

MENAFN04012025000187011040ID1109054263

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.