Tuesday, 02 January 2024 12:17 GMT

Weekly Review Of Azerbaijani Oil Prices


(MENAFN- Trend News Agency) BAKU, Azerbaijan, October 18. The average values of Azeri Light CIF, Azeri Light FOB Ceyhan, Urals (EX NOVO), and Dated Brent crude oil have decreased this week, Trend reports.

The average price of Azeri Light CIF oil produced at Azerbaijan's Azeri-Chirag-Gunashli field fell by $5.15, or 7.4 percent, compared to last week, to $63.99 per barrel. The highest price for this grade of oil during the reporting period came in at $66.28 per barrel, while the lowest dropped down to $62.17 per barrel.

This week, the average price of Azeri Light crude oil on FOB terms at the Turkish port of Ceyhan was $62.26 per barrel, which is $5.25, or 7.8 percent, less than a week before. During the reporting period, the maximum price for this grade of oil was $64.64 per barrel, and the minimum price was $60.25 per barrel.

URALS oil averaged $50.28 per barrel, down $4.14, or 7.6 percent, from last week. The highest price for URALS oil during the week was $51.75 per barrel, and the lowest was $49.07 per barrel.

Dated Brent crude oil averaged $64.26 per barrel for the week, down $4.59, or 6.8 percent, from last week. The highest price for Dated Brent crude oil for the week was $64.26 per barrel, and the lowest was $60.91 per barrel.

Oil type/date

13.10.2025

14.10.2025

15.10.2025

16.10.2025

17.10.2025

Average price

Azeri LT CIF

$66.28

$64.11

$64.26

$63.15

$62.17

$63.99

Azeri Light FOB Ceyhan

$64.64

$62.44

$62.55

$61.41

$60.25

$62.26

Urals (EX NOVO)

$51.75

$50.24

$50.41

$49.91

$49.07

$50.28

Dated Brent

$64.26

$62.58

$62.61

$61.78

$60.91

$62.43

MENAFN18102025000187011040ID1110215000



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.