Review of 13 world oil prices for Nov. 14-18

Azerbaijan, Baku, Nov. 21 / Trend A.Badalova /

The average spot price in 13 varieties (including North American) last week (Nov. 14-18) amounted to $110.35 per barrel compared to $112.01 per barrel the previous week.

The highest average price was observed on the Malaysian Tapis, which amounted to $122.39 per barrel compared to $124.81 per barrel the previous week. This type is used as a reference for the oil-producing zone of the Far East. Tapis's density is 45.5-degrees API with a 0.1-percent sulfur content.

The average spot price for the Minas oil produced in Indonesia last week decreased by $1.66 per barrel to $115.22 per barrel last week. The price for Minas is used in setting prices for other brands of oil exports in the Gulf region. Its density is 35.3-degrees API, with a 0.09-percent sulfur content.

Last week, the average spot price for the benchmark grade of oil from the Middle East Oman hit $114.04 per barrel compared to $113.27 per barrel the previous week. The density of the Oman oil is 36.3-degrees API, with a 0.8-percent sulfur content.

Average price for the Bonny Light oil produced in Nigeria hit $112.78 per barrel compared to $117.09 the previous week. The density of Bonny Light, used to determine the price of other brands of oil exports in the Gulf, is 33.4-degrees API with a 0.16-percent sulfur content.

Last week average price for North Sea Oseberg oil decreased by $3.97 per barrel to $112.57 per barrel. The density of Oseberg is 37.8-degrees API with a 0.27-percent sulfur content.

The average spot price for the OPEC oil basket hit $112.2 per barrel compared to $111.52 per barrel the previous week. The OPEC's price is the average index of physical prices for the following 11 grades of oil: Saharan Blend (Algeria), Girassol (Angola), Oriente (Ecuador), Iran Heavy (Iran), Basra Light (Iraq), Kuwait Export (Kuwait), Es Sider (Libya), Bonny Light (Nigeria), Qatar Marine (Qatar), Arab Light (Saudi Arabia), Murban (UAE) and Merey (Venezuela).

The price of Brent last week amounted $111.65 per barrel compared to $115.4 the previous week. Brent Dated's density is 38.6-39 -degrees API, with up to 1-percent sulfur content.

Average spot price for the high-sulfur oil Urals, which is a mixture of oil produced in the Khanty-Mansi Autonomous District and Tatarstan was at $110.88 per barrel compared to $114.87 per barrel the previous week. The main producers of Urals oil is the Rosneft, Lukoil, Surgutneftegaz, Gazprom Neft, TNK-BP and Tatneft companies. Abroad, this oil is known under the name Siberian Light. In Russia, oil futures for Urals are traded on the FORTS market at the RTS stock exchange.

The average spot price for North Sea Forties was at $110.78 per barrel compared to $115.11 per barrel the previous week. Forties has a low sulfur content and high potential to produce gasoline. Its density is about 40.3-degrees API with a 0.56-percent sulfur content.

Average spot price for the American Mars last week decreased by $3.23 per barrel to $108.38 per barrel. Mars's density is 28.9-degrees API with a 2.05-percent sulfur content.

Last week, the average spot price for a marker grade of oil produced in Dubai and used as a benchmark in setting prices of other brands of oil exports in the Gulf region Dubai Crude kept unchanged at $105.83 per barrel. Dubai Crude is light oil whose density is 31 degrees-API with a 2-percent sulfur content.

The average spot price for the American West Texas Intermediate (WTI) last week increased by $2.39 per barrel to $99.32 per barrel. WTI's density is 40-degrees API with a 0.4-05-percent sulfur content. This oil is mainly used to produce gasoline and therefore the demand is high, particularly in the U.S. and China.

The lowest average spot price was observed for the American WTS crude oil, which increased by $2.57 per barrel to $98.78 per barrel. The density of WTS is not less than 30 degrees-API with a 2.5-percent sulfur content.

Energy Intelligence Group provides Trend Agency with daily oil price quotas.

NCOC talks Marine Access Channels Project plans at Kazakh Kashagan field
NCOC talks Marine Access Channels Project plans at Kazakh Kashagan field
Uzbekistan’s Central Bank notes decrease of inflation rate
Uzbekistan’s Central Bank notes decrease of inflation rate
EAG working on assessing Turkmenistan's compliance with FATF recommendations
EAG working on assessing Turkmenistan's compliance with FATF recommendations
Loading Bars
Latest
Georgia opens 69-th online session of UN Economic Commission for Europe
World community must know about Armenian atrocities in Azerbaijan – French lawyer
PM Modi announces India-US partnership on climate, clean energy
Azerbaijan Airlines to start operating special flights to London
Building of Azerbaijan’s Mud Volcanoes Tourism Complex to look like crater from above
Strengthening confidence-building measures in Azerbaijan-Armenia relations most important - Russian MFA
Georgia publishes budget performance report of 1Q2021
French lawyers arrive in Azerbaijan’s Ganja city, shelled by Armenia during war (PHOTO)
EIB financing helped to launch 60 satellites into space in 2020
EIB likely to support dev’t of renewable energy sphere in Azerbaijan
Azerbaijan shares data on number of vaccinated citizens for Apr. 22
Azerbaijan confirms 2,047 more COVID-19 cases, 2,610 recoveries
Baku entitled to demand compensation from Armenia – Russian political analyst
IATA revises 2021 forecasts of world airlines losses
Azerbaijan to open tourism bureau in Israel
Belarus to supply components for Azerbaijan to assemble tractors in 2021
Several more Russian airlines allowed to operate flights to Baku
EIB exploring new project ideas to support digitalization across Eastern Partnership
SOCAR won't participate in sales of Antipinski Refinery’s property
NCOC talks Marine Access Channels Project plans at Kazakh Kashagan field
Azerbaijan's Aghdam in complete ruins - French lawyer
Uzbekistan’s Central Bank notes decrease of inflation rate
EAG working on assessing Turkmenistan's compliance with FATF recommendations
Uzbekistan GTL to buy pipes via tender
Kazakhstan’s KazTransOil to pay out dividends for 2020
Economy Ministry shares data on revenues from Azerbaijan's non-oil and gas sector
Turkmenistan elected member of Executive Board of UN Entity for Gender Equality, Empowerment of Women
Historical monuments in Azerbaijan's Aghdam vandalized - French criminal justice attorney
Kazakhstan’s KazTransOil decreases oil transshipment volumes in 1Q2021
Turkmenistan increases processing of agricultural products
Turkmen company exports tomatoes to Austria
Autoclave gas blocks plant construction launched in Kazakhstan's Turkestan
Azerbaijan's Nakhchivan launches new communication facilities in 1Q2021
Azerbaijan's Nakhchivan sees decrease in insurance portfolio for 1Q2021
Iran’s Bahar Azadi gold coin price again falling
Azerbaijan's Nakhchivan State Statistical Committee shares data on reconstruction of roads
Equinor to electrify over 35% of its total oil & gas output base by 2025
Russia leads among countries exporting goods to Azerbaijan
Iran’s CBI allocates funds for import of essential products
Output from Georgian Enguri HPP to increase after reconstruction - Director of Enguri HPP
Azerbaijan shares footage from Jabrayil's Shahverdili village (VIDEO)
Tesla opens Tel Aviv pop-up store
Russian airline receives permission to operate flights to Uzbekistan
Uzbekistan’s 3M2021 retail trade turnover of small business decreases
Number of bank accounts increases in Azerbaijan’s Nakhchivan
American Airlines loss narrows as travel demand picks up
Azerbaijan jointly with Russia sets up car manufacturing enterprise
Number of innovative companies worldwide grows
Kazakhstan boosts production of coal, some petroleum products
Swiss president heads for damage-control EU summit
Etihad Airways to stop operating Boeing 777-300ER jets this year
Installation of info boards on roads leading to Azerbaijan's liberated lands continues (VIDEO)
French human rights activists visiting Azerbaijan's Aghdam (PHOTO)
Georgia increases imports of tomatoes from Azerbaijan
Israeli airline to organize charter flights to Uzbekistan’s Tashkent
Kazakh president points out need to timely oversee major oil projects
US must choose between real ally Ankara and fictional history - Turkish presidential administration
Kazakhstan's trade with Italy down
Uzbekistan boosts import of electric cars
Azerbaijan names winner of auction for right to develop clay field in Goygol
Azerbaijan implementing "Smart Grid" concept in Sugovushan settlement (VIDEO)
Кazakh Electricity Grid Operating Company to buy spares via tender
Uzbekistan exports dried fruits to Malaysia through Turkey
Area of agricultural land in Iran equipped with modern irrigation systems growing
ADB introducing blockchain-based food tracking project in Azerbaijan
Iran reveals COVID-19 data for April 22
Azerbaijan publishes 1Q2021 data on lending to economy
Azerbaijan clears Sugovushan, Talyshkend from mines for construction of power transmission lines (PHOTO)
Several facilities put into operation in Iran's agricultural sector
Azerbaijani president, first lady attend ceremony of laying foundation of Mud Volcanoes Tourism Complex (PHOTO)
Georgia exports ignificant number of tractors, trucks to Azerbaijan
International revenue of Halliburton up amid increased software sales
Iran launches implementation of project on Cheshmeh Khosh oil field
Halliburton sees decrease in operating income
Azerbaijani banks' demand for foreign currency exponentially up
Turkmenistan increases production of vegetables, berries
Uzbek-Korean JV announces tender for consumables
Earth Day 2021: An unprecedented opportunity to restore our Earth
Azerbaijan's Nakhchivan launches work on industrial projects in 1Q2021
Georgia reports 1,226 new cases of coronavirus for April 22
Turkey says France boosts import of domestic cars
Armenia commits provocations on state border with Azerbaijan
UAE's Universal Tubes and India's Tata in world's first blockchain-led trade finance for steel
Cargo transportation at Turkey's Adana airport reduces
Georgian wine exports to Azerbaijan see growth
Uzbekistan’s passenger cars production down in 1Q2021
Value of Turkey's grains, legumes export to Uzbekistan spikes in Mar.2021
Armenia planted plastic mines in liberated Sugovushan village - Azerbaijan's Mine Action Agency (VIDEO)
Russian GDP growth outlook downgraded to 2.9% for 2021
Inflation rate in Iran increases
Renault revenue falls for fifth quarter in a row
Turkey's 1Q2021 chemicals exports to Russia increase
Azerbaijani ministry appoints acting general director of Aztelekom LLC
Karabakh agreement - very important step in protection of human rights - German MFA
Georgian beer exports to Azerbaijan up
Turkmen carpet-making enterprise publishes production data for 1Q2021
ADB initiating program to support SMEs in Uzbekistan
Iran supplies agricultural machinery to farmers
Interconnections to increase Bulgaria’s gas market capacity by 10 bcm
Volume of loaded, unloaded cargo in Iranian ports decreases
All news