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Weekly review of Azerbaijani oil market

Oil&Gas Materials 21 June 2021 15:16 (UTC +04:00)

BAKU, Azerbaijan, June 21

By Sadraddin Aghjayev – Trend:

The average price for Azeri Light CIF oil, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, made up $75.07 per barrel last week, having risen by $3.41 (2.6 percent) compared to the previous price, Trend reports.

Last week, the maximum price for Azeri Light CIF oil amounted to $76.52 per barrel, while the minimum - $74.53.

The average price of Azeri LT FOB Ceyhan amounted to $74.42 per barrel last week, increasing by $1.57 (2.6 percent) compared to the previous indicator.

The maximum price for Azeri LT FOB Ceyhan amounted to $75.86 per barrel, while the minimum - $73.87.

Last week, the average price of URALS oil sold by Azerbaijan in the Russian Port of Novorossiysk amounted to $70.97 per barrel, growing by $1.76 (1.7 percent) compared to the previous week.

The maximum price for URALS oil amounted to $72.92 per barrel, while the minimum - $70.37.

Azerbaijan sells its URALS oil from the Russian Black Sea port of Novorossiysk, delivering it through the Baku-Novorossiysk oil pipeline.

Last week, the average price of Brent Dated amounted to $73.22 per barrel, which is $1.9 (2.6 percent) more compared to the previous price.

The maximum price for Brent Dated amounted to $73.22 per barrel, while the minimum - $72.54.

Oil grade/date

June 14, 2021

June 15, 2021

June 16, 2021

June 17, 2021

June 18, 2021

Average price

Azeri LT CIF

$74.61

$75.18

$76.52

$74.53

$74.54

$75.0

Azeri Light FOB Ceyhan

$73.97

$74.54

$75.86

$73.87

$73.88

$74.42

Urals (EX NOVO)

$70.4

$70.97

$72.29

$70.37

$70.86

$70.97

Brent Dated

$72.54

$73.14

$74.47

$72.58

$73.38

$73.22

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