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Weekly review of Azerbaijani oil market

Oil&Gas Materials 11 October 2021 11:24 (UTC +04:00)

BAKU, Azerbaijan, Oct. 11

Trend:

Azerbaijani oil prices increased last week,Trend reports.

The average price for Azeri Light CIF oil, produced at the Azeri-Chirag-Gunashli (ACG) field, made up $84.10 per barrel, having grown by $3.71 (4.61 percent) compared to the previous price.

Last week, the maximum price for Azeri Light CIF oil amounted to $85.15 per barrel, while the minimum - $83.17.

The average price of Azeri LT FOB Ceyhan amounted to $83.32 per barrel last week, up by $3.62 (4.54 percent) compared to the previous indicator.

The maximum price for Azeri LT FOB Ceyhan amounted to $84.37 per barrel, while the minimum - $82.39.

Last week, the average price of URALS oil sold by Azerbaijan in the Russian Port of Novorossiysk amounted to $78.4878 per barrel, which is $3.48 (4.62 percent) more compared to the previous week.

The maximum price for URALS oil amounted to $79.78 per barrel, while the minimum - $77.75.

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 $82.3 per barrel, which is $3.60 (4.57 percent) more compared to the previous price.

The maximum price for Brent Dated amounted to $83.46 per barrel, while the minimum - $81.41.

Oil grade/date

Oct.4, 2021

Oct.5, 2021

Oct.6, 2021

Oct.7, 2021

Oct.8, 2021

Average price

Azeri LT CIF

$83,56

$85,15

$83,17

$83,81

$84,78

$84,10

Azeri Light FOB Ceyhan

$82,84

$84,37

$82,39

$83,03

$83,98

$83,32

Urals (EX NOVO)

$78,24

$79,78

$77,75

$78,40

$79,76

$78,78

Brent Dated

$81,77

$83,46

$81,41

$81,90

$82,98

$82,30

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