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Weekly review of Azerbaijani oil market

Oil&Gas Materials 18 October 2021 11:07 (UTC +04:00)
Weekly review of Azerbaijani oil market

BAKU, Azerbaijan, Oct. 18

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 $85.5 per barrel, having grown by $1.4 (1.66 percent) compared to the previous price.

Last week, the maximum price for Azeri Light CIF oil amounted to $86.45 per barrel, while the minimum - $84.9.

The average price of Azeri LT FOB Ceyhan amounted to $84.7 per barrel last week, up by $1.38 (1.6 percent) compared to the previous indicator.

The maximum price for Azeri LT FOB Ceyhan amounted to $85.67 per barrel, while the minimum - $84.13.

Last week, the average price of URALS oil sold by Azerbaijan in the Russian Port of Novorossiysk amounted to $80.24 per barrel, which is $1.46 (1.85 percent) more compared to the previous week.

The maximum price for URALS oil amounted to $80.97 per barrel, while the minimum - $79.55.

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 $83.54 per barrel, which is $1.24 (1.5 percent) more compared to the previous price.

The maximum price for Brent Dated amounted to $84.96 per barrel, while the minimum - $81.34.

Oil grade/date

Oct.11, 2021

Oct.12, 2021

Oct.13, 2021

Oct.14, 2021

Oct.15, 2021

Average price

Azeri LT CIF

$85.89

$85.15

$84.95

$84.90

$86.45

$85.5

Azeri Light FOB Ceyhan

$85.11

$84.38

$84.18

$84.13

$85.67

$84.7

Urals (EX NOVO)

$80.92

$80.09

$79.69

$79.55

$80.97

$80.24

Brent Dated

$84.43

$83.64

$83.33

$81.34

$84.96

$83.54

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