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Weekly review of Azerbaijani oil market

Oil&Gas Materials 25 October 2021 11:49 (UTC +04:00)
Weekly review of Azerbaijani oil market

BAKU, Azerbaijan, Oct. 25

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 $86.41 per barrel, having grown by 91 cents (1.06 percent) compared to the previous price.

Last week, the maximum price for Azeri Light CIF oil amounted to $87.13 per barrel, while the minimum - $85.15.

The average price of Azeri LT FOB Ceyhan amounted to $85.61 per barrel last week, up by 91 cents (1.1 percent) compared to the previous indicator.

The maximum price for Azeri LT FOB Ceyhan amounted to $86.34 per barrel, while the minimum - $84.35.

Last week, the average price of URALS oil sold by Azerbaijan in the Russian Port of Novorossiysk amounted to $80.93 per barrel, which is 69 cents (0.85 percent) more compared to the previous week.

The maximum price for URALS oil amounted to $81.64 per barrel, while the minimum - $79.87.

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 $84.69 per barrel, which is $1.15 (1.37 percent) more compared to the previous price.

The maximum price for Brent Dated amounted to $85.12 per barrel, while the minimum - $83.70.

Oil grade/date

Oct.18, 2021

Oct.19, 2021

Oct.20, 2021

Oct.21, 2021

Oct.22, 2021

Average price

Azeri LT CIF

$86.34

$86.76

$87.13

$85.15

$86.69

$86.41

Azeri Light FOB Ceyhan

$85.56

$85.98

$86.34

$84.35

$85.86

$85.61

Urals (EX NOVO)

$80.79

$81.08

$81.31

$79.87

$81.64

$80.93

Brent Dated

$84.63

$85.03

$85.12

$83.70

$84.97

$84.69

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