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Weekly review of Azerbaijani oil market

Oil&Gas Materials 9 November 2021 10:21 (UTC +04:00)

BAKU, Azerbaijan, Nov. 9

By Sadraddin Aghjayev - Trend:

Azerbaijani oil prices decreased last week, Trend reports.

The average price for Azeri Light CIF oil, produced at the Azeri-Chirag-Gunashli (ACG) field, made up $85.12 per barrel, having decreased by $2.11 (2.41 percent) compared to the previous price.

Last week, the maximum price for Azeri Light CIF oil amounted to $87.08 per barrel, while the minimum - $82.75.

The average price of Azeri LT FOB Ceyhan amounted to $84.6 per barrel last week, down by $1.5 cents (7.74 percent) compared to the previous indicator.

The maximum price for Azeri LT FOB Ceyhan amounted to $86.13 per barrel, while the minimum - $83.06.

Last week, the average price of URALS oil sold by Azerbaijan in the Russian Port of Novorossiysk amounted to $80.74 per barrel, which is $1.26 (1.53 percent) less compared to the previous week.

The maximum price for URALS oil amounted to $82.26 per barrel, while the minimum - $79.40.

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 $83.61 per barrel, decreasing by $1.08 or by 1.27 percent.

The maximum price for Brent Dated amounted to $84.70 per barrel, while the minimum - $81.89.

Oil grade/date

Nov.1, 2021

Nov.2, 2021

Nov.3, 2021

Nov.4, 2021

Nov.5, 2021

Average price

Azeri LT CIF

$88.19

$88.17

$87.13

$86.89

$85.78

$87.23

Azeri Light FOB Ceyhan

$87.25

$87.23

$85.95

$84.83

$85.21

$86.1

Urals (EX NOVO)

$83.00

$83.05

$81.82

$80.89

$81.25

$82

Brent Dated

$86.12

$85.85

$84.48

$83.41

$83.63

$84.69

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Follow the author on Twitter: @agdzhaev

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