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Weekly review of Azerbaijani oil market

Oil&Gas Materials 22 November 2021 10:25 (UTC +04:00)

BAKU, Azerbaijan, Nov. 22

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 $82.62 per barrel, having decreased by 2.75 cents (3.22 percent) compared to the previous price.

Last week, the maximum price for Azeri Light CIF oil amounted to $86.24 per barrel, while the minimum - $84.13.

The average price of Azeri LT FOB Ceyhan amounted to $84.45 per barrel last week, down by $2.7 cents (3.2 percent) compared to the previous indicator.

The maximum price for Azeri LT FOB Ceyhan amounted to $83.01 per barrel, while the minimum - $79.56.

Last week, the average price of URALS oil sold by Azerbaijan in the Russian Port of Novorossiysk amounted to $80.44 per barrel, which is $2.47 cents (3.1 percent) less compared to the previous week.

The maximum price for URALS oil amounted to $79.26 per barrel, while the minimum - $75.85.

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 $82.11 per barrel, thus decreasing by $1.61 cents (0.13 percent).

The maximum price for Brent Dated amounted to $84.57 per barrel, while the minimum - $79.7.

Oil grade/date

Nov. 15, 2021

Nov. 16, 2021

Nov. 17, 2021

Nov. 18, 2021

Nov. 19, 2021

Average price

Azeri LT CIF

$82,93

$83,9

$83,26

$82,62

$80,39

$82,62

Azeri Light FOB Ceyhan

$82,03

$83,01

$82,39

$81,79

$79,56

$81,75

Urals (EX NOVO)

$78,06

$79,26

$78,67

$78,04

$75,85

$77,97

Brent Dated

$81,53

$82,76

$84,4

$82,15

$79,70

$82,11

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Follow the author on Twitter: @agdzhaev

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