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Weekly review of Azerbaijani oil prices

Oil&Gas Materials 20 December 2021 14:42 (UTC +04:00)

BAKU, Azerbaijan, Dec. 20

By Sadraddin Aghjayev - Trend:

Azerbaijani oil prices varied last week, Trend reports on Dec. 20.

The average price for Azeri Light CIF oil, produced at the Azeri-Chirag-Gunashli (ACG) field, made up $75.92 per barrel, having increased by $4.82 (6.78 percent) compared to the previous price.

The maximum price for Azeri Light CIF oil amounted to $77.1 per barrel, while the minimum price - $75.05.

The average price of Azeri LT FOB Ceyhan amounted to $75.08 per barrel last week, down by $0.23 (0.34 percent) compared to the previous indicator.

The maximum price for Azeri LT FOB Ceyhan amounted to $76.25 per barrel, while the minimum price - $74.21.

The average price of URALS oil sold by Azerbaijan in the Russian Port of Novorossiysk amounted to $71 per barrel last week, which is $0.85 (1.18 percent) less compared to the previous week.

The maximum price for URALS oil amounted to $72.12 per barrel, while the minimum price - $70.06.

Azerbaijan sells its URALS oil from the Russian Black Sea port of Novorossiysk, delivering it through the Baku-Novorossiysk oil pipeline.

The average price of Brent Dated amounted to $73.67 per barrel last week, thus decreasing by $0.99 (1.32 percent).

The maximum price for Brent Dated amounted to $74.76 per barrel, while the minimum price - $72.83.

Oil grade/date

Dec. 6, 2021

Dec. 7, 2021

Dec. 8, 2021

Dec. 9, 2021

Dec. 10, 2021

Average price

Azeri LT CIF

$76.50

$75.49

$75.05

$77.10

$75.50

$75.92

Azeri Light FOB Ceyhan

$75.67

$74.64

$74.21

$76.25

$74.65

$75.08

Urals (EX NOVO)

$71.68

$70.66

$70.06

$72.12

$70.49

$71.00

Brent Dated

$74.25

$73.54

$72.83

$74.76

$73.00

$73.67

(1 USD = 1.7 AZN on Dec. 20)

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