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Weekly review of Azerbaijani oil market

Oil&Gas Materials 7 March 2022 12:58 (UTC +04:00)

BAKU, Azerbaijan, Mar. 7

By Sadraddin Aghjayev - Trend:

Azerbaijani oil prices fluctuated last week, Trend reports.

The average price for Azeri Light CIF oil, produced at the Azeri-Chirag-Gunashli (ACG) field, reached $113.45 per barrel, having grown by $12.41 (12.28 percent) compared to the previous price.

The maximum price for Azeri Light CIF oil amounted to $118.78 per barrel, while the minimum price - was $102.3.

The average price of Azeri LT FOB Ceyhan amounted to $111.42 per barrel last week, up by $11.3 (11.28 percent) compared to the previous indicator.

The maximum price for Azeri LT FOB Ceyhan amounted to $116.81 per barrel, while the minimum price - was $100.39.

The average price of URALS oil sold by Azerbaijan in the Russian Port of Novorossiysk totaled $88.83 per barrel last week, which was $1.07 (1.2 percent) less than in the previous week.

The maximum price for URALS oil amounted to $91.53 per barrel, while the minimum price - was $84.13.

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 made up $114.69 per barrel last week, thus increasing by $16.12 (16.35 percent).

The maximum price for Brent Dated amounted to $120.23 per barrel, while the minimum price - $103.2.

Oil grade/date

Feb. 28, 2022

Mar. 1, 2022

Mar. 2, 2022

Mar. 3, 2022

Mar. 4, 2022

Average price

Azeri LT CIF

$102.3

$111.90

$116.10

$118.17

$118.78

$113.45

Azeri Light FOB Ceyhan

$100.39

$109.76

$114.02

$116.14

$116.81

$111.42

Urals (EX NOVO)

$84.13

$87.18

$91.53

$90.53

$85.44

$88.83

Brent Dated

$103.2

$112.92

$117.3

$119.81

$120.23

$114.69

(1 USD = 1.7 AZN on Mar. 7)

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