BAKU, Azerbaijan, May 21. Azerbaijani oil prices have risen this week, Trend reports.
The average price for Azeri Light CIF oil, produced at the Azeri-Chirag-Gunashli (ACG) field, equaled $120.32 per barrel, having increased by $7.47 (6.62 percent) compared to the previous price.
The maximum price for Azeri Light CIF oil amounted to $123.18 per barrel, while the minimum price – was $118.42.
The average price of Azeri LT FOB Ceyhan totaled $119.23 per barrel this week, up by $7.58 (6.79 percent) compared to the previous indicator.
The maximum price for Azeri LT FOB Ceyhan amounted to $122.06 per barrel, while the minimum price was $117.34.
The average price of URALS oil sold by Azerbaijan in the Russian Port of Novorossiysk reached $76.32 per barrel this week, which was $5.09 (7.14 percent) more than in the previous week.
The maximum price for URALS oil amounted to $79.73 per barrel, while the minimum price – was $74.31.
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 $113.23 per barrel this week, thus increasing by $5.6 (5.2 percent).
The maximum price for Brent Dated amounted to $116.51 per barrel, while the minimum price – was $111.33.
Oil grade/date |
May 16, 2022 |
May 17, 2022 |
May 18, 2022 |
May 19, 2022 |
May 20, 2022 |
Average price |
Azeri LT CIF |
$119.39 |
$123.18 |
$118.42 |
$118.99 |
$121.62 |
$120.32 |
Azeri Light FOB Ceyhan |
$118.27 |
$122.06 |
$117.34 |
$117.93 |
$120.56 |
$119.23 |
Urals (EX NOVO) |
$76.46 |
$79.73 |
$74.33 |
$74.31 |
$76.78 |
$76.32 |
Brent Dated |
$113.14 |
$116.51 |
$111.33 |
$111.35 |
$113.82 |
$113.23 |
(1 USD = 1.7 AZN on May 21)