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Weekly review of Azerbaijan's oil market

Oil&Gas Materials 15 August 2022 14:42 (UTC +04:00)
Weekly review of Azerbaijan's oil market
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, August 15. Azerbaijani oil prices changed in different directions this week, Trend reports.

The average price for Azeri Light CIF oil, produced at the Azeri-Chirag-Gunashli (ACG) field, equaled $98.43 per barrel, having decreased by $3.13 (3.08 percent) compared to the previous price.

The maximum price for Azeri Light CIF oil amounted to $99.76 per barrel, while the minimum price – was $96.55

The average price of Azeri LT FOB Ceyhan totaled $96.85 per barrel this week, down by $2.76 (2.77 percent) compared to the previous indicator.

The maximum price for Azeri LT FOB Ceyhan amounted to $98.24 per barrel, while the minimum price was $95.

The average price of URALS oil sold by Azerbaijan in the Russian Port of Novorossiysk reached $69.35 per barrel this week, which was $5.62 (8.82 percent) more than in the previous week.

The maximum price for URALS oil amounted to $74.45 per barrel, while the minimum price – was $65.04.

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 $103.27 per barrel this week, thus increasing by $0.08 (0.07 percent).

The maximum price for Brent Dated amounted to $104.63 per barrel, while the minimum price – was $101.45.

Oil grade/date

August 8, 2022

August 9, 2022

August 10, 2022

August 11, 2022

August 12, 2022

Average price

Azeri LT CIF

$98.74

$98.91

$96.55

$99.76

$98.19

$98.43

Azeri Light FOB Ceyhan

$97.07

$97.29

$95

$98.24

$96.64

$96.85

Urals (EX NOVO)

$65.04

$67.3

$66.88

$73.06

$74.45

$69.35

Brent Dated

$103.47

$103.91

$101.45

$104.63

$102.88

$103.27

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