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Weekly review of Azerbaijan's oil market

Oil&Gas Materials 20 August 2022 14:13 (UTC +04:00)
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, August 20. Azerbaijani oil prices fluctuated this week, Trend reports.

The average price for Azeri Light CIF oil, produced at the Azeri-Chirag-Gunashli (ACG) field, equaled $96.04 per barrel, having decreased by $2.39 (2.43 percent) compared to the previous price.

The maximum price for Azeri Light CIF oil amounted to $99.01 per barrel, while the minimum price was $94.11.

The average price of Azeri LT FOB Ceyhan totaled $94.46 per barrel this week, down by $2.39 (2.47 percent) compared to the previous indicator.

The maximum price for Azeri LT FOB Ceyhan amounted to $97.41 per barrel, while the minimum price - $92.54.

The average price of URALS oil sold by Azerbaijan in the Russian Port of Novorossiysk reached $73.44 per barrel this week, which was $4.09 (5.9 percent) more than in the previous week.

The maximum price for URALS oil amounted to $745.77 per barrel, while the minimum price - $71.76.

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 $96.12 per barrel this week, thus decreasing by $7.15 (6.92 percent).

The maximum price for Brent Dated amounted to $97.16 per barrel, while the minimum price –was $93.27.

Oil grade/date

August 15, 2022

August 16, 2022

August 17, 2022

August 18, 2022

August 19, 2022

Average price

Azeri LT CIF

$94.61

$94.11

$94.61

$97.87

$99.01

$96.04

Azeri Light FOB Ceyhan

$93.04

$92.54

$93.04

$96.27

$97.41

$94.46

Urals (EX NOVO)

$72.38

$72.3

$71.76

$74.98

$75.77

$73.44

Brent Dated

$97.62

$96.26

$93.27

$96.3

$97.16

$96.12

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