BAKU, Azerbaijan, September 3. Azerbaijani oil prices dropped this week, Trend reports.
The average price for Azeri Light CIF oil, produced at the Azeri-Chirag-Gunashli (ACG) field, equaled $99.37 per barrel, having reduced by 76 cents (0.76 percent) compared to the previous price.
The maximum price for Azeri Light CIF oil amounted to $102.15 per barrel, while the minimum price was $95.6.
The average price of Azeri LT FOB Ceyhan totaled $97.67 per barrel this week, down by $1.36 (1.37 percent) compared to the previous indicator.
The maximum price for Azeri LT FOB Ceyhan amounted to $100.39 per barrel, while the minimum price was $93.93.
The average price of URALS oil sold by Azerbaijan in the Russian Port of Novorossiysk reached $77.04 per barrel this week, which was $2.7 (3.5 percent) less than in the previous week.
The maximum price for URALS oil amounted to $78.18 per barrel, while the minimum price - $70.07.
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 $96.51 per barrel this week, thus decreasing by $1.62 (1.65 percent).
The maximum price for Brent Dated amounted to $99.67 per barrel, while the minimum price –$92.58.
Oil grade/date |
August 29, 2022 |
August 30, 2022 |
August 31, 2022 |
September 1, 2022 |
September 2, 2022 |
Average price |
Azeri LT CIF |
$101.90 |
$102.15 |
$99.67 |
$95.60 |
$97.53 |
$99.37 |
Azeri Light FOB Ceyhan |
$100.15 |
$100.39 |
$97.94 |
$93.93 |
$95.94 |
$97.67 |
Urals (EX NOVO) |
$78.18 |
$77.72 |
$74.44 |
$70.07 |
$71.44 |
$74.34 |
Brent Dated |
$99.46 |
$99.67 |
$96.68 |
$92.58 |
$94.17 |
$96.51 |
( 1 USD = 1.7 AZN on September 3)