...

Weekly review of Azerbaijan's oil market

Oil&Gas Materials 1 October 2022 13:47 (UTC +04:00)
Weekly review of Azerbaijan's oil market
Sadraddin Aghjayev
Sadraddin Aghjayev
Read more

BAKU, Azerbaijan, October 1. Azerbaijani oil prices have dropped this week, Trend reports.

The average price for Azeri Light CIF oil, produced at the Azeri-Chirag-Gunashli (ACG) field, equaled $91.14 per barrel, having reduced by $1.32 (1.43 percent) compared to the previous price.

The maximum price for Azeri Light CIF oil amounted to $92.85 per barrel, while the minimum price was $89.07.

The average price of Azeri LT FOB Ceyhan has totaled $89.43 per barrel this week, down by $1.38 (1.52 percent) compared to the previous indicator.

The maximum price for Azeri LT FOB Ceyhan amounted to $91.14 per barrel, while the minimum price was $87.41.

The average price of URALS oil sold by Azerbaijan in the Russian Port of Novorossiysk reached $61.99 per barrel this week, which was $1.31 (2.07 percent) less than in the previous week.

The maximum price for URALS oil amounted to $63.9 per barrel, while the minimum price – $59.91.

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 $87.40 per barrel this week, thus declining by 57 cents (0.64 percent).

The maximum price for Brent Dated amounted to $89.81 per barrel, while the minimum price –$84.63.

Oil grade/date

Sept. 26, 2022

Sept. 27, 2022

Sept. 28, 2022

Sept. 29, 2022

Sept. 30, 2022

Average price

Azeri LT CIF

$89.07

$90.17

$91.93

$92.85

$91.68

$91.14

Azeri Light FOB Ceyhan

$87.41

$88.5

$90.24

$91.14

$89.88

$89.43

Urals (EX NOVO)

$59.91

$61.07

$62.95

$63.9

$62.12

$61.99

Brent Dated

$84.63

$86.39

$88.27

$89.81

$87.92

$87.40

(1 USD = 1.7 AZN on October 1)

Tags:
Latest

Latest