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Weekly review of oil market in Azerbaijan

Oil&Gas Materials 8 October 2022 17:05 (UTC +04:00)
Weekly review of oil market in Azerbaijan
Sadraddin Aghjayev
Sadraddin Aghjayev
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BAKU, Azerbaijan, October 8. Azerbaijani oil prices increased this week, Trend reports.

The average price for Azeri Light CIF oil, produced at the Azeri-Chirag-Gunashli (ACG) field, equaled $98.04 per barrel, up by $6.9 (7.6 percent) compared to the previous price.

The maximum price for Azeri Light CIF oil amounted to $102.44 per barrel, while the minimum price was $93.34.

The average price of Azeri LT FOB Ceyhan totaled $96.3 per barrel this week, which is a growth of $6.87 (7.68 percent) compared to the previous indicator.

The maximum price for Azeri LT FOB Ceyhan amounted to $100.74 per barrel, while the minimum price was $91.54.

The average price of URALS oil sold by Azerbaijan in the Russian Port of Novorossiysk reached $68.42 per barrel this week, which was $6.43 (10.37 percent) more than in the previous week.

The maximum price for URALS oil amounted to $72.8 per barrel, while the minimum price - $63.78.

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 $94.78 per barrel this week, thus rising by $7.38 (8.44 percent).

The maximum price for Brent Dated amounted to $98.78 per barrel, while the minimum price –$90.09.

Oil grade/date

October 3, 2022

October 4, 2022

October 5, 2022

October 6, 2022

October 7, 2022

Average price

Azeri LT CIF

$93.34

$96.72

$98.37

$99.35

$102.44

$98.04

Azeri Light FOB Ceyhan

$91.54

$94.9

$96.65

$97.64

$100.74

$96.3

Urals (EX NOVO)

$63.78

$67.03

$68.73

$69.74

$72.8

$68.42

Brent Dated

$90.09

$93.73

$95.24

$96.06

$98.78

$94.78

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