BAKU, Azerbaijan, October 22. Azerbaijani oil prices have declined this week, Trend reports.
The average price for Azeri Light CIF oil, produced at the Azeri-Chirag-Gunashli (ACG) field, equaled $94 per barrel, down by $4.4 (4.47 percent) compared to the previous price.
The maximum price for Azeri Light CIF oil amounted to $96.12 per barrel, while the minimum price was $91.14.
The average price of Azeri LT FOB Ceyhan totaled $91.83 per barrel this week, which is a drop of $4.77 (4.94 percent) compared to the previous indicator.
The maximum price for Azeri LT FOB Ceyhan amounted to $94.15 per barrel, while the minimum price was $89.53.
The average price of URALS oil sold by Azerbaijan in the Russian Port of Novorossiysk reached $63.66 per barrel this week, which was $4.84 (seven percent) less than in the previous week.
The maximum price for URALS oil amounted to $65.31 per barrel, while the minimum price – $61.14.
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 $90.75 per barrel this week, thus reducing by $3.98 (4.2 percent).
The maximum price for Brent Dated amounted to $92.69 per barrel, while the minimum price –$88.24.
Oil grade/date |
October 17, 2022 |
October 18, 2022 |
October 19, 2022 |
October 20, 2022 |
October 21, 2022 |
Average price |
Azeri LT CIF |
$94.44 |
$91.44 |
$93.27 |
$96.12 |
$94.74 |
$94 |
Azeri Light FOB Ceyhan |
$92.54 |
$89.53 |
$91.31 |
$94.15 |
$91.60 |
$91.83 |
Urals (EX NOVO) |
$64.52 |
$61.14 |
$62.49 |
$65.31 |
$64.84 |
$63.66 |
Brent Dated |
$91.45 |
$88.24 |
$89.94 |
$92.69 |
$91.45 |
$90.75 |
(1 USD = 1.7 AZN on October 22)