BAKU, Azerbaijan, December 10. Azerbaijani oil prices have decreased this week, Trend reports.
The average price for Azeri Light CIF oil, produced at the Azeri-Chirag-Gunashli (ACG) field, equaled $81.41 per barrel, down by $5.76 (6.6 percent) compared to the previous price.
The maximum price for Azeri Light CIF oil amounted to $87.09 per barrel, while the minimum price was $78.07.
The average price of Azeri LT FOB Ceyhan totaled $78.54 per barrel this week, dropping by $5.63 (6.68 percent) compared to the previous indicator.
The maximum price for Azeri LT FOB Ceyhan amounted to $84.21 per barrel, while the minimum price was $75.25.
The average price of URALS oil sold by Azerbaijan in the Russian Port of Novorossiysk reached $45.23 per barrel this week, which was $8 (15.03 percent) less than in the previous week.
The maximum price for URALS oil amounted to $53 per barrel, while the minimum price – $40.91.
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 $79.73 per barrel this week, thus reducing by $6.1 (7.1 percent).
The maximum price for Brent Dated amounted to $85.59 per barrel, while the minimum price – $76.36.
Oil grade/date |
December 5, 2022 |
December 6, 2022 |
December 7, 2022 |
December 8, 2022 |
December 9, 2022 |
Average price |
Azeri LT CIF |
$87.09 |
$82.09 |
$80.33 |
$78.07 |
$79.49 |
$81.41 |
Azeri Light FOB Ceyhan |
$84.21 |
$79.21 |
$77.45 |
$75.25 |
$76.56 |
$78.54 |
Urals (EX NOVO) |
$53.00 |
$45.99 |
$44.10 |
$40.91 |
$42.17 |
$45.23 |
Brent Dated |
$85.59 |
$80.53 |
$78.56 |
$76.36 |
$77.63 |
$79.73 |
(1 USD = 1.7 AZN on December 10)