BAKU, Azerbaijan, February 4. Azerbaijani oil prices have decreased this week, Trend reports.
The average price for the Azeri Light CIF oil, produced at the Azeri-Chirag-Gunashli (ACG) field, equaled $85.98 per barrel, down by $4.07 (4.52 percent) compared to the previous price.
The maximum price for Azeri Light CIF oil amounted to $87.79 per barrel, while the minimum price was $84.05.
The average price of Azeri LT FOB Ceyhan totaled $84.06 per barrel this week, lowering by $3.84 (4.37 percent) compared to the previous indicator.
The maximum price for Azeri LT FOB Ceyhan amounted to $85.7 per barrel, while the minimum price was $82.25.
The average price of URALS oil sold by Azerbaijan in the Russian Port of Novorossiysk totaled $45.91 per barrel this week, which was $3.51 (7.11 percent) more than in the previous week.
The maximum price for URALS oil amounted to $47.71 per barrel, while the minimum price – $43.94.
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 $82.64 per barrel this week, reducing by $3.99 or 4.6 percent.
The maximum price for Brent Dated amounted to $84.63 per barrel, while the minimum price – $80.62.
Oil grade/date |
January 30, 2023 |
January 31, 2023 |
February 1, 2023 |
February 2, 2023 |
February 3, 2023 |
Average price |
Azeri LT CIF |
$87.79 |
$87.53 |
$86.41 |
$84.14 |
$84.05 |
$85.98 |
Azeri Light FOB Ceyhan |
$85.70 |
$85.55 |
$84.52 |
$82.26 |
$82.25 |
$84.06 |
Urals (EX NOVO) |
$47.71 |
$47.33 |
$46.21 |
$43.94 |
$44.35 |
$45.91 |
Brent Dated |
$84.63 |
$84.22 |
$82.98 |
$80.74 |
$80.62 |
$82.64 |
(1 USD = 1.7 AZN on February 4, 2023)