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Weekly review of Azerbaijan's oil market

Oil&Gas Materials 11 February 2023 15:05 (UTC +04:00)
Weekly review of Azerbaijan's oil market
Sadraddin Aghjayev
Sadraddin Aghjayev
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BAKU, Azerbaijan, February 11. Azerbaijani oil prices have fluctuated this week, Trend reports.

The average price for the Azeri Light CIF oil, produced at the Azeri-Chirag-Gunashli (ACG) field, equaled $85.87 per barrel, down by 11 cents (0.13 percent) compared to the previous price.

The maximum price for Azeri Light CIF oil amounted to $88.7 per barrel, while the minimum price was $82.6.

The average price of Azeri LT FOB Ceyhan totaled $84.1 per barrel this week, rising by six cents (0.05 percent) compared to the previous indicator.

The maximum price for Azeri LT FOB Ceyhan amounted to $86.94 per barrel, while the minimum price was $80.82.

The average price of URALS oil sold by Azerbaijan in the Russian Port of Novorossiysk totaled $46.2 per barrel this week, which was 29 cents (0.63 percent) more than in the previous week.

The maximum price for URALS oil amounted to $49.02 per barrel, while the minimum price – $42.96.

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 $82.72 per barrel this week, increasing by eight cents or 0.1 percent.

The maximum price for Brent Dated amounted to $85.61 per barrel, while the minimum price – $79.6.

Oil grade/date

February 6, 2023

February 7, 2023

February 8, 2023

February 9, 2023

February 10, 2023

Average price

Azeri LT CIF

$82.60

$85.34

$86.33

$86.36

$88.70

$85.87

Azeri Light FOB Ceyhan

$80.82

$83.57

$84.56

$84.60

$86.94

$84.10

Urals (EX NOVO)

$42.96

$45.66

$46.67

$46.70

$49.02

$46.20

Brent Dated

$79.60

$82.11

$83.15

$83.23

$85.61

$82.72

(1 USD = 1.7 AZN on February 11, 2023)

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