BAKU, Azerbaijan, February 18. Azerbaijani oil prices have increased this week, Trend reports.
The average price for the Azeri Light CIF oil, produced at the Azeri-Chirag-Gunashli (ACG) field, equaled $87.14 per barrel, down by $1.27 (1.48 percent) compared to the previous price.
The maximum price for Azeri Light CIF oil amounted to $88.44 per barrel, while the minimum price was $85.34.
The average price of Azeri LT FOB Ceyhan totaled $84.4 per barrel this week, rising by 30 cents (0.35 percent) compared to the previous indicator.
The maximum price for Azeri LT FOB Ceyhan amounted to $86.73 per barrel, while the minimum price was $83.51.
The average price of URALS oil sold by Azerbaijan in the Russian Port of Novorossiysk made up $47.7 per barrel this week, which was $1.5 (3.25 percent) more than in the previous week.
The maximum price for URALS oil amounted to $49.16 per barrel, while the minimum price – $45.82.
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 settled at $83.94 per barrel this week, increasing by $1.22 or 1.47 percent.
The maximum price for Brent Dated amounted to $85.49 per barrel, while the minimum price – $82.08.
Oil grade/date |
February 13, 2023 |
February 14, 2023 |
February 15, 2023 |
February 16, 2023 |
February 17, 2023 |
Average price |
Azeri LT CIF |
$88.44 |
$87.70 |
$86.72 |
$87.48 |
$85.34 |
$87.14 |
Azeri Light FOB Ceyhan |
$86.73 |
$86.02 |
$85.06 |
$85.71 |
$83.51 |
$84.40 |
Urals (EX NOVO) |
$49.16 |
$48.31 |
$47.30 |
$47.94 |
$45.82 |
$47.70 |
Brent Dated |
$85.49 |
$84.52 |
$83.49 |
$84.14 |
$82.08 |
$83.94 |
(1 USD = 1.7 AZN on February 18, 2023)