BAKU, Azerbaijan, March 4. 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 $85.45 per barrel, up by $1.72 (2.05 percent) compared to the previous price.
The maximum price for Azeri Light CIF oil amounted to $87.08 per barrel, while the minimum price was $83.34.
The average price of Azeri LT FOB Ceyhan totaled $83.63 per barrel this week, rising by $3.34 (2.02 percent) compared to the previous indicator.
The maximum price for Azeri LT FOB Ceyhan amounted to $85.17 per barrel, while the minimum price was $81.61.
The average price of URALS oil sold by Azerbaijan in the Russian Port of Novorossiysk made up $47.44 per barrel this week, which was $1.95 (4.28 percent) more than in the previous week.
The maximum price for URALS oil amounted to $48.75 per barrel, while the minimum price – $45.35.
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 $83.67 per barrel this week, increasing by $2.19 or 2.68 percent.
The maximum price for Brent Dated amounted to $85.17 per barrel, while the minimum price – $81.47.
Oil grade/date |
February 27, 2023 |
February 28, 2023 |
March 1, 2023 |
March 2, 2023 |
March 3, 2023 |
Average price |
Azeri LT CIF |
$83.34 |
$85.01 |
$85.12 |
$86.71 |
$87.08 |
$85.45 |
Azeri Light FOB Ceyhan |
$81.61 |
$83.20 |
$83.29 |
$84.87 |
$85.17 |
$83.63 |
Urals (EX NOVO) |
$45.35 |
$47.17 |
$47.26 |
$48.67 |
$48.75 |
$47.44 |
Brent Dated |
$81.47 |
$83.14 |
$83.50 |
$85.08 |
$85.17 |
$83.67 |
(1 USD = 1.7 AZN on March 4, 2023)