BAKU, Azerbaijan, March 19. 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 $78.22 per barrel, down by $7.68 (8.94 percent) compared to the previous price.
The maximum price for Azeri Light CIF oil amounted to $83.6 per barrel, while the minimum price was $75.4.
The average price of Azeri LT FOB Ceyhan totaled $76.34 per barrel this week, lower by $7.7 (9.16 percent) compared to the previous price.
The maximum price for Azeri LT FOB Ceyhan amounted to $81.86 per barrel, while the minimum price was $73.37.
The average price of URALS oil sold by Azerbaijan in the Russian Port of Novorossiysk made up $41.55 per barrel this week, which was $6.12 (12.84 percent) less than in the previous week.
The maximum price for URALS oil amounted to $46.64 per barrel, while the minimum price – $38.78. 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 $75.45 per barrel this week, decreasing by $8.09 or 9.68 percent.
The maximum price for Brent Dated amounted to $81.18 per barrel, while the minimum price – $72.28.
|
Oil grade/date |
March 13 |
March 14 |
March 15 |
March 16 |
March 17 |
Average price |
|
Azeri LT CIF |
$83.60 |
$81.41 |
$74.42 |
$76.25 |
$75.40 |
$78.22 |
|
Azeri Light FOB Ceyhan |
$81.86 |
$79.63 |
$72.59 |
$74.25 |
$73.37 |
$76.34 |
|
Urals (EX NOVO) |
$46.64 |
$44.84 |
$37.84 |
$39.64 |
$38.78 |
$41.55 |
|
Brent Dated |
$81.18 |
$78.84 |
$71.84 |
$73.14 |
$72.28 |
$75.45 |
(1 USD = 1.7 AZN on March 19, 2023)