BAKU, Azerbaijan, March 25. 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 $77.15 per barrel, down by $1.07 (1.36 percent) compared to the previous price.
The maximum price for Azeri Light CIF oil amounted to $78.76 per barrel, while the minimum price was $74.75.
The average price of Azeri LT FOB Ceyhan totaled $74.61 per barrel this week, lower by $1.73 (2.26 percent) compared to the previous price.
The maximum price for Azeri LT FOB Ceyhan amounted to $76.03 per barrel, while the minimum price was $72.58.
The average price of URALS oil sold by Azerbaijan in the Russian Port of Novorossiysk made up $40.6 per barrel this week, which was $0.95 (2.28 percent) less than in the previous week.
The maximum price for URALS oil amounted to $42.21 per barrel, while the minimum price – $38.27. 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 $74.2 per barrel this week, decreasing by $1.25 or 1.65 percent.
The maximum price for Brent Dated amounted to $75.88 per barrel, while the minimum price – $71.71.
|
Oil grade/date |
March 20 |
March 21 |
March 22 |
March 23 |
Average price |
|
Azeri LT CIF |
$74.75 |
$76.71 |
$78.36 |
$78.76 |
$77.15
|
|
Azeri Light FOB Ceyhan |
$72.58 |
$74.21 |
$75.63 |
$76.03 |
$74.61 |
|
Urals (EX NOVO) |
$38.27 |
$40.21 |
$41.69 |
$42.21 |
$40.60 |
|
Brent Dated |
$71.71 |
$73.78 |
$75.36 |
$75.88 |
$74.20 |
(1 USD = 1.7 AZN on March 25, 2023)