BAKU, Azerbaijan, April 1. 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 $80.52 per barrel, up by $3.37 (4.36 percent) compared to the previous price.
The maximum price for Azeri Light CIF oil amounted to $81.88 per barrel, while the minimum price was $78.28.
The average price of Azeri LT FOB Ceyhan totaled $78.19 per barrel this week, lower by $3.58 (4.8 percent) compared to the previous price.
The maximum price for Azeri LT FOB Ceyhan amounted to $79.79 per barrel, while the minimum price was $75.85.
The average price of URALS oil sold by Azerbaijan in the Russian Port of Novorossiysk made up $44.6 per barrel this week, which was $4 (9.85 percent) more than in the previous week.
The maximum price for URALS oil amounted to $47.39 per barrel, while the minimum price – $41.62. 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 $77.64 per barrel this week, increasing by $3.44 (4.63 percent).
The maximum price for Brent Dated amounted to $79.06 per barrel, while the minimum price – $75.26.
Oil grade/date |
March 27 |
March 28 |
March 29 |
March 30 |
March 31 |
Average price |
Azeri LT CIF |
$78.28 |
$80.74 |
$80.86 |
$80.85 |
$81.88 |
$80.52 |
Azeri Light FOB Ceyhan |
$75.85 |
$78.31 |
$78.48 |
$78.54 |
$79.79 |
$78.19 |
Urals (EX NOVO) |
$41.62 |
$44.2 |
$44.38 |
$45.37 |
$47.39 |
$44.6 |
Brent Dated |
$75.26 |
$77.84 |
$78.03 |
$78.03 |
$79.06 |
$77.64 |