BAKU, Azerbaijan, April 8. 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 $88.12 per barrel, up by $7.6 (9.44 percent) compared to the previous price.
The maximum price for Azeri Light CIF oil amounted to $88.91 per barrel, while the minimum price was $87.7.
The average price of Azeri LT FOB Ceyhan totaled $86.06 per barrel this week, more by $7.87 (10.06 percent) compared to the previous price.
The maximum price for Azeri LT FOB Ceyhan amounted to $86.81 per barrel, while the minimum price was $85.67.
The average price of URALS oil sold by Azerbaijan in the Russian Port of Novorossiysk made up $55.21 per barrel this week, which was $10.61 (23.8 percent) more than in the previous week.
The maximum price for URALS oil amounted to $56.17 per barrel, while the minimum price – $55.06. 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 $85.4 per barrel this week, increasing by $7.76 (10 percent).
The maximum price for Brent Dated amounted to $86.17 per barrel, while the minimum price – $85.33.
Oil grade/date |
April 3 |
April 4 |
April 5 |
April 6 |
Average price |
Azeri LT CIF |
$87.81 |
$87.70 |
$88.06 |
$88.91 |
$88.12 |
Azeri Light FOB Ceyhan |
$85.79 |
$85.67 |
$85.98 |
$86.81 |
$86.06 |
Urals (EX NOVO) |
$54.25 |
$55.06 |
$55.37 |
$56.17 |
$55.21 |
Brent Dated |
$85.51 |
$85.33 |
$85.60 |
$86.17 |
$85.4 |
(1 USD = 1.7 AZN on April 8, 2023)