BAKU, Azerbaijan, April 15. 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 $89.95 per barrel, up by $1.83 (2.07 percent) compared to the previous price.
The maximum price for Azeri Light CIF oil amounted to $90.78 per barrel, while the minimum price was $88.44.
The average price of Azeri LT FOB Ceyhan totaled $88.05 per barrel this week, more by $1.99 (2.31 percent) compared to the previous price.
The maximum price for Azeri LT FOB Ceyhan amounted to $88.85 per barrel, while the minimum price was $86.46.
The average price of URALS oil sold by Azerbaijan in the Russian Port of Novorossiysk made up $57.4 per barrel this week, which was $2.19 (3.96 percent) more than in the previous week.
The maximum price for URALS oil amounted to $58.26 per barrel, while the minimum price – $55.71. 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 $87.51 per barrel this week, increasing by $2.11 (2.47 percent).
The maximum price for Brent Dated amounted to $87.89 per barrel, while the minimum price – $86.08.
Oil grade/date |
April 11 |
April 12 |
April 13 |
April 14 |
Average price |
Azeri LT CIF |
$88.44 |
$90.78 |
$90.49 |
$90.09 |
$89.95 |
Azeri Light FOB Ceyhan |
$86.46 |
$88.85 |
$88.61 |
$88.27 |
$88.05 |
Urals (EX NOVO) |
$55.71 |
$58.00 |
$57.64 |
$58.26 |
$57.40 |
Brent Dated |
$86.08 |
$88.21 |
$87.87 |
$87.89 |
$87.51 |
(1 USD = 1.7 AZN on April 15, 2023)