...

Weekly review of Azerbaijan's oil market

Oil&Gas Materials 15 April 2023 14:39 (UTC +04:00)
Weekly review of Azerbaijan's oil market

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)

Tags:
Latest

Latest