BAKU, Azerbaijan, May 6. 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 $78.37 per barrel, down by $5.7 (6.78 percent) compared to the previous price.
The maximum price for Azeri LT FOB Ceyhan amounted to $83.8 per barrel, while the minimum price was $75.1.
This week, the average price of Azeri LT FOB in the Turkish port of Ceyhan was $76.88 per barrel, which is $5.72 (6.92 percent) less than last week.
The maximum price for it was $82.34 per barrel, and the minimum – $73.58.
The average price of URALS oil sold by Azerbaijan in the Russian Port of Novorossiysk made up $49.92 per barrel this week, which was $4.55 (8.85 percent) less than in the previous week.
The maximum price for URALS oil amounted to $55.21 per barrel, while the minimum price – $46.6. 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 $76.12 per barrel this week, decreasing by $6.07 (7.38 percent).
The maximum price for Brent Dated amounted to $82.01 per barrel, while the minimum price – $72.51.
|
Oil grade/date |
May 1 |
May 2 |
May 3 |
May 4 |
May 5 |
Average price |
|
Azeri LT CIF |
$83.8 |
$79.04 |
$75.1 |
$75.65 |
$78.26 |
$78.37 |
|
Azeri Light FOB Ceyhan |
$82.34 |
$77.58 |
$73.58 |
$74.14 |
$76.76 |
$76.88 |
|
Urals (EX NOVO) |
$55.21 |
$50.57 |
$46.6 |
$47.25 |
$49.97 |
$49.92 |
|
Brent Dated |
$82.01 |
$77.18 |
$72.51 |
$73.11 |
$75.78 |
$76.12 |
(1 USD = 1.7 AZN on May 6, 2023)