BAKU, Azerbaijan, May 13. 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 $78.79 per barrel, up by $0.41 (0.53 percent) compared to the previous price.
The maximum price for Azeri Light CIF oil amounted to $79.97 per barrel, while the minimum price was $78.04.
The average price of Azeri LT FOB Ceyhan totaled $77.17 per barrel this week, more by $0.29 (0.37 percent) compared to the previous price.
The maximum price for Azeri LT FOB Ceyhan amounted to $78.39 per barrel, while the minimum price was $76.37.
The average price of URALS oil sold by Azerbaijan in the Russian Port of Novorossiysk made up $50.53 per barrel this week, which was $0.61 (1.23 percent) more than in the previous week.
The maximum price for URALS oil amounted to $51.68 per barrel, while the minimum price – $49.81. 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 $76.13 per barrel this week, increasing by $0.01 (0.01 percent).
The maximum price for Brent Dated amounted to $77.33 per barrel, while the minimum price – $75.31.
Oil grade/date | May 9 | May 10 | May 11 | May 12 | Average price |
Azeri LT CIF | $78.30 | $79.97 | $78.83 | $78.04 | $78.79 |
Azeri Light FOB Ceyhan | $76.76 | $78.39 | $77.15 | $76.37 | $77.17 |
Urals (EX NOVO) | $50.00 | $51.68 | $50.64 | $49.81 | $50.53 |
Brent Dated | $75.67 | $77.33 | $76.19 | $75.31 | $76.13 |
(1 USD = 1.7 AZN on May 13, 2023)