BAKU, Azerbaijan, May 20. 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, lowered by $0.18 (0.23 percent) and amounted to $78.61 per barrel, compared to the previous price.
The maximum price for Azeri Light CIF oil amounted to $79.22 per barrel, while the minimum price was $77.87.
The average price of Azeri LT FOB Ceyhan totaled $76.72 per barrel this week, decreasing by $0.45 (0.06 percent) compared to the previous price.
The maximum price for Azeri LT FOB Ceyhan amounted to $77.29 per barrel, while the minimum price was $76.05.
The average price of URALS oil sold by Azerbaijan in the Russian Port of Novorossiysk made up $50.5 per barrel this week, which is $0.03 (0.06 percent) less than in the previous week.
The maximum price for URALS oil amounted to $51.08 per barrel, while the minimum price – $49.77. 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 $75.76 per barrel this week, decreasing by $0.37 (0.48 percent).
The maximum price for Brent Dated amounted to $76.33 per barrel, while the minimum price – $75.15.
Oil grade/date |
May 15 |
May 16 |
May 17 |
May 18 |
May 19 |
Average price |
Azeri LT CIF |
$78.18 |
$77.87 |
$79.22 |
$78.96 |
$78.81 |
$78.61 |
Azeri Light FOB Ceyhan |
$76.40 |
$76.05 |
$77.29 |
$77.03 |
$76.82 |
$76.72 |
Urals (EX NOVO) |
$49.95 |
$49.77 |
$51.08 |
$50.81 |
$50.83 |
$50.50 |
Brent Dated |
$75.44 |
$75.15 |
$76.33 |
$75.95 |
$75.93 |
$75.76 |
(1 USD = 1.7 AZN on May 20, 2023)