BAKU, Azerbaijan, September 2. Azerbaijani oil prices have increased this week, Trend reports.
The average price of Azeri LT CIF Augusta crude oil, which is produced at the Azeri-Chirag-Gunashli block of Azerbaijani fields, increased by $2.13 (2.41 percent) compared to last week and amounted to $90.51 per barrel. The maximum price during the reporting period was $93.5 per barrel, and the minimum – $88.56 per barrel.
This week, the average price of Azeri Light oil based on FOB in the Turkish port of Ceyhan was $89.52 per barrel, which is $2.15 (2.46 percent) more than last week. The maximum price was $92.53 per barrel, and the minimum price was $87.55 per barrel.
The average price of URALS crude oil increased by $2.05 (2.91 percent) compared to last week and amounted to $72.31 per barrel. The maximum price for URALS reached $75.09 per barrel, and the minimum – $70.55 per barrel.
The average price for Brent crude oil increased by $1.79 (2.1 percent) and amounted to $86.8 per barrel. The maximum price for Brent reached $89.44 per barrel, and the minimum – $85.24 per barrel.
Oil type |
August 28, 2023 |
August 29, 2023 |
August 30, 2023 |
August 31, 2023 |
September 1, 2023 |
Average price |
Azeri LT CIF |
$88.56 |
$89.21 |
$89.86 |
$91.43 |
$93.50 |
$90.51 |
Azeri Light FOB Ceyhan |
$87.55 |
$88.20
|
$88.85 |
$90.46 |
$92.53 |
$89.52 |
Urals (EX NOVO) |
$70.55 |
$71.28 |
$71.53 |
$73.10 |
$75.09 |
$72.31 |
Brent Dated |
$85.24 |
$85.87 |
$86.10 |
$87.36 |
$89.44 |
$86.80 |
(1 USD = 1.7 AZN on September 2, 2023)