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Weekly review of Azerbaijan's oil market

Oil&Gas Materials 23 September 2023 14:30 (UTC +04:00)
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, September 23. 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 $2.12 (2.14 percent) compared to last week and amounted to $101.16 per barrel. The maximum price for this period reached $102.25 per barrel, and the minimum was $99.97 per barrel.

This week, the average price of Azeri Light oil based on FOB in the Turkish port of Ceyhan was $100.17 per barrel, which is $2.01 (2.05 percent) more than last week. The maximum price was $101.32 per barrel, and the minimum price was $98.91 per barrel.

The average price of URALS crude oil increased by $2.03 (2.53 percent) compared to last week and amounted to $82.06 per barrel. The maximum price for URALS reached $83.12 per barrel, and the minimum was $81.22 per barrel.

The average price for Brent crude oil increased by $1.66 (1.77 percent) and amounted to $95.51 per barrel. The maximum price for Brent reached $96.87 per barrel, and the minimum was $94.23 per barrel.

Oil type

September 18, 2023

September 19, 2023

September 20, 2023

September 21, 2023

September 22, 2023

Average price

Azeri LT CIF

$101.61

$102.25

$101.20

$100.78

$99.97

$101.16

Azeri Light FOB Ceyhan

$100.69

$101.32

$100.22

$99.72

$98.91

$100.17

Urals (EX NOVO)

$82.55

$83.12

$81.98

$81.41

$81.22

$82.06

Brent Dated

$96.24

$96.87

$95.73

$94.50

$94.23

$95.51

(1 USD = 1.7 AZN on September 23, 2023)

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