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Weekly review of Azerbaijan's oil market

Oil&Gas Materials 30 September 2023 10:09 (UTC +04:00)
Weekly review of Azerbaijan's oil market
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, September 30. Oil prices have been changing in different directions 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, decreased by $0.57 (0.57 percent) compared to last week and amounted to $100.59 per barrel.

The maximum price during the reporting period was $102.7 per barrel, and the minimum – $99.06 per barrel.

This week, the average price of Azeri Light oil based on FOB in the Turkish port of Ceyhan was $99.56 per barrel, which is $0.61 (0.61 percent) less than last week. The maximum price was $101.65 per barrel, and the minimum - $98.01 per barrel.

The average price of URALS crude oil increased by $0.32 (0.39 percent) compared to last week and amounted to $82.38 per barrel. The maximum price for URALS reached $84.47 per barrel, and the minimum – $80.34 per barrel.

The average price for Brent crude oil increased by $0.4 (0.42 percent) and amounted to $95.91 per barrel. The maximum price for Brent reached $97.92 per barrel, and the minimum – $93.4 per barrel.

Oil type

September 25, 2023

September 26, 2023

September 27, 2023

September 28, 2023

September 29, 2023

Average price

Azeri LT CIF

$99.06

$99.35

$102.70

$101.71

$100.11

$100.59

Azeri Light FOB Ceyhan

$98.01

$98.31

$101.65

$100.70

$99.11

$99.56

Urals (EX NOVO)

$80.34

$81.05

$84.47

$83.77

$82.27

$82.38

Brent Dated

$93.40

$94.14

$97.92

$97.77

$96.33

$95.91

(1 USD = 1.7 AZN on September 30, 2023)

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