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Weekly review of Azerbaijan's oil market

Oil&Gas Materials 25 November 2023 13:32 (UTC +04:00)
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, November 25. Oil prices in Azerbaijan changed 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 13 cents (0.15 percent) compared to last week and amounted to $85.22 per barrel.

The maximum price during the reporting period was $86.86 per barrel, and the minimum – $83.17 per barrel.

Besides, this week, the average price of Azeri Light oil based on FOB in the Turkish port of Ceyhan was $83.56 per barrel, which is 16 cents (0.19 percent) more from the week before. The maximum price was $85.13 per barrel, and the minimum - $81.56 per barrel.

The average price of URALS crude oil decreased by $1.4 (2.06 percent) compared to last week and amounted to $66.64 per barrel. The maximum price for URALS reached $69.17 per barrel, and the minimum – $64.34 per barrel.

The average price for Brent crude oil fell by 53 cents (0.64 percent) and amounted to $81.57 per barrel. The maximum price for Brent reached $83.33 per barrel, and the minimum – $79.48 per barrel.

Oil type

November 20, 2023

November 21, 2023

November 22, 2023

November 23, 2023

November 24, 2023

Average price

Azeri LT CIF

$86.86

$85.73

$83.17

$84.66

$85.66

$85.22

Azeri Light FOB Ceyhan

$85.13

$84.02

$81.56

$83.06

$84.05

$83.56

Urals (EX NOVO)

$69.17

$67.43

$64.34

$65.63

$66.63

$66.64

Dated Brent

$83.33

$82.2

$79.48

$80.95

$81.91

$81.57

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