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Weekly review of Azerbaijan's oil market

Oil&Gas Materials 2 December 2023 17:03 (UTC +04:00)
Weekly review of Azerbaijan's oil market
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, December 2. 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, increased by $0.01 (0.01 percent) compared to last week and amounted to $85.22 per barrel.

The maximum price during the reporting period was $86.1 per barrel, and the minimum – $84.07 per barrel.

Besides, this week, the average price of Azeri Light oil based on FOB in the Turkish port of Ceyhan was $83.66 per barrel, which is $0.09 (0.11 percent) more from the week before. The maximum price was $84.53 per barrel, and the minimum - $82.51 per barrel.

The average price of URALS crude oil decreased by $0.84 (1.27 percent) compared to last week and amounted to $65.8 per barrel. The maximum price for URALS reached $66.53 per barrel, and the minimum – $65 per barrel.

The average price for Brent crude oil fell by 35 cents (0.43 percent) and amounted to $81.22 per barrel. The maximum price for Brent reached $82.28 per barrel, and the minimum – $80.14 per barrel.

Oil type

November 27, 2023

November 28, 2023

November 29, 2023

November 30, 2023

December 1, 2023

Average price

Azeri LT CIF

$84.07

$85.77

$86.10

$84.57

$85.59

$85.22

Azeri Light FOB Ceyhan

$82.51

$84.21

$84.53

$83.01

$84.03

$83.66

Urals (EX NOVO)

$65.00

$66.53

$66.53

$65.09

$65.83

$65.80

Dated Brent

$80.14

$81.99

$82.28

$80.60

$81.10

$81.22

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