BAKU, Azerbaijan, March 16. Oil prices have changed multidirectionally this week, Trend reports.
The average price of Azeri Light oil on a CIF basis, produced at the Azeri-Chirag-Guneshli field in Azerbaijan, decreased by $0.59 (0.68 percent) compared to last week and amounted to $87.07 per barrel. The maximum price during the period reached $88.39 per barrel, while the minimum price reached $85.88 per barrel.
The average price of Azeri Light crude oil FOB at Türkiye's port of Ceyhan amounted to $85.59 per barrel this week, which is $0.72 or 0.84 percent less than last week. The highest price was $86.85 a barrel, and the lowest was $84.48 a barrel.
The average price for URALS crude oil increased by $0.07 (0.11 percent) from last week to $67.09 per barrel. The maximum price for URALS reached $68.41 per barrel, and the minimum price reached $65.79 per barrel.
The average price for the benchmark oil grade, Dated Brent decreased by $0.87 (1.02 percent) and amounted to $84.44 per barrel. The maximum price for Dated Brent reached $85.55 per barrel, and the minimum was $83.23 per barrel.
| Oil grade/date | 11.03.2024 | 12.03.2024 | 13.03.2024 | 14.03.2024 | 15.03.2024 | Средняя цена |
| Azeri LT CIF | $86,64 | $85,88 | $86,69 | $88,39 | $87,74 | $87,07 |
| Azeri Light FOB Ceyhan | $85,24 | $84,48 | $85,19 | $86,85 | $86,20 | $85,59 |
| Urals (EX NOVO) | $66,09 | $65,79 | $66,84 | $68,41 | $68,30 | $67,09 |
| Dated Brent | $83,80 | $83,23 | $84,27 | $85,55 | $85,37 | $84,44 |
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