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Weekly review of Azerbaijan's oil prices

Oil&Gas Materials 30 March 2024 12:20 (UTC +04:00)
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, March 30. Oil prices in Azerbaijan have increased this week, Trend reports.

The average price of Azeri Light crude oil on a CIF basis produced at Azerbaijan's Azeri-Chirag-Guneshli field grew by 33 cents (0.37 percent) compared to last week and amounted to $88.41 per barrel. The maximum price during the period reached $89.22 per barrel, while the minimum price - $87.51 per barrel.

In the current week, the average price of Azeri Light crude oil FOB in Türkiye's Ceyhan port amounted to $86.88 per barrel, up 33 cents (0.38 percent) from last week. The maximum price was $87.71 per barrel, and the minimum - $85.98 per barrel.

The average price of URALS crude oil rose by 44 cents (0.64 percent) from last week to $62.97 per barrel. The maximum price for URALS reached $65.72 per barrel, while the minimum price reached $59.87 per barrel.

The average price for the benchmark Dated Brent crude oil grade hiked by 27 cents (0.31 percent) to $86.09 per barrel. The maximum price for Dated Brent reached $86.89 per barrel, and the minimum was $85.09 per barrel.

Oil grade/date

25.03.2024

26.03.2024

27.03.2024

28.03.2024

Average price

Azeri LT CIF

$88.59

$88.3

$87.51

$89.22

$88.41

Azeri Light FOB Ceyhan

$87.06

$86.76

$85.98

$87.71

$86.88

Urals (EX NOVO)

$69.66

$69.26

$68.44

$70.08

$69.36

Dated Brent

$86.37

$86

$85.09

$86.89

$86.09

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