BAKU, Azerbaijan, May 4. Azerbaijani oil prices declined last week, Trend reports.
The average price of Azeri Light oil on a CIF basis, produced at Azerbaijan's Azeri-Chirag-Guneshli field, decreased by $1.99 (2.23 percent) compared to last week and amounted to $87.35 per barrel. The maximum price during the period reached $89.77 per barrel, while the minimum price reached $85.27 per barrel.
This week, the average price of Azeri Light crude oil FOB at the Turkish port of Ceyhan amounted to $85.78 per barrel, down $1.93, or 2.2 percent, from last week. The maximum price was $88.15 per barrel, and the minimum was $83.76 per barrel.
The URALS crude oil price averaged $2.56 (3.58 percent) lower than last week at $68.93 per barrel. The maximum price for URALS reached $71.56 per barrel, and the minimum price reached $67.06 per barrel.
The benchmark Dated Brent crude oil average price fell by $2.9 (3.27 percent) to $85.8 per barrel. The maximum price for Dated Brent reached $88.86 per barrel, and the minimum was $83.3 per barrel.
| Oil grade/date | 29.04.2024 | 30.04.2024 | 01.05.2024 | 02.05.2024 | 03.05.2024 | Average price |
| Azeri LT CIF | $89,77 | $89,10 | $86,63 | $85,96 | $85,27 | $87,35 |
| Azeri Light FOB Ceyhan | $88,15 | $87,50 | $85,06 | $84,44 | $83,76 | $85,78 |
| Urals (EX NOVO) | $71,56 | $70,66 | $68,08 | $67,31 | $67,06 | $68,93 |
| Dated Brent | $88,86 | $87,97 | $84,92 | $83,93 | $83,30 | $85,80 |
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