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Weekly review of Azerbaijani oil prices

Oil&Gas Materials 20 May 2024 16:21 (UTC +04:00)
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, May 20. The average CIF price of Azeri Light crude oil from the Azeri-Chirag-Guneshli field in Azerbaijan dropped $1.26 (1.48 percent) from the previous week to $83.76 per barrel, Trend reports.

The top price during the period reached $84.48 per barrel, while the minimum price totaled $82.82 per barrel.

Azeri Light crude oil FOB averaged $82.52 a barrel this week at the Turkish port of Ceyhan, down $0.98, or 1.17 percent, from the previous week. The top price was $83.13 per barrel, and the bottom was $81.73 per barrel.

The URALS crude oil price averaged $0.85 (1.28 percent) lower than last week at $66.01 per barrel. The maximum price for URALS reached $66.70 per barrel, and the minimum price reached $65.13 per barrel.

The benchmark Dated Brent crude oil average price fell by $1.31 (1.58 percent) to $81.68 per barrel. The maximum price for Dated Brent reached $82.44 per barrel, and the minimum - $80.56 per barrel.

Oil grade/date

13.05.2024

14.05.2024

15.05.2024

16.05.2024

17.05.2024

Average price

Azeri LT CIF

$84,48

$83,33

$83,94

$84,21

$82,82

$83,76

Azeri Light FOB Ceyhan

$82,92

$81,73

$82,30

$82,54

$83,13

$82,52

Urals (EX NOVO)

$66,21

$65,13

$65,82

$66,20

$66,70

$66,01

Dated Brent

$82,12

$80,56

$81,45

$81,83

$82,44

$81,68

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