BAKU, Azerbaijan, May 25. Oil prices have declined this week, Trend reports.
The average price of Azeri Light crude oil on a CIF basis, produced at Azerbaijan's Azeri-Chirag-Guneshli field, fell by $0.59 (0.7 percent) compared to last week and amounted to $83.56 per barrel. The maximum price during the period reached $84.95 per barrel, while the minimum price reached $82.46 per barrel.
The average price of Azeri Light crude oil FOB at the Turkish port of Ceyhan averaged $81.6 per barrel this week, down $0.93, or 1.12 percent, from last week. The maximum price was $83.25 per barrel and the minimum was $80.43 per barrel.
The URALS crude oil price decreased by $0.41 (0.62 percent) from last week to $65.61 per barrel. The maximum price for URALS reached $66.75 per barrel, while the minimum price reached $64.77 per barrel.
Dated Brent benchmark crude oil price decreased by $0.82 (1.01 percent) to $80.86 per barrel. The maximum price for Dated Brent reached $82.33 per barrel, and the minimum - $79.72 per barrel.
| Oil grade/date | 20.05.2024 | 21.05.2024 | 22.05.2024 | 23.05.2024 | 24.05.2024 | Average price |
| Azeri LT CIF | $84,95 | $84,23 | $83,54 | $82,64 | $82,46 | $83,56 |
| Azeri Light FOB Ceyhan | $83,25 | $82,21 | $81,51 | $80,59 | $80,43 | $81,60 |
| Urals (EX NOVO) | $66,75 | $66,05 | $65,51 | $64,77 | $64,95 | $65,61 |
| Dated Brent | $82,33 | $81,50 | $80,73 | $79,72 | $80,01 | $80,86 |
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