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Weekly review of Azerbaijani oil prices

Oil&Gas Materials 22 July 2024 09:19 (UTC +04:00)
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, July 22. The prices of Azerbaijani oil decreased last week, Trend reports.

The average price of Azeri Light CIF, produced at the Azeri-Chirag-Gunashli field in Azerbaijan, fell by 78 cents (0.87 percent) compared to the previous week, amounting to $89.06 per barrel. The maximum price for the period reached $89.55 per barrel, while the minimum price was $88.46 per barrel.

Last week, the average price of Azeri Light FOB at the Turkish port of Ceyhan was $87.74 per barrel, down 70 cents (0.8 percent) from the previous week. The maximum price was $88.27 per barrel, and the minimum price was $87.18 per barrel.

The average price for URALS crude oil decreased by 96 cents (1.3 percent) from the previous week, to $72.98 per barrel. The maximum price for URALS was $74.58 per barrel, while the minimum price was $72.74 per barrel.

The average price for the Dated Brent benchmark oil fell by $1.14 (1.3 percent) to $86.05 per barrel. The maximum price for Dated Brent was $86.67 per barrel, and the minimum was $85.28 per barrel.

Oil grade/date

15.07.2024

16.07.2024

17.07.2024

18.07.2024

19.07.2024

Average price

Azeri LT CIF

$89.43

$88.59

$89.27

$89.55

$88.46

$89.06

Azeri Light FOB Ceyhan

$88.07

$87.24

$87.92

$88.27

$87.18

$87.74

Urals (EX NOVO)

$73.58

$72.54

$73.12

$73.41

$72.24

$72.98

Dated Brent

$86.67

$85.63

$86.20

$86.49

$85.28

$86.05

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