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Weekly review of Azerbaijani oil prices

Oil&Gas Materials 27 July 2024 19:32 (UTC +04:00)
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, July 27. The price of Azerbaijani oil decreased last week, Trend reports.

The average price of Azeri Light oil on a CIF basis, produced at the Azeri-Chirag-Guneshli field in Azerbaijan, decreased by $3.81 (4.28 percent) compared to last week and amounted to $85.25 per barrel. The maximum price during the mentioned period reached $86.34 per barrel, while the minimum price reached $83.83 per barrel.

The Azeri Light crude oil price averaged $84 per barrel FOB in Türkiye's Ceyhan port this week, which is $3.74, or 4.26 percent less than last week. The maximum price was $85.07 per barrel, and the minimum was $82.59 per barrel.

The URALS crude oil price averaged $3.59 (4.92 percent) lower than last week at $69.39 per barrel. The maximum price for URALS reached $70.08 per barrel, and the minimum price reached $68.31 per barrel.

The Dated Brent benchmark crude oil price averaged $3.64 (4.23 percent) lower at $82.41 per barrel. The maximum price for Dated Brent reached $83.07 per barrel, and the minimum was $81.25 per barrel.

Oil grade/date

22.07.2024

23.07.2024

24.07.2024

25.07.2024

26.07.2024

Average price

Azeri LT CIF

$86,34

$84,98

$85,75

$85,34

$83,83

$85,25

Azeri Light FOB Ceyhan

$85,07

$83,72

$84,51

$84,10

$82,59

$84,00

Urals (EX NOVO)

$70,08

$68,88

$69,92

$69,74

$68,31

$69,39

Dated Brent

$83,07

$82,09

$83,00

$82,66

$81,25

$82,41

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