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Weekly review of Azerbaijani oil prices

Oil&Gas Materials 10 August 2024 12:10 (UTC +04:00)
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, August 10. Oil prices saw a decline last week, Trend reports.

The average price of Azeri Light oil on a CIF basis, produced at the Azeri-Chirag-Gunashli field in Azerbaijan, decreased by $1.11 (1.34 percent) compared to last week and amounted to $81.72 per barrel. The maximum price during the period reached $83.38 per barrel, while the minimum price reached $79.73 per barrel.

The average price of Azeri Light crude oil FOB at Türkiye's Ceyhan port averaged $80.52 per barrel this week, which is $1.05, or 1.29 percent, less than last week. The maximum price was $82.22 per barrel, and the minimum was $78.48 per barrel.

The URALS crude oil price averaged $0.69 (1.02 percent) lower than last week at $66.67 per barrel. The maximum price for URALS reached $68.5 per barrel, and the minimum price reached $64.41 per barrel.

The benchmark Dated Brent crude oil average price decreased by $1.19 (1.48 percent) to $79.12 per barrel. The maximum price for Dated Brent reached $81.62 per barrel, and the minimum was $76.28 per barrel.

Oil grade/date

5.8.2024

6.8.2024

7.8.2024

8.8.2024

9.8.2024

Average price

Azeri LT CIF

$79.73

$79.83

$82.84

$84.84

$83.38

$81.78

Azeri Light FOB Ceyhan

$78.48

$78.59

$81.66

$81.67

$82.22

$80.52

Urals (EX NOVO)

$64.41

$64.66

$67.85

$67.95

$68.50

$66.67

Dated Brent

$76.70

$76.28

$79.91

$81.10

$81.62

$79.12

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