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Weekly review of Azerbaijani oil prices

Oil&Gas Materials 7 September 2024 16:27 (UTC +04:00)
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, September 7. Azerbaijani oil prices have dropped this 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 $4.35 (5.24 percent) compared to last week and amounted to $78.68 per barrel. The maximum price during the mentioned period reached $81.56 per barrel, while the minimum price reached $76.64 per barrel.

The Azeri Light crude oil price averaged $77.72 per barrel FOB at the Turkish port of Ceyhan this week, which is $4.23 or 5.16 percent less than last week. The maximum price was $80.59 per barrel and the minimum stood at $75.69 per barrel.

The URALS crude oil price averaged $5.16 (7.69 percent) lower than last week at $61.95 per barrel. The highest price for URALS reached $65.37 per barrel, while the lowest price was $59.51 per barrel.

The Dated Brent benchmark crude oil price fell by $5.71 (7.01 percent) to $75.75 per barrel. The maximal price for Dated Brent reached $79.62 per barrel, and the minimal one - $73.03 per barrel.

Oil grade/date 02.09.2024 03.09..2024 04.09.2024 05.09.2024 06.09.2024 Average price
Azeri LT CIF $81,56 $78,55 $78,30 $78,33 $76,64 $78,68
Azeri Light FOB Ceyhan $80,59 $77,58 $77,34 $77,39 $75,69 $77,72
Urals (EX NOVO) $65,37 $61,94 $61,52 $61,41 $59,51 $61,95
Dated Brent $79,62 $75,83 $75,23 $75,04 $73,03 $75,75

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