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Weekly review of Azerbaijani oil prices

Oil&Gas Materials 14 September 2024 16:38 (UTC +04:00)
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, September 14. 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-Gunashli field in Azerbaijan, decreased by $3.45 (4.39 percent) compared to last week and amounted to $75.23 per barrel. The maximum price during the mentioned period reached $76.77 per barrel, while the minimum price reached $73.53 per barrel.

The Azeri Light crude oil price averaged $74.19 per barrel FOB at the Turkish port of Ceyhan this week, which is $3.53 (4.54 percent) less than last week. The maximum price was $75.68 per barrel, and the minimum stood at $72.44 per barrel.

The URALS crude oil price averaged $2.94 (4.75 percent) lower than last week at $59.01 per barrel. The highest price for URALS reached $60.95 per barrel, while the lowest price was $57.17 per barrel.

The Dated Brent benchmark crude oil price fell by $2.94 (4.34 percent) to $72.46 per barrel. The maximal price for Dated Brent reached $74.55 per barrel, and the minimal one was $70.56 per barrel.

Oil grade/date

09.09.2024

10.09.2024

11.09.2024

12.09.2024

13.09.2024

Average price

Azeri LT CIF

$75.9

$73.63

$73.53

$76.77

$76.3

$75.23

Azeri Light FOB Ceyhan

$74.9

$72.6

$72.44

$75.68

$75.32

$74.19

Urals (EX NOVO)

$58.80

$57.17

$57.68

$60.95

$60.45

$59.01

Dated Brent

$72.13

$70.56

$71.08

$74.55

$74

$72.46

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