BAKU, Azerbaijan, December 29. Oil prices have declined this week, Trend reports.
The average price of Azeri Light crude oil on a CIF basis produced at Azerbaijan's Azeri-Chirag-Guneshli field fell by $0.33 (0.44 percent) compared to last week and amounted to $75.25 per barrel. The maximum price during the period reached $76.12 per barrel, while the minimum price reached $74.26 per barrel.
Azeri Light crude oil price averaged $73.9 per barrel FOB at the Turkish port of Ceyhan this week, which is $0.37 or 0.5 percent less than last week. The highest price was $74.83 per barrel, and the lowest was $72.88 per barrel.
The URALS crude oil price averaged $0.09 (0.14 percent) lower than last week at $60.71 per barrel. The top price for URALS reached $61.63 per barrel, while the minimum price was $59.64 per barrel.
The benchmark Dated Brent crude oil average price fell by $1.08 (1.45 percent) to $73.06 per barrel. The highest price for Dated Brent reached $74.09 per barrel, and the lowest was $71.92 per barrel.
| Oil grade/date | 23.12.2024 | 24.12.2024 | 27.12.2024 | Average price |
| Azeri LT CIF | $74.26 | $75.37 | $76.12 | $75.25 |
| Azeri Light FOB Ceyhan | $72.88 | $73.99 | $74.83 | $73.90 |
| Urals (EX NOVO) | $59.64 | $60.86 | $61.63 | $60.71 |
| Dated Brent | $71.92 | $73.17 | $74.09 | $73.06 |