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Weekly review of Azerbaijani oil prices

Oil&Gas Materials 4 January 2025 12:30 (UTC +04:00)
Weekly review of Azerbaijani oil prices
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, January 4. Oil prices in Azerbaijan have grown this week, Trend reports.

The average price of Azeri Light crude oil on a CIF basis produced at Azerbaijan's Azeri-Chirag-Gunashli field rose by $2.56 (3.4 percent) compared to last week and amounted to $77.81 per barrel. The maximum price during the period reached $79 per barrel, while the minimum price reached $76.45 per barrel.

Azeri Light crude oil price averaged $76.54 per barrel FOB at the Turkish port of Ceyhan this week, which is $2.64 (3.57 percent) more than last week. The highest price was $77.73 per barrel, and the lowest was $75.17 per barrel.

The URALS crude oil price averaged $2.79 (4.59 percent) higher than last week at $63.5 per barrel. The top price for URALS reached $64.82 per barrel, while the minimum price was $61.95 per barrel.

The benchmark Dated Brent crude oil average price hiked by $2.45 (3.35 percent) to $75.51 per barrel. The highest price for Dated Brent reached $76.76 per barrel, and the lowest was $74.08 per barrel.

Oil grade/date

30.12.2024

31.12.2024

02.01.2025

03.01.2025

Average price

Azeri LT CIF

$76.45

$77

$78.78

$79

$77.81

Azeri Light FOB Ceyhan

$75.17

$75.74

$77.52

$77.73

$76.54

Urals (EX NOVO)

$61.95

$62.56

$64.66

$64.82

$63.5

Dated Brent

$74.08

$74.65

$76.53

$76.76

$75.51

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