BAKU, Azerbaijan, January 19. The oil prices have increased this week, Trend reports.
The average price of Azeri Light crude oil on a CIF basis produced at Azerbaijan's Azeri-Chirag-Guneshli field increased by $4.37 (5.47 percent) compared to last week and amounted to $84.26 per barrel. The maximum price during the mentioned period reached $84.78 per barrel, while the minimum price reached $83.56 per barrel.
The current week's average price for Azeri Light crude oil FOB at the Turkish port of Ceyhan stood at $83.15 per barrel, which is $4.35 or 5.52 percent higher than last week. The highest price totaled $83.69 per barrel, and the lowest was $82.52 per barrel.
The URALS crude oil price averaged $3.77 (5.74 percent) higher than last week at $69.57 per barrel. The top price for URALS reached $70.13 per barrel, and the minimum price reached $68.97 per barrel.
The Dated Brent benchmark oil price rose by $4.25 (5.43 percent) to $82.48 per barrel. The peak price for Dated Brent reached $83.06 per barrel, while the bottom price amounted to $81.9 per barrel.
| Oil grade/date | 13.01.2025 | 14.01.2025 | 15.01.2025 | 16.01.2025 | 17.01.2025 | Average price |
| Azeri LT CIF | $84.53 | $83.56 | $84.78 | $84.07 | $84.37 | $84.26 |
| Azeri Light FOB Ceyhan | $83.50 | $82.52 | $83.69 | $82.88 | $83.16 | $83.15 |
| Urals (EX NOVO) | $70.05 | $68.97 | $70.13 | $69.27 | $69.41 | $69.57 |
| Dated Brent | $82.98 | $81.90 | $83.06 | $82.18 | $82.26 | $82.48 |