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Weekly review of Azerbaijani oil prices

Oil&Gas Materials 5 April 2025 17:48 (UTC +04:00)
Weekly review of Azerbaijani oil prices
Sadig Javadov
Sadig Javadov
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BAKU, Azerbaijan, April 5. The average prices of Azeri LT CIF, Azeri Light FOB Ceyhan, and Urals (EX NOVO) crude oil decreased, while Dated Brent grew this week, Trend reports.

The average price of Azeri Light crude oil on a CIF basis produced at Azerbaijan's Azeri-Chirag-Gunashli field went down by $0.02 (0.03 percent) compared to last week and amounted to $75.7 per barrel. The maximum price during the mentioned period was $78.71 per barrel, while the minimum price was $69.64 per barrel.

This week's average price for Azeri Light crude oil FOB at the Turkish port of Ceyhan amounted to $73.96 per barrel, which is $0.04 (0.05 percent) less than last week. The highest price totaled $76.91 per barrel, and the lowest was $68.02 per barrel.

The price of URALS crude oil decreased to an average of $58.93 per barrel, reflecting a dip of 0.38 (0.64 percent) compared to last week. The highest price for URALS hit $62.3 per barrel, while the lowest came in at $51.89 per barrel.

The Dated Brent benchmark oil price rose by $0.27 (0.36 percent) to $74.55 per barrel. The peak price for Dated Brent reached $77.68 per barrel, and the lowest settled at $67.9 per barrel.

Oil grade/date

31.03.2025

01.04.2025

02.04.2025

03.04.2025

04.04.2025

Average price

Azeri LT CIF

$78.29

$78.71

$78.38

$73.49

$69.64

$75.7

Azeri Light FOB Ceyhan

$76.46

$76.91

$76.62

$71.81

$68.02

$73.96

Urals (EX NOVO)

$61.87

$62.3

$62

$56.6

$51.89

$58.93

Dated Brent

$77.27

$77.68

$77.39

$72.49

$67.9

$74.55

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