BAKU, Azerbaijan, Aug. 10
By Eldar Janashvili – Trend:
The average price for Azeri Light CIF oil, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, amounted to $46.02 per barrel last week (from August 3 through August 10), which is $1.74 or 3.9 percent more compared to the previous price, Trend reports.
Last week, the maximum price for Azeri Light CIF oil amounted to $47.16 per barrel, while the minimum - $45.39.
The average price of Brent Dated reference grade oil amounted to $44.73 per barrel last week or 3.9 percent more compared to the previous indicator.
The maximum price for Brent Dated oil amounted to $43.89 per barrel, while the minimum - $42.1.
Last week, the average price of URALS oil sold by Azerbaijan in the Russian Port of Novorossiysk amounted to $43.95 per barrel, which is $1.71 or 4.1 percent more compared to the previous week.
The maximum price for URALS oil amounted to $45.09 per barrel, while the minimum - $43.32.
Azerbaijan sells its URALS oil from the Russian Black Sea port of Novorossiysk, delivering it through the Baku-Novorossiysk oil pipeline.
Last week, the average price of Azeri LT FOB Ceyhan amounted to $45.43 per barrel, which is $1.77 or 4 percent more compared to the previous price.
The maximum price for Azeri LT FOB Ceyhan amounted to $46.57 per barrel, while the minimum - $44.8.
Oil grade/date |
Aug. 3, 2020 |
Aug. 4, 2020 |
Aug. 5, 2020 |
Aug. 6, 2020 |
Aug. 7, 2020 |
Average price |
Azeri LT CIF |
$45.39 |
$45.45 |
$47.16 |
$46.46 |
$45.62 |
$46.016 |
Azeri Light FOB Ceyhan |
$44.8 |
$44.86 |
$46.57 |
$45.87 |
$45.03 |
$45.426 |
Urals (EX NOVO) |
$43.48 |
$43.53 |
$45.09 |
$44.35 |
$43.32 |
$43.954 |
Brent Dated |
$44.05 |
$44.17 |
$45.92 |
$45.26 |
$44.26 |
$44.732 |