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Weekly review of Azerbaijani oil prices

Finance Materials 11 January 2021 11:54 (UTC +04:00)
Weekly review of Azerbaijani oil prices

BAKU, Azerbaijan, Jan. 11

By Zeyni Jafarov – Trend:

The average price for Azeri Light CIF oil, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, amounted to $53.81 per barrel last week (from Jan.4 to Jan. 8), which is $2.65 (5.2 percent) more compared to the previous price, Trend reports on Jan. 11.

Last week, the maximum price for Azeri Light CIF oil amounted to $55.76 per barrel, while the minimum - $50.92.

The average price of Azeri LT FOB Ceyhan amounted to $53.23 per barrel last week, up by $2.65 (5.2 percent) compared to the previous indicator.

The maximum price for Azeri LT FOB Ceyhan amounted to $55.2 per barrel, while the minimum - $50.34.

Last week, the average price of URALS oil sold by Azerbaijan in the Russian Port of Novorossiysk amounted to $51.51 per barrel, which is $5.41 (11.7 percent) more compared to the previous week.

The maximum price for URALS oil amounted to $53.56 per barrel, while the minimum - $48.48.

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 Brent Dated amounted to $53.28 per barrel, which is $2.64 (5.2 percent) more compared to the previous price.

The maximum price for Brent Dated amounted to $55.29 per barrel, while the minimum - $50.34.

Oil grade/date

Jan.4, 2020

Jan.5, 2020

Jan.6, 2020

Jan.7, 2020

Jan.8, 2021

Average price

Azeri LT CIF

$50.92

$52.94

$54.73

$54.7

$55.76

$53.81

Azeri Light FOB Ceyhan

$50.34

$52.36

$54.15

$54.12

$55.2

$53.23

Urals (EX NOVO)

$48.48

$50.55

$52.5

$52.46

$53.56

$51.51

Brent Dated

$50.34

$52.41

$54.23

$54.15

$55.29

$53.28

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