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Weekly review of Azerbaijani oil market

Finance Materials 19 April 2021 11:41 (UTC +04:00)
Weekly review of Azerbaijani oil market

BAKU, Azerbaijan, Apr.19

By Zeyni Jafarov – Trend:

The average price for Azeri Light CIF oil, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, reached $64.94 per barrel last week (from Apr.5 through Apr.9), having risen by $2.45 (3.9 percent) compared to the previous price, Trend reports.

Last week, the maximum price for Azeri Light CIF oil amounted to $66.28 per barrel, while the minimum - $62.95.

The average price of Azeri LT FOB Ceyhan amounted to $64.29 per barrel last week, increasing by $2.53 (4.1 percent) compared to the previous indicator.

The maximum price for Azeri LT FOB Ceyhan amounted to $65.64 per barrel, while the minimum - $62.26.

Last week, the average price of URALS oil sold by Azerbaijan in the Russian Port of Novorossiysk amounted to $61.99 per barrel, growing by $2.75 (4.6 percent) compared to the previous week.

The maximum price for URALS oil amounted to $63.34 per barrel, while the minimum - $59.81.

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 $64.56 per barrel, which is $2.64 (4.3 percent) more compared to the previous price.

The maximum price for Brent Dated amounted to $65.91 per barrel, while the minimum - $62.57.

Oil grade/date

Apr.12, 2021

Apr.13, 2021

Apr.14, 2021

Apr.15, 2021

Apr.16, 2021

Average price

Azeri LT CIF

$62.95

$63.53

$65.92

$66.04

$66.28

$64.94

Azeri Light FOB Ceyhan

$62.26

$62.87

$65.28

$65.4

$65.64

$64.29

Urals (EX NOVO)

$59.81

$60.46

$63.12

$63.24

$63.34

$61.99

Brent Dated

$62.57

$63.09

$65.67

$65.54

$65.91

$64.56

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Follow the author on Twitter: @jafarov_zeyni

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