Weekly review of Azerbaijani oil market

Weekly review of Azerbaijani oil market

BAKU, Azerbaijan, May 10

By Zeyni Jafarov – Trend:

The average price for Azeri Light CIF oil, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, reached $68.65 per barrel last week (from May 3 through May 7), having risen by $2.29 (3.5 percent) compared to the previous price, Trend reports.

Last week, the maximum price for Azeri Light CIF oil amounted to $69.59 per barrel, while the minimum - $68.04.

The average price of Azeri LT FOB Ceyhan amounted to $67.995 per barrel last week, increasing by $2.275 (3.5 percent) compared to the previous indicator.

The maximum price for Azeri LT FOB Ceyhan amounted to $68.93 per barrel, while the minimum - $67.4.

Last week, the average price of URALS oil sold by Azerbaijan in the Russian Port of Novorossiysk amounted to $66.1 per barrel, growing by $2.79 (4.4 percent) compared to the previous week.

The maximum price for URALS oil amounted to $66.99 per barrel, while the minimum - $65.73.

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 $69.36 per barrel, which is $2.58 (3.9 percent) more compared to the previous price.

The maximum price for Brent Dated amounted to $70.3 per barrel, while the minimum - $68.8.

Oil grade/date

May 3, 2021

May 4, 2021

May 5, 2021

May 6, 2021

May 7, 2021

Average price

Azeri LT CIF

-

$68.56

$69.59

$68.39

$68.04

$68.65

Azeri Light FOB Ceyhan

-

$67.9

$68.93

$67.75

$67.4

$67.995

Urals (EX NOVO)

-

$65.91

$66.99

$65.73

$65.78

$66.1

Brent Dated

-

$69.24

$70.3

$69.09

$68.8

$69.36

---

Follow the author on Twitter: @jafarov_zeyni

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