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Weekly review of Azerbaijani oil market

Finance Materials 19 July 2021 14:32 (UTC +04:00)
Weekly review of Azerbaijani oil market

BAKU, Azerbaijan, July 19

By Zeyni Jafarov – Trend:

The average price for Azeri Light CIF oil, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, made up $75.75 per barrel last week, having declined by 24 cents (0.3 percent) compared to the previous price, Trend reports.

Last week, the maximum price for Azeri Light CIF oil amounted to $76.86 per barrel, while the minimum - $74.11.

The average price of Azeri LT FOB Ceyhan amounted to $75.1 per barrel last week, down by 22 cents (0.3 percent) compared to the previous indicator.

The maximum price for Azeri LT FOB Ceyhan amounted to $76.21 per barrel, while the minimum - $73.46.

Last week, the average price of URALS oil sold by Azerbaijan in the Russian Port of Novorossiysk amounted to $71.7 per barrel, lower by 1 cent (0.01 percent) compared to the previous week.

The maximum price for URALS oil amounted to $72.63 per barrel, while the minimum - $70.26.

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 $75.99 per barrel, which is 13 cents (0.2 percent) less compared to the previous price.

The maximum price for Brent Dated amounted to $76.97 per barrel, while the minimum - $74.52.

Oil grade/date

July 12, 2021

July 13, 2021

July 14, 2021

July 15, 2021

July 16, 2021

Average price

Azeri LT CIF

$76.05

$76.7

$76.86

$75.04

$74.11

$75.75

Azeri Light FOB Ceyhan

$75.38

$76.04

$76.21

$74.4

$73.46

$75.1

Urals (EX NOVO)

$72.13

$72.37

$72.63

$71.12

$70.26

$71.7

Brent Dated

$76.27

$76.78

$76.97

$75.42

$74.52

$75.99

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Follow the author on Twitter: @jafarov_zeyni

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