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Weekly review of Azerbaijani oil market

Finance Materials 26 July 2021 10:57 (UTC +04:00)
Weekly review of Azerbaijani oil market

BAKU, Azerbaijan, July 26

By Zeyni Jafarov – Trend:

The average price for Azeri Light CIF oil, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, made up $71.54 per barrel last week, having declined by $4.21 (5.6 percent) compared to the previous price, Trend reports.

Last week, the maximum price for Azeri Light CIF oil amounted to $73.95 per barrel, while the minimum - $69.32.

The average price of Azeri LT FOB Ceyhan amounted to $70.88 per barrel last week, down by $4.22 (5.6 percent) compared to the previous indicator.

The maximum price for Azeri LT FOB Ceyhan amounted to $73.3 per barrel, while the minimum - $68.65.

Last week, the average price of URALS oil sold by Azerbaijan in the Russian Port of Novorossiysk amounted to $67.91 per barrel, lower by $3.79 (5.3 percent) compared to the previous week.

The maximum price for URALS oil amounted to $70.27 per barrel, while the minimum - $65.7.

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 $71.81 per barrel, which is $4.18 (5.5 percent) less compared to the previous price.

The maximum price for Brent Dated amounted to $74.2 per barrel, while the minimum - $69.62.

Oil grade/date

July 19, 2021

July 20, 2021

July 21, 2021

July 22, 2021

July 23, 2021

Average price

Azeri LT CIF

$69.33

$69.32

$72.08

$73.03

$73.95

$71.54

Azeri Light FOB Ceyhan

$68.68

$68.65

$71.42

$72.37

$73.3

$70.88

Urals (EX NOVO)

$65.77

$65.7

$68.48

$69.34

$70.27

$67.91

Brent Dated

$69.75

$69.62

$72.27

$73.2

$74.2

$71.81

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Follow the author on Twitter: @jafarov_zeyni

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