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Weekly review of Azerbaijani oil market

Finance Materials 9 August 2021 10:33 (UTC +04:00)
Weekly review of Azerbaijani oil market

BAKU, Azerbaijan, Aug. 9

By Zeyni Jafarov – Trend:

Azerbaijani oil prices dropped last week, Trend reports.

So, the average price for Azeri Light CIF oil, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, made up $72.11 per barrel, having fallen by $2.73 (3.6 percent) compared to the previous price.

Last week, the maximum price for Azeri Light CIF oil amounted to $73.48 per barrel, while the minimum - $70.92.

The average price of Azeri LT FOB Ceyhan amounted to $71.48 per barrel last week, down by $2.73 (3.7 percent) compared to the previous indicator.

The maximum price for Azeri LT FOB Ceyhan amounted to $72.85 per barrel, while the minimum - $70.29.

Last week, the average price of URALS oil sold by Azerbaijan in the Russian Port of Novorossiysk amounted to $68.89 per barrel, which is $2.2 (3.1 percent) less compared to the previous week.

The maximum price for URALS oil amounted to $70.36 per barrel, while the minimum - $67.68.

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 $72.54 per barrel, which is $2.7 (3.6 percent) less compared to the previous price.

The maximum price for Brent Dated amounted to $73.95 per barrel, while the minimum - $71.27.

Oil grade/date

August 2, 2021

August 3, 2021

August 4, 2021

August 5, 2021

August 6, 2021

Average price

Azeri LT CIF

$73.48

$72.86

$71.55

$71.75

$70.92

$72.11

Azeri Light FOB Ceyhan

$72.85

$72.24

$70.92

$71.12

$70.29

$71.48

Urals (EX NOVO)

$70.36

$69.73

$68.47

$68.2

$67.68

$68.89

Brent Dated

$73.95

$73.4

$71.92

$72.14

$71.27

$72.54

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Follow the author on Twitter: @jafarov_zeyni

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