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Weekly review of Azerbaijani oil market

Finance Materials 16 August 2021 11:05 (UTC +04:00)

BAKU, Azerbaijan, Aug. 16

By Zeyni Jafarov – Trend:

Azerbaijani oil prices decreased last week, Trend reports on Aug.16.

So, the average price for Azeri Light CIF oil, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, made up $70.44 per barrel, having reduced by $1.67 (2.3 percent) compared to the previous price.

Last week, the maximum price for Azeri Light CIF oil amounted to $71.08 per barrel, while the minimum - $68.96.

The average price of Azeri LT FOB Ceyhan amounted to $69.8 per barrel last week, down by $1.68 (2.4 percent) compared to the previous indicator.

The maximum price for Azeri LT FOB Ceyhan amounted to $70.42 per barrel, while the minimum - $68.33.

Last week, the average price of URALS oil sold by Azerbaijan in the Russian Port of Novorossiysk amounted to $67.13 per barrel, which is $1.76 (2.6 percent) less compared to the previous week.

The maximum price for URALS oil amounted to $67.83 per barrel, while the minimum - $65.76.

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 $71.04 per barrel, which is $1.5 (2.1 percent) less compared to the previous price.

The maximum price for Brent Dated amounted to $71.69 per barrel, while the minimum - $69.61.

Oil grade/date

Aug.9, 2021

Aug.10, 2021

Aug. 11, 2021

Aug. 12, 2021

Aug. 13, 2021

Average price

Azeri LT CIF

$68.96

$70.97

$70.17

$71.08

$71.02

$70.44

Azeri Light FOB Ceyhan

$68.33

$70.34

$69.53

$70.42

$70.37

$69.8

Urals (EX NOVO)

$65.76

$67.83

$66.81

$67.57

$67.68

$67.13

Brent Dated

$69.61

$71.69

$70.69

$71.62

$71.58

$71.04

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Follow the author on Twitter: @jafarov_zeyni

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