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Weekly review of Azerbaijani oil market

Finance Materials 23 August 2021 11:54 (UTC +04:00)

BAKU, Azerbaijan, Aug. 23

By Zeyni Jafarov – Trend:

Azerbaijani oil prices decreased last week, Trend reports on Aug.23.

So, the average price for Azeri Light CIF oil, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, made up $67.85 per barrel, having reduced by $2.59 (3.7 percent) compared to the previous price.

Last week, the maximum price for Azeri Light CIF oil amounted to $69.71 per barrel, while the minimum - $65.41.

The average price of Azeri LT FOB Ceyhan amounted to $67.19 per barrel last week, down by $2.61 (3.7 percent) compared to the previous indicator.

The maximum price for Azeri LT FOB Ceyhan amounted to $69.06 per barrel, while the minimum - $64.73.

Last week, the average price of URALS oil sold by Azerbaijan in the Russian Port of Novorossiysk amounted to $64.35 per barrel, which is $2.78 (4.1 percent) less compared to the previous week.

The maximum price for URALS oil amounted to $66.19 per barrel, while the minimum - $61.87.

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 $68.58 per barrel, which is $2.46 (3.5 percent) less compared to the previous price.

The maximum price for Brent Dated amounted to $70.38 per barrel, while the minimum - $66.17.

Oil grade/date

Aug. 16, 2021

Aug. 17, 2021

Aug. 18, 2021

Aug. 19, 2021

Aug. 20, 2021

Average price

Azeri LT CIF

$69.52

$69.71

$68.99

$65.41

$65.64

$67.85

Azeri Light FOB Ceyhan

$68.87

$69.06

$68.33

$64.73

$64.95

$67.19

Urals (EX NOVO)

$65.98

$66.19

$65.52

$61.87

$62.18

$64.35

Brent Dated

$70.15

$70.38

$69.75

$66.17

$66.44

$68.58

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Follow the author on Twitter: @jafarov_zeyni

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