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Weekly review of Azerbaijani oil market

Finance Materials 30 August 2021 12:14 (UTC +04:00)

BAKU, Azerbaijan, Aug. 30

By Zeyni Jafarov – Trend:

Azerbaijani oil prices increased last week, Trend reports on Aug.30.

So, the average price for Azeri Light CIF oil, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, made up $70.14 per barrel, having grown by $2.29 (3.4 percent) compared to the previous price.

Last week, the maximum price for Azeri Light CIF oil amounted to $71.43 per barrel, while the minimum - $68.12.

The average price of Azeri LT FOB Ceyhan amounted to $69.46 per barrel last week, up by $2.27 (3.4 percent) compared to the previous indicator.

The maximum price for Azeri LT FOB Ceyhan amounted to $70.74 per barrel, while the minimum - $67.44.

Last week, the average price of URALS oil sold by Azerbaijan in the Russian Port of Novorossiysk amounted to $66.78 per barrel, which is $2.43 (3.8 percent) more compared to the previous week.

The maximum price for URALS oil amounted to $68.03 per barrel, while the minimum - $64.71.

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 $70.78 per barrel, which is $2.2 (3.2 percent) more compared to the previous price.

The maximum price for Brent Dated amounted to $71.81 per barrel, while the minimum - $68.94.

Oil grade/date

Aug. 23, 2021

Aug. 24, 2021

Aug. 25, 2021

Aug. 26, 2021

Aug. 27, 2021

Average price

Azeri LT CIF

$68.12

$70.12

$70.61

$70.44

$71.43

$70.14

Azeri Light FOB Ceyhan

$67.44

$69.44

$69.93

$69.75

$70.74

$69.46

Urals (EX NOVO)

$64.71

$66.73

$67.4

$67.05

$68.03

$66.78

Brent Dated

$68.94

$70.89

$71.33

$70.94

$71.81

$70.78

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Follow the author on Twitter: @jafarov_zeyni

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