Azerbaijani oil prices have risen this week
Azerbaijani oil prices have increased this week, Azernews reports.
The average price for Azeri Light CIF oil produced at the Azeri-Chirag-Gunashli (ACG) field was $90.28 per barrel, up $2.51 (2.86%) from the previous price.
The maximum price for Azeri Light CIF oil was $91.23, while the minimum price was $88.73.
This week, the average price of Azeri LT FOB Ceyhan was $88.06 per barrel, up $2.31 (2.7 percent) from the previous indicator.
The maximum price for Azeri LT FOB Ceyhan amounted to $89.01 per barrel, while the minimum price was $86.57.
The average price of URALS oil sold by Azerbaijan in the Russian Port of Novorossiysk totaled $47.28 per barrel this week, which was $4.33 (10.1 percent) more than in the previous week.
The maximum price for URALS oil amounted to $48.78 per barrel, while the minimum price – $45.
Azerbaijan sells its URALS oil from the Russian Black Sea port of Novorossiysk, delivering it through the Baku-Novorossiysk oil pipeline.
The average price of Brent Dated made up $84.7 per barrel this week, rising by $4.33 or 5.38 percent.
The maximum price for Brent Dated amounted to $85.93 per barrel, while the minimum price – $82.84.
Oil grade/date |
January 16, 2023 |
January 17, 2023 |
January 18, 2023 |
January 19, 2023 |
January 20, 2023 |
Average price |
Azeri LT CIF |
$90.35 |
$91.23 |
$91.17 |
$88.73 |
$89.91 |
$90.28 |
Azeri Light FOB Ceyhan |
$88.09 |
$88.99 |
$89.01 |
$86.57 |
$87.63 |
$88.06 |
Urals (EX NOVO) |
$45 |
$46.99 |
$48.54 |
$47.10 |
$48.78 |
$47.28 |
Brent Dated |
$82.84 |
$84.35 |
$85.93 |
$84.50 |
$85.90 |
$84.70 |
(1 USD = AZN1.7 on January 21)
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