Weekly analysis of Azerbaijan's oil market
The price of oil in Azerbaijan has changed recently, Azernews reports.
The average price for Azeri Light CIF oil, produced at the Azeri-Chirag-Gunashli (ACG) field, equaled $87.76 per barrel, up by $1.86 (2.16 percent) compared to the previous price.
The maximum price for Azeri Light CIF oil amounted to $88.08 per barrel, while the minimum price was $87.48.
The average price of Azeri LT FOB Ceyhan totaled $86.09 per barrel last week, growing by $1.86 (2.21 percent) compared to the previous indicator.
The maximum price for Azeri LT FOB Ceyhan amounted to $86.36 per barrel, while the minimum price was $85.8.
The average price of URALS oil sold by Azerbaijan in the Russian Port of Novorossiysk reached $44.75 per barrel last week, which was $1.15 (2.64 percent) more than in the previous week.
The maximum price for URALS oil amounted to $44.92 per barrel, while the minimum price – $44.67.
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 $81.05 per barrel last week, thus rising by 91 cents (1.13 percent).
The maximum price for Brent Dated amounted to $81.33 per barrel, while the minimum price – $80.69.
|
Oil grade/date |
December 28, 2022 |
December 29, 2022 |
December 30, 2022 |
Average price |
|
Azeri LT CIF |
$87.73 |
$87.48 |
$88.08 |
$87.76 |
|
Azeri Light FOB Ceyhan |
$86.1 |
$85.8 |
$86.39 |
$86.09 |
|
Urals (EX NOVO) |
$44.92 |
$44.67 |
$44.67 |
$44.75 |
|
Brent Dated |
$81.14 |
$80.69 |
$81.33 |
$81.05 |
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