Weekly review of Azerbaijani oil market

  01 November 2021    Read: 229
Weekly review of Azerbaijani oil market

The average price for Azeri Light CIF oil, produced at the Azeri-Chirag-Gunashli (ACG) field, made up $87.23 per barrel, having grown by 82 cents (0.95 percent) compared to the previous price.

Last week, the maximum price for Azeri Light CIF oil amounted to $88.19 per barrel, while the minimum - $85.78.

The average price of Azeri LT FOB Ceyhan amounted to $86.1 per barrel last week, up by 49 cents (0.6 percent) compared to the previous indicator.

The maximum price for Azeri LT FOB Ceyhan amounted to $87.25 per barrel, while the minimum - $84.83.

Last week, the average price of URALS oil sold by Azerbaijan in the Russian Port of Novorossiysk amounted to $82 per barrel, which is $1.07 (1.3 percent) more compared to the previous week.

The maximum price for URALS oil amounted to $83.05 per barrel, while the minimum - $80.89.

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 $84.69 per barrel, remaining unchanged.

The maximum price for Brent Dated amounted to $86.12 per barrel, while the minimum - $83.41.


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