Weekly review of Azerbaijani oil market

By Trend

The average price for Azeri Light CIF oil, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, amounted to $41.05 per barrel last week (from September 7 through September 11), which is $3.3 (7.4 percent) less compared to the previous price, Trend reports on Sept.14.

Last week, the maximum price for Azeri Light CIF oil amounted to $42.32 per barrel, while the minimum - $40.3.

The average price of Brent Dated reference grade oil amounted to $39.45 per barrel last week, down $3.08 (7.2 percent) compared to the previous indicator.

The maximum price for Brent Dated oil amounted to $40.5 per barrel, while the minimum - $38.51.

Last week, the average price of URALS oil sold by Azerbaijan in the Russian Port of Novorossiysk amounted to $39.11 per barrel, which is $3.68 (8.6 percent) less compared to the previous week.

The maximum price for URALS oil amounted to $40.52 per barrel, while the minimum - $38.39.

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 Azeri LT FOB Ceyhan amounted to $40.52 per barrel, which is $3.28 (7.5 percent) less compared to the previous price.

The maximum price for Azeri LT FOB Ceyhan amounted to $41.78 per barrel, while the minimum - $39.76.