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 $68.92 per barrel last week (from Mar.8 through Mar.12), which is growth by $2.6 (3.9 percent) compared to the previous price, Trend reports on Mar.15.

Last week, the maximum price for Azeri Light CIF oil amounted to $69.84 per barrel, while the minimum - $67.6.

The average price of Azeri LT FOB Ceyhan amounted to $68.11 per barrel last week, up to $2.58 (3.9 percent) compared to the previous indicator.

The maximum price for Azeri LT FOB Ceyhan amounted to $69 per barrel, while the minimum - $66.81.

Last week, the average price of URALS oil sold by Azerbaijan in the Russian Port of Novorossiysk amounted to $65.62 per barrel, showing an increase of $3.13 (5 percent) compared to the previous week.

The maximum price for URALS oil amounted to $66.52 per barrel, while the minimum - $64.36.

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 $68.24 per barrel, which is $2.09 (3.2 percent) more compared to the previous price.

The maximum price for Brent Dated amounted to $69.29 per barrel, while the minimum - $66.76.