Weekly review of Azerbaijan's oil market

By Trend

Azerbaijani oil prices dropped this week, Trend reports.

The average price for Azeri Light CIF oil, produced at the Azeri-Chirag-Gunashli (ACG) field, equaled $99.37 per barrel, having reduced by 76 cents (0.76 percent) compared to the previous price.

The maximum price for Azeri Light CIF oil amounted to $102.15 per barrel, while the minimum price was $95.6.

The average price of Azeri LT FOB Ceyhan totaled $97.67 per barrel this week, down by $1.36 (1.37 percent) compared to the previous indicator.

The maximum price for Azeri LT FOB Ceyhan amounted to $100.39 per barrel, while the minimum price was $93.93.

The average price of URALS oil sold by Azerbaijan in the Russian Port of Novorossiysk reached $77.04 per barrel this week, which was $2.7 (3.5 percent) less than in the previous week.

The maximum price for URALS oil amounted to $78.18 per barrel, while the minimum price - $70.07.

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 $96.51 per barrel this week, thus decreasing by $1.62 (1.65 percent).

The maximum price for Brent Dated amounted to $99.67 per barrel, while the minimum price –$92.58.

( 1 USD = 1.7 AZN on September 3)