Today.Az » Business » Weekly review of Azerbaijani oil market
14 September 2020 [10:21] - Today.Az
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. Oil grade/date | Sept. 7, 2020 | Sept. 8, 2020 | Sept. 9, 2020 | Sept. 10, 2020 | Sept. 11, 2020 | Average price | Azeri LT CIF | $42.32 | $40.3 | $41.26 | $40.89 | $40.5 | $41.05 | Azeri Light FOB Ceyhan | $41.78 | $39.76 | $40.73 | $40.36 | $39.97 | $40.52 | Urals (EX NOVO) | $40.52 | $38.44 | $39.39 | $38.83 | $38.39 | $39.11 | Brent Dated | $40.5 | $38.51 | $39.75 | $39.44 | $39.05 | $39.45 |
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