Today.Az » Business » Weekly review of Azerbaijani oil market
12 October 2020 [17:50] - Today.Az
By Trend
The average price for Azeri Light CIF oil, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, amounted to $41.35 per barrel last week (from October 5 through October 9), which is $1.06 (2.6 percent) more compared to the previous price, Trend reports on Oct.12. Last week, the maximum price for Azeri Light CIF oil amounted to $42.29 per barrel, while the minimum - $40.47. The average price of Brent Dated reference-grade oil amounted to $40.95 per barrel last week, up by $0.97 (2.4 percent) compared to the previous indicator. The maximum price for Brent Dated oil amounted to $41.96 per barrel, while the minimum - $39.98. Last week, the average price of URALS oil sold by Azerbaijan in the Russian Port of Novorossiysk amounted to $40.42 per barrel, which is 73 cents (1.8 percent) more compared to the previous week. The maximum price for URALS oil amounted to $41.36 per barrel, while the minimum - $39.57. 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 $40.84 per barrel, which is $1.06 (2.7 percent) more compared to the previous price. The maximum price for Azeri LT FOB Ceyhan amounted to $41.78 per barrel, while the minimum - $39.96. Oil grade/date | Oct. 5, 2020 | Oct. 6, 2020 | Oct. 7, 2020 | Oct.8, 2020 | Oct.9, 2020 | Average price | Azeri LT CIF | $40.$47 | $41.$48 | $40.58 | $41.9$4 | $42.29 | $41.35 | Azeri Light FOB Ceyhan | $39.96 | $40.96 | $40.07 | $41.$42 | $41.78 | $40.8$4 | Urals (EX NOVO) | $39.65 | $40.52 | $39.57 | $40.98 | $41.36 | $40.42 | Brent Dated | $39.98 | $41.07 | $40.19 | $41.56 | $41.96 | $40.95 |
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