Today.Az » Business » Weekly review of Azerbaijani oil market
04 January 2021 [14:52] - Today.Az
By Trend
The average price for Azeri Light CIF oil, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, amounted to $51.15 per barrel last week (from December 28 to January 1), which is $0.09 (0.2 percent) less compared to the previous price, Trend reports on Jan. 4. Last week, the maximum price for Azeri Light CIF oil amounted to $51.29 per barrel, while the minimum - $51. The average price of Azeri LT FOB Ceyhan amounted to $50.58 per barrel last week, down by $0.09 (0.2 percent) compared to the previous indicator. The maximum price for Azeri LT FOB Ceyhan amounted to $50.71 per barrel, while the minimum - $50.42. Last week, the average price of URALS oil sold by Azerbaijan in the Russian Port of Novorossiysk amounted to $46.1 per barrel, which is $2.52 (5.2 percent) less compared to the previous week. The maximum price for URALS oil amounted to $48.86 per barrel, while the minimum - $40.87. 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 $50.64 per barrel, which is $0.13 (0.25 percent) more compared to the previous price. The maximum price for Brent Dated amounted to $50.77 per barrel, while the minimum - $50.49. Oil grade/date | Dec. 28, 2020 | Dec. 29, 2020 | Dec 30, 2020 | Dec. 31, 2020 | Jan.1, 2021 | Average price | Azeri LT CIF | - | $51.2 | $51.29 | $51 | - | $51.16 | Azeri Light FOB Ceyhan | - | $50.62 | $50.71 | $50.42 | - | $50.58 | Urals (EX NOVO) | - | $40.87 | $48.86 | $48.56 | - | $46.1 | Brent Dated | - | $50.66 | $50.77 | $50.49 | - | $50.64 |
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