Today.Az » Business » Weekly review of Azerbaijani oil market
17 January 2022 [13:49] - Today.Az
By Trend Azerbaijani oil prices increased last week, Trend reports on Jan. 17. The average price for Azeri Light CIF oil, produced at the Azeri-Chirag-Gunashli (ACG) field, reached $87.44 per barrel, having grown by $3.84 (4.6 percent) compared to the previous price. The maximum price for Azeri Light CIF oil amounted to $89.12 per barrel, while the minimum price - $84.67. The average price of Azeri LT FOB Ceyhan amounted to $83.07 per barrel last week, up by $7.23 (9.5 percent) compared to the previous indicator. The maximum price for Azeri LT FOB Ceyhan amounted to $83.96 per barrel, while the minimum price - $81.67. The average price of URALS oil sold by Azerbaijan in the Russian Port of Novorossiysk amounted to $82.08 per barrel last week, which is $4.14 (5.35 percent) more than in the previous week. The maximum price for URALS oil amounted to $83.69 per barrel, while the minimum price - $79.05. 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 amounted to $85.32 per barrel last week, thus increasing by $4.98 (6.2 percent). The maximum price for Brent Dated amounted to $86.97 per barrel, while the minimum price - $82.25. Oil grade/date | Jan. 10, 2022 | Jan. 11, 2022 | Jan. 12, 2022 | Jan. 13, 2022 | Jan. 14, 2022 | Average price | Azeri LT CIF | $84.67 | $86.88 | $88.45 | $88.12 | $89.12 | $87.44 | Azeri Light FOB Ceyhan | $83.96 | $81.67 | $83.2 | $82.83 | $83.69 | $83.07 | Urals (EX NOVO) | $79.05 | $81.67 | $83.2 | $82.83 | $83.69 | $82.08 | Brent Dated | $82.25 | $84.65 | $86.53 | $86.20 | $86.97 | $85.32 |
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