Today.Az » Business » Weekly review of Azerbaijani oil market
24 January 2022 [18:15] - Today.Az
By Trend
Azerbaijani oil prices increased last week, Trend reports on Jan. 24. The average price for Azeri Light CIF oil, produced at the Azeri-Chirag-Gunashli (ACG) field, reached $91.43 per barrel, having grown by $3.99 (4.56 percent) compared to the previous price. The maximum price for Azeri Light CIF oil amounted to $92.89 per barrel, while the minimum price - $89.84. The average price of Azeri LT FOB Ceyhan amounted to $90.62 per barrel last week, up by $7.55 (9.1 percent) compared to the previous indicator. The maximum price for Azeri LT FOB Ceyhan amounted to $92.08 per barrel, while the minimum price - $89.03. The average price of URALS oil sold by Azerbaijan in the Russian Port of Novorossiysk amounted to $86.13 per barrel last week, which is $4.05 (4.93 percent) more than in the previous week. The maximum price for URALS oil amounted to $87.58 per barrel, while the minimum price - $84.32. 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 $89.49 per barrel last week, thus increasing by $4.17 (4.88 percent). The maximum price for Brent Dated amounted to $90.92 per barrel, while the minimum price - $87.72. Oil grade/date | Jan. 17, 2022 | Jan.18, 2022 | Jan. 19, 2022 | Jan. 20, 2022 | Jan. 21, 2022 | Average price | Azeri LT CIF | $89.84 | $90.56 | $92.49 | $92.89 | $91.41 | $91.43 | Azeri Light FOB Ceyhan | $89.03 | $89.73 | $91.68 | $92.08 | $90.61 | $90.62 | Urals (EX NOVO) | $84.32 | $85.14 | $87.11 | $87.58 | $86.50 | $86.13 | Brent Dated | $87.72 | $88.53 | $90.51 | $90.92 | $89.81 | $89.49 |
(1 USD = 1.7 AZN on Jan. 24)
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