Today.Az » Business » Weekly review of Azerbaijan's oil market
09 April 2022 [17:15] - Today.Az
By Trend Azerbaijani oil prices have dropped this week, Trend reports. The average price for Azeri Light CIF oil, produced at the Azeri-Chirag-Gunashli (ACG) field, equaled $108.04 per barrel, having declined by $6 (5.26 percent) compared to the previous price. The maximum price for Azeri Light CIF oil amounted to $112.42 per barrel, while the minimum price - was $102.69. The average price of Azeri LT FOB Ceyhan amounted to $106.11 per barrel this week, down by $6.77 (5.99 percent) compared to the previous indicator. The maximum price for Azeri LT FOB Ceyhan amounted to $110.89 per barrel, while the minimum price - was $100.6. The average price of URALS oil sold by Azerbaijan in the Russian Port of Novorossiysk totaled $65.8 per barrel this week, which was $11.1 (14.43 percent) less than in the previous week. The maximum price for URALS oil amounted to $70.85 per barrel, while the minimum price - was $60.05. 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 made up $103.93 per barrel this week, thus decreasing by $8.75 (7.76 percent). The maximum price for Brent Dated amounted to $108.73 per barrel, while the minimum price - $98.28. Oil grade/date | Apr. 4, 2022 | Apr. 5, 2022 | Apr. 6, 2022 | Apr. 7, 2022 | Apr. 8, 2022 | Average price | Azeri LT CIF | $112.42 | $111.62 | $108.62 | $102.69 | $104.85 | $108.04 | Azeri Light FOB Ceyhan | $110.89 | $109.79 | $106.53 | $100.60 | $102.77 | $106.11 | Urals (EX NOVO) | $70.85 | $69.46 | $66.34 | $60.05 | $62.30 | $65.80 | Brent Dated | $108.73 | $107.68 | $104.52 | $98.28 | $100.43 | $103.93 |
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