Today.Az » Business » Weekly review of Azerbaijan's oil market
23 April 2022 [16:42] - Today.Az
By Trend
Azerbaijani oil prices have fluctuated this week, Trend reports. The average price for Azeri Light CIF oil, produced at the Azeri-Chirag-Gunashli (ACG) field, equaled $105.55 per barrel, having lowered by $3.06 (2.81 percent) compared to the previous price. The maximum price for Azeri Light CIF oil amounted to $110.79 per barrel, while the minimum price – was $102.63. The average price of Azeri LT FOB Ceyhan totaled $106.76 per barrel this week, up by 20 cents (0.18 percent) compared to the previous indicator. The maximum price for Azeri LT FOB Ceyhan amounted to $109.18 per barrel, while the minimum price – was $100.55. The average price of URALS oil sold by Azerbaijan in the Russian Port of Novorossiysk reached $66.36 per barrel this week, which is 56 cents (0.85 percent) more than in the previous week. The maximum price for URALS oil amounted to $68.81 per barrel, while the minimum price – was $60. 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 $104.25 per barrel this week, thus reducing by 53 cents (0.45 percent). The maximum price for Brent Dated amounted to $106.23 per barrel, while the minimum price – was $98.5. Oil grade/date | Apr. 18, 2022 | Apr. 19, 2022 | Apr. 20, 2022 | Apr. 21, 2022 | Apr. 22, 2022 | Average price | Azeri LT CIF | $102.63 | $109.76 | $109.93 | $110.79 | $109.67 | $105.55 | Azeri Light FOB Ceyhan | $100.55 | $107.79 | $108.03 | $109.18 | $108.16 | $106.76 | Urals (EX NOVO) | $60 | $67.44 | $67.54 | $68.81 | $68.03 | $66.36 | Brent Dated | $98.5 | $105.65 | $105.51 | $106.23 | $105.37 | $104.25 |
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