Today.Az » Business » Weekly review of Azerbaijan's oil market
25 June 2022 [15:18] - 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 $120.07 per barrel, having decreased by $7.75 (6.06 percent) compared to the previous price. The maximum price for Azeri Light CIF oil amounted to $121.73 per barrel, while the minimum price – was $117.78. The average price of Azeri LT FOB Ceyhan totaled $118.55 per barrel this week, down by $7.91 (6.18 percent) compared to the previous indicator. The maximum price for Azeri LT FOB Ceyhan amounted to $120.18 per barrel, while the minimum price was $116.25. The average price of URALS oil sold by Azerbaijan in the Russian Port of Novorossiysk reached $77.3 per barrel this week, which was $8.19 (9.59 percent) less than in the previous week. The maximum price for URALS oil amounted to $79.01 per barrel, while the minimum price – was $75.02. 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 $118.83 per barrel this week, thus reducing by $7.78 (6.14 percent). The maximum price for Brent Dated amounted to $120.54 per barrel, while the minimum price – was $116.59. Oil grade/date | June 20, 2022 | June 21, 2022 | June 22, 2022 | June 23, 2022 | June 24, 2022 | Average price | Azeri LT CIF | $120.86 | $121.73 | $117.78 | $118.57 | $121.43 | $120.07 | Azeri Light FOB Ceyhan | $119.26 | $120.18 | $116.25 | $117.12 | $119.96 | $118.55 | Urals (EX NOVO) | $78.23 | $79.01 | $75.02 | $75.74 | $78.53 | $77.3 | Brent Dated | $119.74 | $120.54 | $116.59 | $117.33 | $119.95 | $118.83 |
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