Today.Az » Business » Weekly review of Azerbaijan's oil market
17 September 2022 [22:51] - 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 $96.1 per barrel, having risen by 87 cents (0.92 percent) compared to the previous price. The maximum price for Azeri Light CIF oil amounted to $97.6 per barrel, while the minimum price was $93.89. The average price of Azeri LT FOB Ceyhan has totaled $94.68 per barrel this week, up by 92 cents (0.98 percent) compared to the previous indicator. The maximum price for Azeri LT FOB Ceyhan amounted to $96.21 per barrel, while the minimum price was $92.47. The average price of URALS oil sold by Azerbaijan in the Russian Port of Novorossiysk reached $67.36 per barrel this week, which was 24 cents (0.35 percent) less than in the previous week. The maximum price for URALS oil amounted to $69.48 per barrel, while the minimum price - $64.8. 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 $91.61 per barrel this week, thus increasing by 99 cents (0.89 percent). The maximum price for Brent Dated amounted to $93.21 per barrel, while the minimum price –$89.23. Oil grade/date | September 12, 2022 | September 13, 2022 | September 14, 2022 | September 15, 2022 | September 16, 2022 | Average price | Azeri LT CIF | $97.6 | $95.86 | $97.49 | $93.89 | $95.64 | $96.1 | Azeri Light FOB Ceyhan | $96.21 | $94.52 | $96.08 | $92.47 | $94.11 | $94.68 | Urals (EX NOVO) | $69.48 | $67.38 | $68.66 | $64.8 | $66.5 | $67.36 | Brent Dated | $93.21 | $91.45 | $93.13 | $89.23 | $91.02 | $91.61 |
( 1 USD = 1.7 AZN on September 17)
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