Today.Az » Business » Weekly review of Azerbaijan's oil market
15 October 2022 [15:42] - 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 $98.40 per barrel, up by 36 cents (0.37 percent) compared to the previous price. The maximum price for Azeri Light CIF oil amounted to $102 per barrel, while the minimum price was $96.14. The average price of Azeri LT FOB Ceyhan totaled $96.6 per barrel this week, which is a growth of 30 cents (0.31 percent) compared to the previous indicator. The maximum price for Azeri LT FOB Ceyhan amounted to $100.29 per barrel, while the minimum price was $94.23. The average price of URALS oil sold by Azerbaijan in the Russian Port of Novorossiysk reached $68.5 per barrel this week, which was 8 cents (0.12 percent) more than in the previous week. The maximum price for URALS oil amounted to $72.34 per barrel, while the minimum price - $65.96. 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 $94.73 per barrel this week, thus reducing by 5 cents (0.05 percent). The maximum price for Brent Dated amounted to $98.40 per barrel, while the minimum price –$92.88. Oil grade/date | October 10, 2022 | October 11, 2022 | October 12, 2022 | October 13, 2022 | October 14, 2022 | Average price | Azeri LT CIF | $102 | $98.83 | $96.94 | $97.98 | $96.14 | $98.40 | Azeri Light FOB Ceyhan | $100.29 | $97.12 | $95.23 | $96.14 | $94.23 | $96.60 | Urals (EX NOVO) | $72.34 | $69.18 | $67.31 | $67.70 | $65.96 | $68.50 | Brent Dated | $98.40 | $95.34 | $93.08 | $93.98 | $92.88 | $94.73 |
(1 USD = 1.7 AZN on October 15)
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