Weekly review of Azerbaijan's oil market

By Trend

Azerbaijani oil prices have increased this week, Trend reports.

The average price for Azeri Light CIF oil, produced at the Azeri-Chirag-Gunashli (ACG) field, equaled $96.18 per barrel, up by $2.18 (2.3 percent) compared to the previous price.

The maximum price for Azeri Light CIF oil amounted to $97.67 per barrel, while the minimum price was $94.8.

The average price of Azeri LT FOB Ceyhan totaled $94.02 per barrel this week, growing by $2.19 (2.4 percent) compared to the previous indicator.

The maximum price for Azeri LT FOB Ceyhan amounted to $95.51 per barrel, while the minimum price was $92.66.

The average price of URALS oil sold by Azerbaijan in the Russian Port of Novorossiysk reached $67.52 per barrel this week, which was $3.86 (6.06 percent) more than in the previous week.

The maximum price for URALS oil amounted to $69.54 per barrel, while the minimum price – $65.33.

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 $93.17 per barrel this week, thus rising by $2.42 (2.6 percent).

The maximum price for Brent Dated amounted to $95.01 per barrel, while the minimum price – $91.41.

(1 USD = 1.7 AZN on October 29)