Industry

Weekly review of Azerbaijan’s oil market

BAKU, Azerbaijan, Azerbaijani oil prices have decreased this week, Trend reports.

 

The average price for Azeri Light CIF oil, produced at the Azeri-Chirag-Gunashli (ACG) field, equaled $87.37 per barrel, down by $6.75 (7.17 percent) compared to the previous price.

 

The maximum price for Azeri Light CIF oil amounted to $91.09 per barrel, while the minimum price was $85.19.

 

The average price of Azeri LT FOB Ceyhan totaled $84.12 per barrel this week, decreasing by $7.48 (8.16 percent) compared to the previous indicator.

 

The maximum price for Azeri LT FOB Ceyhan amounted to $87.87 per barrel, while the minimum price was $83.54.

 

The average price of URALS oil sold by Azerbaijan in the Russian Port of Novorossiysk reached $53.2 per barrel this week, which was $8.42 (13.66 percent) less than in the previous week.

 

The maximum price for URALS oil amounted to $56.78 per barrel, while the minimum price – $50.89.

 

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 $85.78 per barrel this week, thus reducing by $6.52 (7.06 percent).

 

The maximum price for Brent Dated amounted to $89.4 per barrel, while the minimum price – $83.2.

(1 USD = 1.7 AZN on November 26)

 

Source: TREND News Agency