Industry

Weekly review of Azerbaijan’s oil market

BAKU, Azerbaijan, 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.

(1 USD = 1.7 AZN on October 15)

 

Source: TREND News Agency