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Weekly review of Azerbaijani oil market

31 January 2022 [15:51] - TODAY.AZ

By Trend

Azerbaijani oil prices increased last week, Trend reports on Jan. 31.

The average price for Azeri Light CIF oil, produced at the Azeri-Chirag-Gunashli (ACG) field, reached $92.38 per barrel, having grown by 95 cents (one percent) compared to the previous price.

The maximum price for Azeri Light CIF oil amounted to $94.66 per barrel, while the minimum price - $89.1.

The average price of Azeri LT FOB Ceyhan amounted to $91.52 per barrel last week, up by 90 cents (one percent) compared to the previous indicator.

The maximum price for Azeri LT FOB Ceyhan amounted to $93.72 per barrel, while the minimum price - $88.27.

The average price of URALS oil sold by Azerbaijan in the Russian Port of Novorossiysk amounted to $87.17 per barrel last week, which is $1.04 (1.2 percent) more than in the previous week.

The maximum price for URALS oil amounted to $89.05 per barrel, while the minimum price - $84.21.

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 amounted to $90.62 per barrel last week, thus increasing by $1.13 (1.3 percent).

The maximum price for Brent Dated amounted to $92.86 per barrel, while the minimum price - $87.52.

Oil grade/date

Jan. 24, 2022

Jan.25, 2022

Jan. 26, 2022

Jan. 27, 2022

Jan. 28, 2022

Average price

Azeri LT CIF

$89.10

$91.16

$93.84

$93.17

$94.66

$92.38

Azeri Light FOB Ceyhan

$88.27

$90.34

$92.98

$92.3

$93.72

$91.52

Urals (EX NOVO)

$84.21

$86.22

$88.55

$87.86

$89.05

$87.17

Brent Dated

$87.52

$89.45

$92.02

$91.29

$92.86

$90.62

URL: http://www.today.az/news/business/215054.html

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