Today.Az » Business » Weekly review of Azerbaijan's oil market
28 May 2022 [17:43] - Today.Az
By Trend Azerbaijani oil prices have risen this week, Trend reports. The average price for Azeri Light CIF oil, produced at the Azeri-Chirag-Gunashli (ACG) field, equaled $124.02 per barrel, having increased by $3.7 (3.1 percent) compared to the previous price. The maximum price for Azeri Light CIF oil amounted to $125.91 per barrel, while the minimum price – was $122.7. The average price of Azeri LT FOB Ceyhan totaled $122.96 per barrel this week, up by $3.73 (3.12 percent) compared to the previous indicator. The maximum price for Azeri LT FOB Ceyhan amounted to $124.86 per barrel, while the minimum price was $121.65. The average price of URALS oil sold by Azerbaijan in the Russian Port of Novorossiysk reached $79.45 per barrel this week, which was $3.13 (4.1 percent) more than in the previous week. The maximum price for URALS oil amounted to $81.99 per barrel, while the minimum price – was $77.91. 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 $117.09 per barrel this week, thus increasing by $3.86 (3.4 percent). The maximum price for Brent Dated amounted to $119.67 per barrel, while the minimum price – was $115.53. Oil grade/date | May 23, 2022 | May 24, 2022 | May 25, 2022 | May 26, 2022 | May 27, 2022 | Average price | Azeri LT CIF | $122.70 | $122.94 | $122.81 | $125.75 | $125.91 | $124.02 | Azeri Light FOB Ceyhan | $121.65 | $121.88 | $121.75 | $124.69 | $124.86 | $122.96 | Urals (EX NOVO) | $77.91 | $78.15 | $78.15 | $81.05 | $81.99 | $79.45 | Brent Dated | $115.53 | $115.82 | $115.74 | $118.69 | $119.67 | $117.09 |
(1 USD = 1.7 AZN on May 28)
|
