Weekly review of Azerbaijan’s oil prices

Tokyo, 21 November, /AJMEDIA/

The price of oil decreased this week, AJMEDIA reports.

The average price for the Azeri Light CIF crude oil, which is extracted from the Azeri–Chirag–Gunashli field, decreased by $4.48 (4.54 percent) in comparison to the previous week’s rate, and compiled at $94.12 per barrel.

The highest oil price during the accounting period was $97.28, and the lowest was $89.85 per barrel.

This week’s average price for Azeri Light FOB crude oil in the port of Ceyhan (Turkiye) was $91.60 per barrel, which is $4.84 (5 percent) lower than the previous week’s rates.

The highest oil price was $95.06, and the lowest was $86.90 per barrel.

This week’s average price for URALS oil was $61.62 per barrel, down $5.61 (8.34 percent) from the previous week’s rate.

The highest price for URALS was $65.17, while the lowest was $56.73 per barrel. Azerbaijani oil sold at the Russian terminal is delivered there via the Baku-Novorossiysk pipeline.

The highest price for Brent was $95.51, while the lowest was $88.41 per barrel.

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