Weekly review of Azerbaijan’s oil market

Tokyo, 26 June, /AJMEDIA/

Azerbaijani oil prices have increased this week, AJMEDIA reports.

The average price for the Azeri Light CIF oil, produced at the Azeri-Chirag-Gunashli (ACG) field, equaled $78.39 per barrel, up by $1.36 (1.76 percent) compared to the previous price.

The maximum price for Azeri Light CIF oil amounted to $80.28 per barrel, while the minimum price was $76.57.

The average price of Azeri LT FOB Ceyhan totaled $76.86 per barrel this week, more by $1.28 (1.7 percent) compared to the previous price.

The maximum price for Azeri LT FOB Ceyhan amounted to $78.78 per barrel, while the minimum price was $74.89.

The average price of URALS oil sold by Azerbaijan in the Russian Port of Novorossiysk made up $53.27 per barrel this week, which was $1.69 (3.3 percent) more than in the previous week.

The maximum price for URALS oil amounted to $54.93 per barrel, while the minimum price – $52.04. 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 settled at $74.66 per barrel this week, rising by 65 cents (0.88 percent).

The maximum price for Brent Dated amounted to $76.45 per barrel, while the minimum price – $73.12.

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