Weekly review of Azerbaijan’s oil market

Tokyo, 16 September, /AJMEDIA/

Azerbaijani oil prices have increased this week, AJMEDIA reports.

The average price of Azeri LT CIF Augusta crude oil, which is produced at the Azeri-Chirag-Gunashli block of Azerbaijani fields, increased by $2.98 (3.1 percent) compared to last week and amounted to $99.04 per barrel. The maximum price for this period reached $100.56 per barrel, and the minimum was $96.73 per barrel.

This week, the average price of Azeri Light oil based on FOB in the Turkish port of Ceyhan was $98.16 per barrel, which is $3.03 (3.19 percent) more than last week. The maximum price was $99.69 per barrel, and the minimum price was $95.84 per barrel.

The average price of URALS crude oil increased by $2.54 (3.28 percent) compared to last week and amounted to $80.03 per barrel. The maximum price for URALS reached $81.44 per barrel, and the minimum was $77.78 per barrel.

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