Weekly review of Azerbaijan’s oil market

Tokyo, 26 November, /AJMEDIA/

Oil prices in Azerbaijan changed in different directions 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, decreased by 13 cents (0.15 percent) compared to last week and amounted to $85.22 per barrel.

The maximum price during the reporting period was $86.86 per barrel, and the minimum – $83.17 per barrel.

Besides, this week, the average price of Azeri Light oil based on FOB in the Turkish port of Ceyhan was $83.56 per barrel, which is 16 cents (0.19 percent) more from the week before. The maximum price was $85.13 per barrel, and the minimum – $81.56 per barrel.

The average price of URALS crude oil decreased by $1.4 (2.06 percent) compared to last week and amounted to $66.64 per barrel. The maximum price for URALS reached $69.17 per barrel, and the minimum – $64.34 per barrel.

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