Weekly review of Azerbaijan’s oil market

Tokyo, 10 December, /AJMEDIA/

Oil prices in Azerbaijan decreased 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 $4.55 (5.34 percent) compared to last week and amounted to $80.67 per barrel.

The maximum price during the reporting period was $82.68 per barrel, and the minimum – $78.72 per barrel.

Besides, this week, the average price of Azeri Light oil based on FOB in the Turkish port of Ceyhan was $79.17 per barrel, which is $4.49 (5.36 percent) less from the week before. The maximum price was $81.18 per barrel, and the minimum – $77.19 per barrel.

The average price of URALS crude oil decreased by $5.32 (8.09 percent) compared to last week and amounted to $60.48 per barrel. The maximum price for URALS reached $62.79 per barrel, and the minimum – $58.26 per barrel.

The average price for Brent crude oil fell by $4.99 (6.15 percent) and amounted to $81.22 per barrel. The maximum price for Brent reached $78.25 per barrel, and the minimum – $74.3 per barrel.

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