Weekly review of Azerbaijan’s oil market

Tokyo, 04 March, /AJMEDIA/

The average price for the Azeri Light CIF oil, produced at the Azeri-Chirag-Gunashli (ACG) field, equaled $85.45 per barrel, up by $1.72 (2.05 percent) compared to the previous price.

The maximum price for Azeri Light CIF oil amounted to $87.08 per barrel, while the minimum price was $83.34.

The average price of Azeri LT FOB Ceyhan totaled $83.63 per barrel this week, rising by $3.34 (2.02 percent) compared to the previous indicator.

The maximum price for Azeri LT FOB Ceyhan amounted to $85.17 per barrel, while the minimum price was $81.61.

The average price of URALS oil sold by Azerbaijan in the Russian Port of Novorossiysk made up $47.44 per barrel this week, which was $1.95 (4.28 percent) more than in the previous week.

The maximum price for URALS oil amounted to $48.75 per barrel, while the minimum price – $45.35.

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 $83.67 per barrel this week, increasing by $2.19 or 2.68 percent.

The maximum price for Brent Dated amounted to $85.17 per barrel, while the minimum price – $81.47.

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