Weekly review of Azerbaijan’s oil market

Tokyo, 11 March, /AJMEDIA/

The average price for the Azeri Light CIF oil, produced at the Azeri-Chirag-Gunashli (ACG) field, equaled $85.9 per barrel, up by 45 cents (0.52 percent) compared to the previous price.

The maximum price for Azeri Light CIF oil amounted to $88.04 per barrel, while the minimum price was $84.73.

The average price of Azeri LT FOB Ceyhan totaled $84.04 per barrel this week, rising by 41 cents (0.49 percent) compared to the previous indicator.

The maximum price for Azeri LT FOB Ceyhan amounted to $86.12 per barrel, while the minimum price was $82.85.

The average price of URALS oil sold by Azerbaijan in the Russian Port of Novorossiysk made up $47.67 per barrel this week, which was 23 cents (0.48 percent) more than in the previous week.

The maximum price for URALS oil amounted to $49.5 per barrel, while the minimum price – $46.26.

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 $83.54 per barrel this week, decreasing by 13 cents or 0.15 percent.

The maximum price for Brent Dated amounted to $85.86 per barrel, while the minimum price – $82.36.

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