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Weekly review of Azerbaijan's oil market

Oil Materials 21 January 2023 10:53
Baku, Azerbaijan Trend News Agency
Weekly review of Azerbaijan's oil market

Azerbaijani oil prices have increased this week, Trend reports.

The average price for Azeri Light CIF oil, produced at the Azeri-Chirag-Gunashli (ACG) field, equaled $90.28 per barrel, up by $2.51 (2.86 percent) compared to the previous price.

The maximum price for Azeri Light CIF oil amounted to $91.23 per barrel, while the minimum price was $88.73.

The average price of Azeri LT FOB Ceyhan totaled $88.06 per barrel this week, increasing by $2.31 (2.7 percent) compared to the previous indicator.

The maximum price for Azeri LT FOB Ceyhan amounted to $89.01 per barrel, while the minimum price was $86.57.

The average price of URALS oil sold by Azerbaijan in the Russian Port of Novorossiysk totaled $47.28 per barrel this week, which was $4.33 (10.1 percent) more than in the previous week.

The maximum price for URALS oil amounted to $48.78 per barrel, while the minimum price – $45.

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 made up $84.7 per barrel this week, rising by $4.33 or 5.38 percent.

The maximum price for Brent Dated amounted to $85.93 per barrel, while the minimum price – $82.84.

Oil grade/date

January 16, 2023

January 17, 2023

January 18, 2023

January 19, 2023

January 20, 2023

Average price

Azeri LT CIF

$90.35

$91.23

$91.17

$88.73

$89.91

$90.28

Azeri Light FOB Ceyhan

$88.09

$88.99

$89.01

$86.57

$87.63

$88.06

Urals (EX NOVO)

$45

$46.99

$48.54

$47.10

$48.78

$47.28

Brent Dated

$82.84

$84.35

$85.93

$84.50

$85.90

$84.70

(1 USD = 1.7 AZN on January 21)

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