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Weekly review of Azerbaijani oil market

Oil Materials 31 May 2021 11:53
Baku, Azerbaijan Trend News Agency Zeyni Jafarov
Weekly review of Azerbaijani oil market

The average price for Azeri Light CIF oil, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, made up $69 per barrel last week, having risen by $1.42 (2.1 percent) compared to the previous price, Trend reports.

Last week, the maximum price for Azeri Light CIF oil amounted to $69.67 per barrel, while the minimum - $68.37.

The average price of Azeri LT FOB Ceyhan amounted to $68.37 per barrel last week, increasing by $1.41 (2.1 percent) compared to the previous indicator.

The maximum price for Azeri LT FOB Ceyhan amounted to $69.02 per barrel, while the minimum - $67.75.

Last week, the average price of URALS oil sold by Azerbaijan in the Russian Port of Novorossiysk amounted to $66.06 per barrel, growing by $1.09 (1.7 percent) compared to the previous week.

The maximum price for URALS oil amounted to $66.85 per barrel, while the minimum - $65.31.

Azerbaijan sells its URALS oil from the Russian Black Sea port of Novorossiysk, delivering it through the Baku-Novorossiysk oil pipeline.

Last week, the average price of Brent Dated amounted to $68.93 per barrel, which is $1.07 cents (1.6 percent) more compared to the previous price.

The maximum price for Brent Dated amounted to $69.51 per barrel, while the minimum - $68.37.

Oil grade/date

May 24, 2021

May 25, 2021

May 26, 2021

May 27, 2021

May 28, 2021

Average price

Azeri LT CIF

$68.37

$68.75

$68.99

$69.22

$69.67

$69

Azeri Light FOB Ceyhan

$67.75

$68.13

$68.35

$68.58

$69.02

$68.37

Urals (EX NOVO)

$65.31

$65.87

$66.02

$66.23

$66.85

$66.06

Brent Dated

$68.37

$68.75

$68.93

$69.08

$69.51

$68.93

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