AZƏRBAYCANDA KORONAVIRUSLA BAĞLI XƏBƏRLƏR

Weekly review of Azerbaijani oil market

Weekly review of Azerbaijani oil market

Economy
14 September 2020, 11:57 75
The average price for Azeri Light CIF oil, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, amounted to $41.05 per barrel last week (from September 7 through September 11), which is $3.3 (7.4 percent) less compared to the previous price, Trend reports on Sept.14.
Last week, the maximum price for Azeri Light CIF oil amounted to $42.32 per barrel, while the minimum - $40.3.
The average price of Brent Dated reference grade oil amounted to $39.45 per barrel last week, down $3.08 (7.2 percent) compared to the previous indicator.
The maximum price for Brent Dated oil amounted to $40.5 per barrel, while the minimum - $38.51.
Last week, the average price of URALS oil sold by Azerbaijan in the Russian Port of Novorossiysk amounted to $39.11 per barrel, which is $3.68 (8.6 percent) less compared to the previous week.
The maximum price for URALS oil amounted to $40.52 per barrel, while the minimum - $38.39.
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 Azeri LT FOB Ceyhan amounted to $40.52 per barrel, which is $3.28 (7.5 percent) less compared to the previous price.
The maximum price for Azeri LT FOB Ceyhan amounted to $41.78 per barrel, while the minimum - $39.76.

Oil grade/date

Sept. 7, 2020

Sept. 8, 2020

Sept. 9, 2020

Sept. 10, 2020

Sept. 11, 2020

Average price

Azeri LT CIF

$42.32

$40.3

$41.26

$40.89

$40.5

$41.05

Azeri Light FOB Ceyhan

$41.78

$39.76

$40.73

$40.36

$39.97

$40.52

Urals (EX NOVO)

$40.52

$38.44

$39.39

$38.83

$38.39

$39.11

Brent Dated

$40.5

$38.51

$39.75

$39.44

$39.05

$39.45