BAKU, Azerbaijan, August 26. Last week, there has been a decrease in the price of Azerbaijani oil, TurkicWorld reports.
The price of Azeri Light crude oil on a CIF basis, straight from the Azeri-Chirag-Guneshli field in Azerbaijan, dropped by $4.19 (4.95 percent) compared to the previous week, reaching a solid $80.32 per barrel. The price during that time period hit the roof at $82.45 per barrel, while it hit rock bottom at $79.35 per barrel.
The Azeri Light crude oil price averaged $79.21 per barrel FOB in Türkiye's Ceyhan port last week, down $4.2, or 5.03 percent, from the previous week. The maximum price was $81.34 per barrel, and the minimum was $78.24 per barrel.
The URALS crude oil price averaged $3.33 (4.8 percent) lower than the previous week at $65.97 per barrel. The maximum price for URALS reached $67.45 per barrel, and the minimum price reached $65.11 per barrel.
The benchmark Dated Brent crude oil average price fell by $2.86 (3.44 percent) to $80.33 per barrel. The maximum price for Dated Brent reached $81.76 per barrel, and the minimum was $79.5 per barrel.
| Oil grade/date | 19.08.2024 | 20.08.2024 | 21.08.2024 | 22.08.2024 | 23.08.2024 | Average price |
| Azeri LT CIF | $82.45 | $79.35 | $79.52 | $79.40 | $80.87 | $80.32 |
| Azeri Light FOB Ceyhan | $81.34 | $78.24 | $78.41 | $78.29 | $79.78 | $79.21 |
| Urals (EX NOVO) | $67.45 | $65.11 | $65.27 | $65.24 | $66.79 | $65.97 |
| Dated Brent | $81.76 | $79.50 | $79.67 | $79.63 | $81.07 | $80.33 |
