Baku. TurkicWorld:
Azerbaijani oil prices have dropped this week, TurkicWorld reports.
The average price of Azeri Light oil on a CIF basis, produced at the Azeri-Chirag-Guneshli field in Azerbaijan, decreased by $4.35 (5.24 percent) compared to last week and amounted to $78.68 per barrel. The maximum price during the mentioned period reached $81.56 per barrel, while the minimum price reached $76.64 per barrel.
The Azeri Light crude oil price averaged $77.72 per barrel FOB at the Turkish port of Ceyhan this week, which is $4.23 or 5.16 percent less than last week. The maximum price was $80.59 per barrel and the minimum stood at $75.69 per barrel.
The URALS crude oil price averaged $5.16 (7.69 percent) lower than last week at $61.95 per barrel. The highest price for URALS reached $65.37 per barrel, while the lowest price was $59.51 per barrel.
The Dated Brent benchmark crude oil price fell by $5.71 (7.01 percent) to $75.75 per barrel. The maximal price for Dated Brent reached $79.62 per barrel, and the minimal one - $73.03 per barrel.
| Oil grade/date | 02.09.2024 | 03.09..2024 | 04.09.2024 | 05.09.2024 | 06.09.2024 | Average price |
| Azeri LT CIF | $81,56 | $78,55 | $78,30 | $78,33 | $76,64 | $78,68 |
| Azeri Light FOB Ceyhan | $80,59 | $77,58 | $77,34 | $77,39 | $75,69 | $77,72 |
| Urals (EX NOVO) | $65,37 | $61,94 | $61,52 | $61,41 | $59,51 | $61,95 |
| Dated Brent | $79,62 | $75,83 | $75,23 | $75,04 | $73,03 | $75,75 |
