Weekly review of prices for Azeri Light, Dated Brent, and Urals

BAKU, Azerbaijan, November 8. This week (November 2-6), average prices for Azeri Light (CIF), Azeri Light (FOB Ceyhan), Urals, and Dated Brent crude decreased.

According to TurkicWorld s calculations, based on data from oil market participants, the average price of Azeri Light (CIF) crude, produced at the Azeri-Chirag-Gunashli field in Azerbaijan, fell by $14.58, or 11.7%, compared to the previous week, to $110.21 per barrel.

According to the report, the highest price for this grade of crude oil during the week was $116.50 per barrel, while the lowest was $106.81.

The average price of Azeri Light crude on a FOB basis at the Turkish port of Ceyhan was $103.52 per barrel, which is $10.98, or 9.6%, lower than the previous week’s figure. During the week, the maximum price was $108.05 per barrel, and the minimum was $99.90.

The average price of Urals crude dropped by $15.39, or 16.8%, compared to the previous week, to $76.32 per barrel. During the week, the highest price was $82.78, and the lowest was $72.945.

Dated Brent crude averaged $120.34 per barrel, down $19.88, or 16.5%, from the previous week. During the week, the price reached a high of $108.49 per barrel and a low of $95.98.