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Weekly review of Azerbaijani oil prices

Baku. TurkicWorld:

The prices of Azerbaijani oil experienced an increase this week, TurkicWorld reports.

The average price of Azeri Light crude oil on a CIF basis produced at Azerbaijan's Azeri-Chirag-Guneshli field increased by $1.84 (2.08 percent) compared to last week and amounted to $90.17 per barrel. The maximum price during the same period reached $91.32 per barrel, while the minimum price reached $88.65 per barrel.

The Azeri Light crude oil price averaged $88.74 per barrel on a base FOB in the Turkish port of Ceyhan this week, up $1.85, or 2.13 percent, from last week. The highest price was $89.89 per barrel, and the lowest was $87.17 per barrel.

The URALS crude oil price averaged $2.15 (2.99 percent) higher than last week at $73.95 per barrel. The maximum price for URALS reached $75.79 per barrel, and the minimum price reached $72.15 per barrel.

The Dated Brent benchmark oil price rose by $1.36 (1.57 percent) to $88.01 per barrel. The maximum price for Dated Brent reached $88.96 per barrel, and the minimum - $86.83 per barrel.

Oil grade/date

01.07.2024

02.07.2024

03.07.2024

04.07.2024

05.07.2024

Average price

Azeri LT CIF

$90.06

$90.78

$90.05

$91.32

$88.65

$90.17

Azeri Light FOB Ceyhan

$88.63

$89.36

$88.63

$89.89

$87.17

$88.74

Urals (EX NOVO)

$73.53

$74.26

$74.01

$75.79

$72.15

$73.95

Dated Brent

$88.01

$88.59

$87.68

$88.96

$86.83

$88.01

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