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Weekly review of Azerbaijani oil prices

BAKU, Azerbaijan, September 3. Azerbaijani oil prices increased last week, TurkicWorld reports.

The price of Azeri Light crude oil on a CIF basis, straight from the Azeri-Chirag-Gunashli field in Azerbaijan, grew by $2.71 (3.37 percent) compared to the previous week, reaching a solid $83.03 per barrel. The price during that time period hit the roof at $84.04 per barrel, while it hit rock bottom at $81.69 per barrel.

The Azeri Light crude oil price averaged $81.95 per barrel FOB in Türkiye's Ceyhan port last week, up $2.74, or 3.46 percent, from the previous week. The maximum price was $82.97 per barrel, and the minimum was $80.62 per barrel.

The URALS crude oil price averaged $1.14 (1.73 percent) higher than the previous week at $67.11 per barrel. The maximum price for URALS reached $68.09 per barrel, and the minimum price reached $65.63 per barrel.

The benchmark Dated Brent crude oil average price rose by $1.13 (1.41 percent) to $81.46 per barrel. The maximum price for Dated Brent reached $82.43 per barrel and the minimum was $79.99 per barrel.

Oil grade/date

27.08.2024

28.08.2024

29.08.2024

30.08.2024

Average price

Azeri LT CIF

$83.76

$82.62

$84.04

$81.69

$83.03

Azeri Light FOB Ceyhan

$82.65

$81.55

$82.97

$80.62

$81.95

Urals (EX NOVO)

$67.99

$66.74

$68.09

$65.63

$67.11

Dated Brent

$82.35

$81.07

$82.43

$79.99

$81.46

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