Weekly review of Azerbaijani oil prices

BAKU, Azerbaijan, September 15. 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-Gunashli field in Azerbaijan, decreased by $3.45 (4.39 percent) compared to last week and amounted to $75.23 per barrel. The maximum price during the mentioned period reached $76.77 per barrel, while the minimum price reached $73.53 per barrel.

The Azeri Light crude oil price averaged $74.19 per barrel FOB at the Turkish port of Ceyhan this week, which is $3.53 (4.54 percent) less than last week. The maximum price was $75.68 per barrel, and the minimum stood at $72.44 per barrel.

The URALS crude oil price averaged $2.94 (4.75 percent) lower than last week at $59.01 per barrel. The highest price for URALS reached $60.95 per barrel, while the lowest price was $57.17 per barrel.

The Dated Brent benchmark crude oil price fell by $2.94 (4.34 percent) to $72.46 per barrel. The maximal price for Dated Brent reached $74.55 per barrel, and the minimal one was $70.56 per barrel.