Weekly review of oil prices in Azerbaijan

BAKU, Azerbaijan, August 22. The average prices of Azeri Light CIF, Azeri Light FOB Ceyhan, Dated Brent, and Urals crude oil increased last week (August 17-21).

According to Trend's calculations based on data from the oil market source, the price of Azeri Light CIF crude, produced at the Azeri-Chirag-Gunashli field in Azerbaijan, grew by $0.48, or 0.51%, compared to the previous week (August 10-14), to $95.03 per barrel. Data shows that the maximum price for this grade of crude oil during the week (August 10-14) was $97.12 per barrel, and the minimum was $91.31.

The average price of Azeri Light crude oil on a FOB basis at the Turkish port of Ceyhan was $91.52 per barrel, which is $1.31, or 0.12%, less than the previous week (August 10-14). During the week (August 17-21), the maximum price was $93.70 per barrel, and the minimum was $88.20.

The price of Urals crude oil rose by $3.3, or 5.14%, compared to the previous week (August 10-14), standing at $67.48 per barrel. During the week (August 17-21), the maximum price was $70.29, and the minimum was $63.08.

The Dated Brent crude oil price averaged $92.95, up by $0.23, or 0.25%, compared to the previous week (August 10-14). During the week (August 17-21), the maximum price was $94.43 per barrel, and the minimum was $90.16.