Weekly review of oil prices in Azerbaijan

BAKU, Azerbaijan, May 9. The average prices for Azeri Light CIF, Urals, Dated Brent, and Azeri Light FOB Ceyhan decreased this week, Trend reports.

The price of Azeri Light CIF crude, produced at the Azeri-Chirag-Gunashli field in Azerbaijan, went down by $8.03, or 6.8%, compared to last week, to $110.77 per barrel. According to the data, the maximum price for this grade of crude oil during the week was $118.56 per barrel, and the minimum was $105.55.

The average price of Azeri Light crude oil on a FOB basis at the Turkish port of Ceyhan was $107.715 per barrel, which is $7.9, or 6.8%, higher than last week. During the week, the maximum price was $115.45 per barrel, and the minimum was $102.49.

The price of Urals crude oil fell by $8.325, or 8.8%, compared to the previous week, standing at $86.415 per barrel. During the week, the maximum price was $94.19, and the minimum was $81.21.

The Dated Brent crude oil price averaged $106.12, up $9.1, or 10.67%, compared to the previous week. During the week, the maximum price was $114.99 per barrel, and the minimum was $100.59.