Weekly review of oil prices in Azerbaijan

BAKU, Azerbaijan, July 18. The average prices of Azeri Light CIF, Azeri Light FOB Ceyhan, Dated Brent and Urals crude oil increased last week.

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, rose by $9.3, or 12%, compared to last week, to $86.99 per barrel. Data shows that the maximum price for this grade of crude oil during the week was $91.50 per barrel, and the minimum was $81.29.

The average price of Azeri Light crude oil on a FOB basis at the Turkish port of Ceyhan was $83.44 per barrel, which is $8.47, or 11.3%, more than last week. During the week, the maximum price was $87.57 per barrel, and the minimum was $78.36.

The price of Urals crude oil increased by $6.48, or 14.5%, compared to the previous week, standing at $51.16 per barrel. During the week, the maximum price was $53.90, and the minimum was $46.93.

The Dated Brent crude oil price averaged $81.93, up by $7.99, or 10.8%, compared to the previous week. During the week, the maximum price was $84.66 per barrel, and the minimum was $77.32.