Weekly review of oil prices in Azerbaijan

BAKU, Azerbaijan, August 11. The average prices of Azeri Light CIF, Azeri Light FOB Ceyhan, Dated Brent, and Urals crude oil decreased last week (August 3-7).

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, fell by $3.74, or 3.85%, compared to the previous week (July 27-31), to $93.35 per barrel. Data shows that the maximum price for this grade of crude oil during the week was $96.73 per barrel, and the minimum was $91.04.

The average price of Azeri Light crude oil on a FOB basis at the Turkish port of Ceyhan was $90.31 per barrel, which is $2.81, or 3.02%, less than the previous week (July 27-31). During the week (August 3-7), the maximum price was $93.54 per barrel, and the minimum was $87.89.

The price of Urals crude oil decreased by $0.72, or 1.2%, compared to the previous week, standing at $59.01 per barrel. During the week, the maximum price was $61.33, and the minimum was $56.38.

The Dated Brent crude oil price averaged $87.89, down by $3.35, or 3.67%, compared to the previous week. During the week, the maximum price was $91.43 per barrel, and the minimum was $85.28.