Weekly review of oil prices in Azerbaijan

Oil&Gas Materials 30 August 2026 17:05 (UTC +04:00)
Weekly review of oil prices in Azerbaijan
Aytaj Shiraliyeva
Aytaj Shiraliyeva
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BAKU, Azerbaijan, August 30. The average prices of Azeri Light CIF, Azeri Light FOB Ceyhan, Dated Brent, and Urals crude oil decreased last week (August 24-28).

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, dropped by $2.28, or 2.4%, compared to the previous week (August 17-21), to $92.75 per barrel. Data shows that the maximum price for this grade of crude oil during the week (August 24-28) was $95.13 per barrel, and the minimum was $91.51.

The average price of Azeri Light crude oil on a FOB basis at the Turkish port of Ceyhan was $89.39 per barrel, which is $2.13, or 2.3%, less than the previous week (August 17-21). During the week (August 24-28), the maximum price was $91.62 per barrel, and the minimum was $88.11.

The price of Urals crude oil fell by $1.78, or 2.6%, compared to the previous week (August 17-21), standing at $65.70 per barrel. During the week (August 24-28), the maximum price was $68.41, and the minimum was $64.32.

The Dated Brent crude oil price averaged $89.80, down by $3.15, or 3.4%, compared to the previous week (August 17-21). During the week (August 24-28), the maximum price was $92.60 per barrel, and the minimum was $88.53.

Oil/Date

24.08.2026

25.08.2026

26.08.2026

27.08.2026

28.08.2026

Average price

Azeri LT CIF

$95.13

$91.93

$91.51

$92.31

$92.89

$92.75

Azeri Light FOB Ceyhan

$91.62

$88.50

$88.11

$89.00

$89.72

$89.39

Urals (EX NOVO)

$68.41

$64.89

$64.32

$64.97

$65.93

$65.70

Dated Brent

$92.60

$89.00

$88.53

$89.22

$89.64

$89.80

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