Azerbaijani Oil Price Review for the Week – 2024-08-02 10:29:58

by times news cr

2024-08-02 10:29:58

Oil prices fell this week, Day.Az reported on Saturday.

The average price of Azeri Light CIF crude oil produced at Azerbaijan’s Azeri-Chirag-Guneshli field fell by $3.81 (4.28 percent) compared to the previous week to $85.25 per barrel. The maximum price for this period was $86.34 per barrel, while the minimum was $83.83 per barrel.

This week, the average price of Azeri Light crude oil based on FOB in the Turkish port of Ceyhan was $84 per barrel, which is $3.74, or 4.26 percent less than last week. The maximum price was $85.07 per barrel, and the minimum was $82.59 per barrel.

The average price of URALS crude oil fell by $3.59 (4.92 percent) compared to the previous week and amounted to $69.39 per barrel. The maximum price for URALS reached $70.08 per barrel, and the minimum – $68.31 per barrel.

The average price of the benchmark Dated Brent crude oil fell by $3.64 (4.23 percent) to $82.41 per barrel. The maximum price for Dated Brent reached $83.07 per barrel, and the minimum – $81.25 per barrel.

Oil grade/date

22.07.2024

23.07.2024

24.07.2024

25.07.2024

26.07.2024

average price

Azeri LT CIF

$86,34

$84,98

$85,75

$85,34

$83,83

$85,25

Azeri Light FOB Ceyhan

$85,07

$83,72

$84,51

$84,10

$82,59

$84,00

Urals (EX NEW)

$70,08

$68,88

$69,92

$69,74

$68,31

$69,39

Dated Brent

$83,07

$82,09

$83,00

$82,66

$81,25

$82,41

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