2024-02-18 10:45:25
Oil prices increased this week, Day.Az reported on Saturday.
The average price for Azeri Light oil on a CIF basis, produced at the Azerbaijani Azeri-Chirag-Gunashli field, increased by $2.58 (3.05 percent) compared to last week and amounted to $87.39 per barrel. The maximum price for this period reached $88.02 per barrel, and the minimum was $86.58 per barrel.
This week, the average price for Azeri Light oil FOB in the Turkish port of Ceyhan was $85.66 per barrel, which is $2.45, or 2.94 percent more than last week. The maximum price was $86.28 per barrel, and the minimum was $84.95 per barrel.
The average price for URALS oil increased by $3.55 (5.63 percent) compared to last week and amounted to $66.52 per barrel. The maximum price for URALS reached $67.15 per barrel, and the minimum price reached $65.6 per barrel.
The average price for the benchmark Dated Brent oil increased by $3.25 (3.96 percent) to $85.47 per barrel. The maximum price for Dated Brent reached $86.12 per barrel, and the minimum was $84.62 per barrel.
| Oil grade/date | 12.02.2024 | 13.02.2024 | 14.02.2024 | 15.02.2024 | 16.02.2024 | average price |
| Azeri LT CIF | $86,58 | $87,90 | $86,95 | $87,51 | $88,02 | $87,39 |
| Azeri Light FOB Ceyhan | $84,95 | $86,28 | $85,31 | $85,51 | $86,25 | $85,66 |
| Urals (EX NOVO) | $65,60 | $67,07 | $66,14 | $66,63 | $67,15 | $66,52 |
| Dated Brent | $84,62 | $86,00 | $85,05 | $85,54 | $86,12 | $85,47 |