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Home»NEWS»Weekly overview of oil market in Azerbaijan
NEWS

Weekly overview of oil market in Azerbaijan

Mirza ShehnazBy Mirza ShehnazOctober 8, 2022Updated:October 8, 2022No Comments2 Mins Read
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BAKU, Azerbaijan, October 8. Azerbaijani oil
costs elevated this week, Trend studies.

The common value for Azeri Light CIF oil, produced on the
Azeri-Chirag-Gunashli (ACG) subject, equaled $98.04 per barrel, up by
$6.9 (7.6 %) in comparison with the earlier value.

The most value for Azeri Light CIF oil amounted to $102.44
per barrel, whereas the minimal value was $93.34.

The common value of Azeri LT FOB Ceyhan totaled $96.3 per
barrel this week, which is a development of $6.87 (7.68 %)
in comparison with the earlier indicator.

The most value for Azeri LT FOB Ceyhan amounted to $100.74
per barrel, whereas the minimal value was $91.54.

The common value of URALS oil offered by Azerbaijan within the Russian
Port of Novorossiysk reached $68.42 per barrel this week, which was
$6.43 (10.37 %) greater than within the earlier week.

The most value for URALS oil amounted to $72.8 per barrel,
whereas the minimal value – $63.78.

Azerbaijan sells its URALS oil from the Russian Black Sea port
of Novorossiysk, delivering it by the Baku-Novorossiysk oil
pipeline.

The common value of Brent Dated made up $94.78 per barrel this
week, thus rising by $7.38 (8.44 %).

The most value for Brent Dated amounted to $98.78 per barrel,
whereas the minimal value –$90.09.

Oil grade/date

October 3, 2022

October 4, 2022

October 5, 2022

October 6, 2022

October 7, 2022

Average value

Azeri LT CIF

$93.34

$96.72

$98.37

$99.35

$102.44

$98.04

Azeri Light FOB Ceyhan

$91.54

$94.9

$96.65

$97.64

$100.74

$96.3

Urals (EX NOVO)

$63.78

$67.03

$68.73

$69.74

$72.8

$68.42

Brent Dated

$90.09

$93.73

$95.24

$96.06

$98.78

$94.78

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Mirza Shehnaz

Shehnaz Ali Siddiqui is a Corporate Communications Expert by profession and writer by Passion. She has experience of many years in the same. Her educational background in Mass communication has given her a broad base from which to approach many topics. She enjoys writing around Public relations, Corporate communications, travel, entrepreneurship, insurance, and finance among others.

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