Cost of Azerbaijani oil per week (REVIEW)

BAKU, Azerbaijan, June 4. Oil prices have
dropped this week, Trend reports.

The average price of Azeri LT CIF Augusta crude oil,
which is produced at the Azeri-Chirag-Gunashli block of Azerbaijani
fields, fell by $2.75 (3.47 percent) this week compared to last
week’s figure and amounted to $76.52 per barrel. The maximum price
for it during the reporting period was $78.14 per barrel, the
minimum – $75.05.

This week, the average price of Azeri Light oil based
on FOB in the Turkish port of Ceyhan was $74.8 per barrel, which is
$2.55 (3.3 percent) less in comparison with last week. The maximum
price for it was $76.49 per barrel, the minimum – $73.32.

Meanwhile, Azerbaijan also sells its URALS oil from
the Russian Black Sea port of Novorossiysk, delivering it through
the Baku-Novorossiysk pipeline. The average price of URALS crude
oil fell by $1.8 (3.46 percent) compared to last week and amounted
to $50.13 per barrel. The maximum price for URALS was $51.81 per
barrel, while the minimum was $48.79.

The average price for Brent Dated oil fell by 2.7
percent (or $2.06) to $74.40 per barrel this week. The maximum
price for Brent was $76.06 per barrel, the minimum – $72.89 per
barrel.