Weekly review of oil prices in Azerbaijan

BAKU, Azerbaijan, May 16. Average prices for
Azeri Light CIF, Urals, Dated Brent, and Azeri Light FOB Ceyhan
crude rose this week, Trend reports.

The average price of Azeri Light CIF crude, produced at the
Azeri-Chirag-Guneshli field in Azerbaijan, increased by $3.59, or
3.2%, compared to last week, reaching $114.36 per barrel.

According to the data, the maximum price for this grade of oil
during the week was $116.41 per barrel, and the minimum was
$110.48.

Azeri Light crude oil averaged $107.715 per barrel on FOB terms
at the Turkish port of Ceyhan, which is $4.04, or 3.8%, higher than
last week’s figure. During the week, the maximum price was $113.94
per barrel, and the minimum was $107.60.

The average price of Urals crude rose by $3.85, or 4.5%,
compared to the previous week, reaching $90.26 per barrel. The
maximum price during the week reached $92.37, while the minimum was
$86.21.

Dated Brent crude averaged $109.81 per barrel, up $3.69, or
3.5%, from the previous week. The maximum price for the week was
$112.20 per barrel, and the minimum was $105.24.

Meanwhile, May 11 was a public holiday in Azerbaijan, so the
figures for that date are not being released.