Weekly review of oil prices in Azerbaijan

BAKU, Azerbaijan, May 30. The average prices of
Azeri Light CIF, Dated Brent and Azeri Light FOB Ceyhan crude oil
increased, while the average price of Urals crude oil decreased
last week, Trend
reports.

The price of Azeri Light CIF crude, produced at the
Azeri-Chirag-Gunashli field in Azerbaijan, declined by $12.55, or
11%, compared to last week, to $101.84 per barrel. According to the
data, the maximum price for this grade of crude oil during the week
was $106.48 per barrel, and the minimum was $98.01.

The average price of Azeri Light crude oil on a FOB basis at the
Turkish port of Ceyhan was $99.64 per barrel, which is $12.39, or
11.1%, less than last week. During the week, the maximum price was
$104.22 per barrel, and the minimum was $95.89.

The price of Urals crude oil decreased by $14.57, or 16.2%,
compared to the previous week, standing at $75.48 per barrel.
During the week, the maximum price was $81, and the minimum was
$70.78.

The Dated Brent crude oil price averaged $98.43, down by $13.24,
or 11.9%, compared to the previous week. During the week, the
maximum price was $103.78 per barrel, and the minimum was
$93.56.

As 25 May was a public holiday in the UK, no figures were
released for that date.