Weekly review of oil prices in Azerbaijan

BAKU, Azerbaijan, June 20. The average prices
of Azeri Light CIF, Azeri Light FOB Ceyhan, Dated Brent and Urals
crude oil decreased last week.

According to the source from the oil market, the price of Azeri
Light CIF crude, produced at the Azeri-Chirag-Gunashli field in
Azerbaijan, declined by $12.86, or 13.4%, compared to last week, to
$82.95 per barrel. Data shows that the maximum price for this grade
of crude oil during the week was $86.55 per barrel, and the minimum
was $80.06.

The average price of Azeri Light crude oil on a FOB basis at the
Turkish port of Ceyhan was $80.73 per barrel, which is $12.76, or
13.6%, less than last week. During the week, the maximum price was
$84.30 per barrel, and the minimum was $77.88.

The price of Urals crude oil decreased by $13.28, or 19.4%,
compared to the previous week, standing at $55.12 per barrel.
During the week, the maximum price was $59.11, and the minimum was
$51.95.

The Dated Brent crude oil price averaged $80.70, down by $13.4,
or 14.2%, compared to the previous week. During the week, the
maximum price was $84.45 per barrel, and the minimum was
$77.50.