Weekly review of oil prices in Azerbaijan

BAKU, Azerbaijan, July 25. The average prices
of Azeri Light CIF, Azeri Light FOB Ceyhan, Dated Brent, and Urals
crude oil increased this week.

According to Trend's calculations based on data from the oil market
source, the price of Azeri Light CIF crude, produced at the
Azeri-Chirag-Gunashli field in Azerbaijan, rose by $14.02, or
16.1%, compared to last week, to $101.01 per barrel. Data shows
that the maximum price for this grade of crude oil during the week
was $109.10 per barrel, and the minimum was $93.91.

The average price of Azeri Light crude oil on a FOB basis at the
Turkish port of Ceyhan was $97.08 per barrel, which is $13.64, or
16.3%, more than last week. During the week, the maximum price was
$105.18 per barrel, and the minimum was $89.99.

The price of Urals crude oil increased by $11.96, or 23.4%,
compared to the previous week, standing at $63.12 per barrel.
During the week, the maximum price was $70.90, and the minimum was
$56.14.

The Dated Brent crude oil price averaged $95.32, up by $13.39,
or 16.3%, compared to the previous week. During the week, the
maximum price was $104.92 per barrel, and the minimum was
$87.01.