Weekly review of prices for Azeri Light, Dated Brent, and Urals

BAKU, Azerbaijan, October 17.
Average prices for Azeri Light (CIF), Azeri Light (FOB Ceyhan),
Dated Brent, and Urals crude decreased from October 12 through
October 16.

According to Trend’s
calculations, based on data from oil market participants, the
average price of Azeri Light (CIF) crude, produced at the
Azeri-Chirag-Guneshli field in Azerbaijan, decreased by $3.1, or
2.4%, compared to the previous week, reaching $123.79 per
barrel.

According to the information, the highest price for this grade
of crude oil during the week was $131.62 per barrel, and the lowest
was $116.26.

The average price of Azeri Light crude on a FOB basis at the
Turkish port of Ceyhan was $112.78 per barrel, which is $3.36, or
2.9%, lower than the previous week’s figure. During the week, the
maximum price was $120.70 per barrel, and the minimum was
$105.42.

The average price of Urals crude oil decreased by $1.47, or
1.7%, compared to the previous week, reaching $84.84 per barrel.
During the week, the highest price was $89.26, and the lowest was
$82.32.

Dated Brent crude averaged $126.98 per barrel, down $2.96, or
2.3%, from the previous week. During the week, the price reached a
high of $134.25 per barrel and a low of $116.59.