Azerbaijan's Oil Prices Dip Across Major Grades
The weekly review of oil prices in Azerbaijan shows a decline across major crude grades. Azeri Light CIF, Azeri Light FOB Ceyhan, Dated Brent, and Urals all saw their average prices fall compared to the previous week.
Azeri Light CIF crude oil led the pack with a 3.85% drop in price, reaching an average of $93.35 per barrel. The maximum price for this grade during the week was $96.73, while the minimum was $91.04.
The Azeri Light FOB Ceyhan price also decreased by 3.02%, settling at $90.31 per barrel. During the week, the maximum price was $93.54, and the minimum was $87.89.
In contrast, Urals crude oil saw a more modest decline of 1.2% to an average price of $59.01 per barrel. The maximum price for this grade during the week was $61.33, while the minimum was $56.38.