Azerbaijan's Oil Prices Surge Amid Global Market Shifts

Azerbaijan's oil prices saw an increase last week (August 10-14), 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, grew by $1.2, or 1.28%, compared to the previous week (August 3-7), to $94.55 per barrel.

The maximum price for this grade of crude oil during the week was $95.57 per barrel, and the minimum was $92.55.

The price of Urals crude oil rose by $5.17, or 8.76%, compared to the previous week (August 3-7), standing at $64.18 per barrel.