Weekly review of oil prices in Azerbaijan

BAKU, Azerbaijan, August 15. The average prices
of Azeri Light CIF, Azeri Light FOB Ceyhan, Dated Brent, and Urals
crude oil increased 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.
Data shows that the maximum price for this grade of crude oil
during the week (August 10-14) was $95.57 per barrel, and the
minimum was $92.55.

The average price of Azeri Light crude oil on a FOB basis at the
Turkish port of Ceyhan was $91.62 per barrel, which is $1.31, or
1.45%, more than the previous week (August 3-7). During the week
(August 10-14), the maximum price was $92.75 per barrel, and the
minimum was $89.36.

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.
During the week (August 10-14), the maximum price was $65.04, and
the minimum was $63.48.

The Dated Brent crude oil price averaged $92.72, up by $4.83, or
5.49%, compared to the previous week (August 3-7). During the week
(August 10-14), the maximum price was $93.56 per barrel, and the
minimum was $91.92.