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

BAKU, Azerbaijan, September 5. Last week,
average prices for Azeri Light (CIF), Azeri Light (FOB Ceyhan),
Dated Brent, and Urals rose.

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,
increased by $9.44, or 10.2%, compared to the previous week,
reaching $102.19.

Based on the data, the highest price for this grade of crude oil
during the week was $104.98 per barrel, and the lowest was
$97.61.

The average FOB price of Azeri Light crude at the Turkish port
of Ceyhan was $99.30 per barrel, which is $9.91, or 11.1%, higher
than the previous week’s figure. Over the week, the highest price
reached $102.19 per barrel, while the lowest was $94.74.

The price of Urals crude rose by $10.18, or 15.5%, compared to
the previous week, reaching $75.88 per barrel. Over the week, the
highest price was $70.98, and the lowest was $78.81.

Dated Brent crude averaged $89.80 per barrel, up $8.95, or 10%,
from the previous week. Over the course of the week, the price per
barrel ranged from a high of $101.69 to a low of $93.96.

Meanwhile, August 31 was an official holiday in the United
Kingdom, so oil prices were not published.