Azeri oil market: results of week
From 7 to 11 November URAL(EX-NOVO) average price, sold by Azerbaijan in Novorossiysk port, was $49.72 per barrel or dropped $3.25 barrel, or 6.2%, as compared to the last week.
URAL(EX-NOVO) maximal price comprised $51.28 on 7 November, or $2.64 barrels down as compared to last week (4 November), minimal one - $48.08 on 11 November, or $4.04 down as compared to last week (2 November).
Brent average price (DTD) was $56.22 per barrel (dropped $2.92 per barrel), or 5% down as compared to last week. Brent maximal price comprised $57.97 on 7 November, or $2.49 per barrel down as compared to last week. Minimal price of Brent was $54.24 on 11 October, or $4.14 per barrel as compared to last week (31 October).
URAL (EX-NOVO) was cheaper than Brent by $6.50 per barrel last week, or $0.33 per barrel more than the average figure of last week.
The density of oil URAL is 32 degrees by API, sulphur content - 1.3%. The density of oil DTD is 38.3 degrees by API, sulphur content - 0.36%.
The density of URAL is 32 degrees by API, the sulphur content вЂ" 1.3%.
The density of DTD oil is 38.3 degrees by API, the sulphur content вЂ" 0.36%.
In October Azerbaijan shipped 419,740 tons URAL oil from Novorossiysk port, including 341,100 tons transported by the AIOC and 78,640 tons вЂ" the SOCAR.
In November the SOCAR will ship from the Georgian port of Batumi 80,000 tons (600,000 barrels) of Azeri Light, produced under the Azeri-Chirag-Gunashli contract area. The results of the tender will be announced on 16 November.