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Prices on Azerbaijani Oil: Week Review (October 23-27)

Politics Materials 30 October 2006 13:57 (UTC +04:00)
Prices on Azerbaijani Oil: Week Review (October 23-27)

Last week (October 23-27), the average price on AZERI LT (CIF) oil brand, Azerbaijan sells via the Georgian Ports Supsa and Batumi was $59.69 per barrel that on $0.37 per barrel or on 0.06% less versus the average price of the corresponding oil brand had been fixed in the preceding week, Trend reports. The maximum price on AZERI LT (over October 23-27) was $60.77 per barrel versus $60.32 per barrel the preceding week. The minimum price was $57.92 per barrel versus $58.71 per barrel the preceding week

On October 23-27, the average price on the oil brand URAL (EX-NOVO), Azerbaijan sells via the Russian Port of Novorossiysk was $54.27 a barrel that on $0.60 a barrel or on 11% less versus the average price on the corresponding oil brand had been fixed in the preceding week. The maximum price on URAL (in October, 23-27) was $55.52 a barrel versus $59.09 a barrel the preceding week, the minimum one $52.08 a barrel versus $54.12 a barrel in the preceding week.

On October 23-27, the average price on the etalon oil brand Brent (DTD) made up $57.84 per barrel that on $0,429 per barrel or on 0.8% less against the average price on the corresponding oil brand had been fixed in the preceding week. Last week, the minimum price on Brent made up $58.95 a barrel against $59.09 a barrel in the preceding week, the minimum one - $55.96 per barrel against $57.70 per barrel in the preceding week.

The density of Azeri Light is 34.6 degrees by API, the sulfur content is 0.14%. The density of URAL is 30.4-31.85 degrees by API, sulfur content is up to 1.8%. However, during selling this oil brand, its specifications vary depending on prevailing oil brands of high-quality or poor-quality in its content. The density of DTD is 38.3 degrees API, its sulphur content 0.36%.

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