Review of Azerbaijani Oil Prices from 2-6 June

Azerbaijan, Baku, 2 June / Trend corr. A. Badalova/ From 2 to 6 June, the average price of AZERI LT CIF Augusta, which Azerbaijan exports via the ports of Ceyhan and Batumi, was $129.29 per barrel or $2.52 per barrel less than the previous price, as stated by the State Oil Company of Azerbaijan (SOCAR). The maximum price was $136.04 per barrel, minimum - $125.09 per barrel.

The density of Azeri Light is 34.6 degrees by API and its sulphur content is 0.14%.

The average price of URALS (EX-NOVO), which Azerbaijan exports via Novorossiysk port, was $119.05 per barrel or $2.63 per barrel less from the previous price.

The maximum price was $126.33 per barrel and the minimum - $114.83.

The density of URAL is 32 degrees by API and its sulphur content is up to 1.3%. However, specifications of this oil grade change when being sold depending on domination of high/low-quality oil in its content.

The average price of Brent Dated was $129.43 per barrel, which is 2.57 per barrel less than the previous price. Its maximum price was $129.88 per barrel and the minimum - $127.7.

The density of Brent Dated is 38.3 degrees API and its sulphur content is 0.36%.

The correspondent can be contacted at: [email protected]