The price for AZERI LT CIF on 1 May was $71.71 per barrel (rose $1.33 per barrel against the previous price). Density of Azeri Light is 34.6 degrees by API, sulphur content is 0.14%, Trend reports.
The price for URAL (EX-NOVO) was $65.74 per barrel (+$1.33 per barrel). Density of URAL is 30.4-31.85 degrees by API, sulphur content is up to 1.8%.
The price for Brent (DTD) was $73.46 per barrel (+$1.32 per barrel against the previous price). Density of DTD is 38.3 degrees by API, sulphur content is 0.36%.
The quotation of AZERI LT CIF reflects the price of the Azerbaijan oil delivered to the Mediterranean ports and shipped by the shareholders of the Azerbaijan International Operating Company (AIOC) at the Georgian terminal in Supsa. The quotation of URAL (EX-NOVO) reflects the price of the oil shipped at the Russian terminal in Novorossiysk.
Traders involved in the European oil transportation markets told Trend the rates of freight cargo on WS scale was as follows on 1 May:
Direction |
Type |
In ths tons |
1 May 2006 2006 |
March 2006 006 |
February 2006 2006 |
Novorossiysk Augusta Augusta |
Oil/black oil products /black oil products |
135 |
145 |
131,1 |
186,9 |
Novorossiysk Augusta Augusta |
Oil/black oil products /black oil products |
80 |
170 |
164,9 |
165,8 |
Black Sea Augusta Augusta |
Oil/black oil products /black oil products |
30 |
245 |
187 |
277 |
Novorossiysk Augusta Augusta |
Light oil products |
30 |
255 |
222 |
292,8 |