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Azeri oil prices drop

Oil&Gas Materials 27 June 2006 12:14 (UTC +04:00)

The price for AZERI LT FOB was $68.09 per barrel on 26 June (rose $0.07 per barrel as compared to the previous price). The oil is delivered via the Baku-Tbilisi-Ceyhan pipeline, Trend reports.

The price for AZERI LT CIF Augusta was $69.19 per barrel (- $0.12 per barrel against the previous price). Density of Azeri Light is 34.6 degrees by API, sulphur content is 0.14%.

The price for URAL (EX-NOVO) was $63.07 per barrel (- $0.28 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 $69.88 ( - $0.10 per barrel) per barrel. Density of DTD is 38.3 degrees by API, sulphur content is 0.36%.

Traders involved in the European oil transportation markets told Trend the rates of freight cargo on WS scale was as follows:

Direction

Type

In ths tons

26.06.2006

May 2006

April 2006

Novorossiysk Augusta

Oil/black oil products

135

140

149.1

117.2

Novorossiysk Augusta

Oil/black oil products

80

180

181.2

157.7

Black Sea Augusta

Oil/black oil products

30

255

243.8

240.6

Novorossiysk Augusta

Light oil products

30

290

223.8

246.9

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