Last week (January 22nd to 26th), the average price of AZERI LT (CIF) oil brand, Azerbaijan sold via the Georgian Ports Supsa and Batumi was $55.10 per barrel, which is up $2.70 a barrel or 5.2% up, versus the average price of the corresponding oil brand fixed in the previous week, Trend reports. The maximum price on AZERI LT (over January 22nd to 26th) was $55.98 per barrel against $53.19 per barrel last week. The minimum price was $54.08 per barrel against $51.82 per barrel last week.
On January 22nd to 26th, the average price of the oil brand URAL (EX-NOVO), Azerbaijan sells via the Russian Port of Novorossiysk was $47.59 a barrel which up $2.63 a barrel or 5.8% up versus the average price of the corresponding oil brand fixed in the previous week. The maximum price on URAL (January 22nd to 26th)) was $48.14 per barrel against $45.96 a barrel last week. The minimum price was $47.48 a barrel against $44.16 per barrel last week.
In this period the average price on the etalon oil brand Brent (DTD) was $54.96 per barrel up $3.53 per barrel or by 6.8% from the average price on the corresponding oil brand fixed in the previous week. Last week, the maximum price on Brent was $55.92 a barrel against $52.42 per barrel, the minimum price was $53.88 per barrel against $50.68 per barrel last 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 is 0.36%.