Last week (January 29th to February 2nd), the average price of AZERI LT (CIF) oil brand, Azerbaijan sold via the Georgian Ports Supsa and Batumi was $56.57 per barrel, which is up $1.47 a barrel or 2.66% up, versus the average price of the corresponding oil brand fixed in the previous week, Trend reports.
The maximum price on AZERI LT (January 29th to February2nd) was $57.64 per barrel against $55.98 per barrel last week. The minimum price was $55.31 per barrel against $54.08 per barrel last week.
On January 29th to February 2nd, the average price of the oil brand URAL (EX-NOVO), Azerbaijan sells via the Russian Port of Novorossiysk was $48.86 a barrel which is up $2.27 a barrel or 2.66% up versus the average price of the corresponding oil brand fixed in the previous week. The maximum price on URAL (January 29th to February 2nd) was $49.97 per barrel against $48.14 a barrel last week. The minimum price was $47.57 a barrel against $47.48 per barrel last week.
In this period the average price on the etalon oil brand Brent (DTD) was $56.01 per barrel up $1.05 per barrel or by 1.91% from the average price on the corresponding oil brand fixed in the previous week. Last week, the maximum price on Brent was $56.99 a barrel against $55.92 per barrel, the minimum price was $54.84 per barrel against $53.88 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%.