Last week (February 5th to 9th), the average price of AZERI LT (CIF) oil brand, Azerbaijan sold via the Georgian Ports Supsa and Batumi was $58.56 per barrel, which is up $1.99 a barrel or 3.50% up, versus the average price of the corresponding oil brand fixed in the previous week, Trend reports.
The maximum price on AZERI LT was $59.29 per barrel against $57.64 per barrel last week. The minimum price was $57.24 per barrel against $55.31 per barrel last week.
On February 5th to 9th, the average price of the oil brand URAL (EX-NOVO), Azerbaijan sells via the Russian Port of Novorossiysk was $51 a barrel which is up $2.14 a barrel or 4.30% up versus the average price of the corresponding oil brand fixed in the previous week. The maximum price on URAL (February 5th to 9th) was $51.59 per barrel against $49.97 a barrel last week. The minimum price was $49.72 a barrel against $47.58 per barrel last week.
In this period the average price on the etalon oil brand Brent (DTD) was $57.25 per barrel up $1.24 per barrel or by 2.20% from the average price on the corresponding oil brand fixed in the previous week. Last week, the maximum price on Brent was $58.34 a barrel against $56.99 per barrel, the minimum price was $55.70 per barrel against $54.84 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%.