Last week (February 12th to 16th), the average price of AZERI LT (CIF) oil brand, Azerbaijan sold via the Georgian Ports Supsa and Batumi was $57.33 per barrel, which is up $1.23 a barrel or 2.2% less, versus the average price of the corresponding oil brand fixed in the previous week, Trend reports.
The maximum price on AZERI LT was $58.24 per barrel against $59.29 per barrel last week. The minimum price was $56.47 per barrel against $57.24 per barrel last week.
On February 12th to 16th, the average price of the oil brand URAL (EX-NOVO), Azerbaijan sells via the Russian Port of Novorossiysk was $49.31 a barrel which is less $1.62 a barrel or 3.2% versus the average price of the corresponding oil brand fixed in the previous week. The maximum price on URAL (February 12th to 16th) was $51.16 per barrel against $51.59 a barrel last week. The minimum price was $46.69 a barrel against $49.72 per barrel last week.
In this period the average price on the etalon oil brand Brent (DTD) was $55.67 per barrel, which less $1.58 per barrel or by 2.8% from the average price on the corresponding oil brand fixed in the previous week. Last week, the maximum price on Brent was $56.89 a barrel against $58.34 per barrel, the minimum price was $54.84 per barrel against $55.70 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%.