Price of Azerbaijani Oil: Weekly Review (April 23 – 27)
Azerbaijan, Baku /corr Trend V.Sharifov / Last week (23 - 27 April), the average price of AZERI LT (CIF) oil brand, Azerbaijan sold via the Georgian Ports Supsa and Batumi was $68.06 per barrel, which up $1.54 per barrel, or 2.3% as compared to the previous week
The maximum price on AZERI LT was $68.38 per barrel, the minimum price was $67.45 per barrel. The density of Azeri Light is 34.6 degrees by API, the sulfur content is 0.14%.
Last week, the average price of the oil brand URAL (EX-NOVO), Azerbaijan sells via the Russian Port of Novorossiysk was $61.97 a barrel which is up $0.08 a barrel or 2.8% versus the average price of the corresponding oil brand fixed in the previous week. The maximum price on URAL was $63.00 per barrel last week. The minimum price was $61.08 a barrel.
The density of URAL is 32 degrees by API, sulfur content is up to 1.3%. However, during the selling of this oil brand, its specifications vary depending on prevailing oil brands of high-quality or poor-quality in its content.
During this period the average price of the etalon oil brand Brent (DTD) was $67.45 per barrel, which is up $1.31 per barrel or by 1.9% from the average price on the corresponding oil brand fixed in the previous week. Last week, the maximum price on Brent was $67.72 a barrel, the minimum price was $67.07 per barrel.
The density of DTD is 38.3 degrees API, its sulphur content is 0.36%.