Price of Azerbaijani Oil: Weekly Review (14 – 18 May)
Azerbaijan, Baku /corr Trend V.Sharifov / Last week (14 - 18 May), the average price of AZERI LT (CIF) oil brand, Azerbaijan sold via the Georgian Ports Supsa and Batumi was $69.16 per barrel, an increase of $3.71 or 5.6% per barrel compared to the previous week.
The maximum price of AZERI LT was $70.43 per barrel; the minimum price was $68.64 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 $64.02 a barrel which is $4.08 more a barrel or 6.8% as compared to the average price of the corresponding oil brand fixed in the previous week.
The maximum price of URAL was $65.12 per barrel last week. The minimum price was $62.59 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 $67.78 per barrel, which is up $3.85 per barrel or up 6% from the average price of the corresponding oil brand fixed in the previous week. Last week, the maximum price on Brent was $69.25 a barrel, the minimum price was $65.85 per barrel. The density of DTD is 38.3 degrees API, its sulphur content is 0.36%.