Price of Azerbaijani Oil: Weekly Review (4 – 8 June)

Azerbaijan, Baku / corr Trend . V.Sarifov / Last week (4 - 8 June), the average price of AZERI LT (CIF) oil brand, Azerbaijan sold via the Georgian Ports Supsa and Batumi was $71.50 per barrel, a decrease of $2.76 or 4% per barrel compared to the previous week.

The maximum price of AZERI LT was $72.58 per barrel; the minimum price was $70.77 per barrel. The density of Azeri Light is 34.6 degrees by API; the sulphur 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 $66.93 per barrel, which is down $3.33 per barrel or 5.2% as compared to the average price of the corresponding oil brand fixed in the previous week

The maximum price of URAL was $68.10 per barrel last week. The minimum price was $66.30 per barrel. The density of URAL is 32 degrees by API; sulphur content is up to 1.3%. However, during the selling of this oil brand, its specifications vary depending on the prevailing oil brands of high-quality or poor-quality of its content.

During this period the average price of the etalon oil brand Brent (DTD) was $71.40 per barrel, which is up $2.94 per barrel or up 4.3% from the average price of the corresponding oil brand fixed in the previous week. Last week, the maximum price on Brent was $69.13 per barrel, the minimum price was $67.69 per barrel. The density of DTD is 38.3 degrees API, its sulphur content is 0.36%.