News Column

Azerbaijani oil prices for July 28-August 1

August 2, 2014



Baku, Azerbaijan, August 2

By Ilaha Mammadli - Trend:

The average price on AZERI LT, exported from Azerbaijan via the Ceyhan, Batumi and Supsa ports to Italian Augusta port, was $107.69 per barrel on July 28-August 1, or 1.35 percent more compared to the previous week.

The maximum price for AZERI LT was $108.85 per barrel. The minimum price was $105.55 per barrel.

The average price for AZERI LT FOB Ceyhan oil price was $106.742 per barrel or 1.04 percent ($1.122) less compared to the previous price.

The maximum price for AZERI LT FOB was $107.91 per barrel. The minimum price was $104.59 per barrel.

The average price on Urals (Ex-Novo) exported from Azerbaijan via the Novorossiysk port was $104.314 per barrel or almost 0.025 percent ($0.026) less compared to the previous week.

The maximum price for Urals was $105.36 per barrel and the minimum - $102.47 per barrel.

Urals' density is 32 degrees API with a sulfur content up to 1.3 percent. The oil grade's specifications vary when sold depending on its high/low-quality content.

The average price on Brent Dated was $105.27 per barrel or $0.83 (0.78 percent) less compared to the previous week.

The maximum price on Brent was $106.54 per barrel and the minimum - $103.04.


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Source: Trend News Agency (Azerbaijan)


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