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Azerbaijani oil prices for May 22-26

27 May 2017 16:22 (UTC+04:00)
Azerbaijani oil prices for May 22-26

By Trend

Average price of AZERI LT CIF, extracted at Azerbaijan’s Azeri-Chirag-Gunashli block of fields, was $54.22 per barrel on May 22-26 or $0.88 per barrel more than the previous week.

The highest price of AZERI LT was $54.97 per barrel, while the lowest price was $52.71 per barrel during the reporting period.

Azerbaijan sells AZERI LT via the Turkish port of Ceyhan and Georgian ports - Batumi and Supsa. The oil is supplied to Ceyhan via the BTC pipeline and to Georgia via the Baku-Supsa pipeline and railway.

Average price of URALS (EX-NOVO), exported from Azerbaijan via the Novorossiysk port, was $50.54 per barrel on May 22-26 or $0.76 per barrel more than the previous week.

The highest price for URALS was $51.24 per barrel and the lowest price was $48.91 per barrel on May 22-26.

Azerbaijan sells the oil supplied via the Baku-Novorossiysk pipeline through Russia’s Novorossiysk port.

Average price of Brent Dated was $52.82 per barrel on May 22-26 or $1.07 per barrel more than the previous week.

The highest price for Brent was $53.53 per barrel and the lowest price was $51.21 during the period.

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