Azerbaijan’s oil drops in price
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The average price for AZERI LT, exported from Azerbaijan via the Ceyhan, Batumi and Supsa ports to the Italian Augusta port, was $51.95 per barrel on Oct. 12-16 or $1.97 per barrel less than the previous week.
The maximum price for AZERI LT was $53.99 per barrel and the minimum price was $50.71 per barrel during the reporting period.
The average price for Urals (Ex-Novo) exported from Azerbaijan via the Novorossiysk port stood at $47 per barrel or $1.9 per barrel less than the previous week.
The maximum price for Urals totaled $48.86 per barrel and the minimum - $45.92 per barrel.
Urals' density is 32 degrees API with 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 for Brent Dated was $49.18 per barrel or $1.98 per barrel less than the previous week.
The maximum price for Brent was $51.08 per barrel and the minimum - $48.04 during the reporting period.
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