admin May 28, 2016

The average price for AZERI LT CIF, extracted on the block of Azerbaijani fields Azeri-Chirag-Guneshli, was $50.6 per barrel on May 23-27 or $0.22 per barrel more than the previous week.

The maximum price for AZERI LT was $51.31 per barrel and the minimum price was $49.03 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.

The average price for Urals (Ex-Novo) exported from Azerbaijan via the Novorossiysk port was $45.75 per barrel on May 23-27 or $0.25 per barrel more than the previous week.

The maximum price for Urals totaled $46.32 per barrel and the minimum – $45.02 per barrel on May 16-20. Azerbaijan sells oil supplied via the Baku-Novorossiysk pipeline through this Russian port.

The average price for Brent Dated was $48.9 per barrel on May 23-27 or $0.33 per barrel more than the previous week.

The maximum price for Brent was $49.51 per barrel and the minimum – $48.44 during the reporting period.

Source: Trend