Trend:

Average price of AZERI LT CIF, extracted at Azerbaijan's Azeri-Chirag-Gunashli block of fields, was $77.04 per barrel on May 7-11 or $2.16 per barrel more than the previous week.

The highest price of AZERI LT was $77.84 per barrel, while the lowest price was $74.85 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 $72.63 per barrel or $1.94 per barrel more than the previous week.

The highest price for URALS was $73.48 per barrel and the lowest price was $70.34 per barrel on May 7-11. Azerbaijan sells the oil supplied via the Baku-Novorossiysk pipeline through Russia's Novorossiysk port.

Average price of Brent Dated was $76.54 per barrel on May 7-11 or $2.41 per barrel more than the previous week.

The highest price for Brent was $77.31 per barrel and the lowest price was $74.31 during the reporting period.