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Azerbaijan’s Socar sells Azeri-Light at 1-Year Low

OIL

Socar sold a cargo of Azeri light in the Platts MOC at the lowest price for over a year, according to Bloomberg.

  • Socar sold a 650k bbl cargo of Azeri light to Petraco for April 16-20 delivery at Dated Brent +$1.90/b.
  • This is the lowest price since February 2022 and compares to the offer of Dated Brent + $2.35/b seen March 20.

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