Azeri Light (BTC)
$84.09USD/BBL
▲ +0.93 (+1.11%)
- Class
- Light/Sweet
- API
- 35°
- Sulfur
- 0.15%
Crude grade comparison
Azeri Light (BTC) vs Cabinda
Price, Azeri Light (BTC) spread, quality and refinery yields side by side. Updated .
VS
Azeri Light (BTC) – Cabinda spread
+20.53 USD/BBL · Azeri Light (BTC) premium
Cabinda
$63.56USD/BBL
▲ +1.24 (+1.95%)
- Class
- Light/Sweet
- API
- 32°
- Sulfur
- 0.2%
Azeri Light (BTC) Crude vs Cabinda Crude: on July 06, 2026 Azeri Light (BTC) settled at $84.09/bbl (+1.11%) and Cabinda at $63.56/bbl (+1.95%), putting Azeri Light (BTC) $20.53 above Cabinda. Azeri Light (BTC) is light/sweet crude (35° API, 0.15% sulfur); Cabinda is light/sweet crude (32° API, 0.2% sulfur).
Price history
Azeri Light (BTC) vs Cabinda price chart
Daily assessed prices in USD per barrel and the spread between them.
- 30-day Azeri Light (BTC) avg
- $110.58 30 shared days
- 30-day Cabinda avg
- $89.21 30 shared days
- Average spread
- +21.37 Azeri Light (BTC) minus Cabinda
- Days Azeri Light (BTC) above
- 20 / 30 widest $24.3 on 2026-05-22
Azeri Light (BTC) – Cabinda spread $/bbl · above zero: Azeri Light (BTC) premium · below zero: Cabinda premium
Free view: last 30 days. Gaps mark days with no assessment. Subscribe for longer history and Excel export.
View as table
| Date | Azeri Light (BTC) | Cabinda | Spread |
|---|---|---|---|
| 25 Jun 2026 | - | 67.34 | - |
| 23 Jun 2026 | - | 72.92 | - |
| 22 Jun 2026 | - | 77.50 | - |
| 18 Jun 2026 | - | 74.17 | - |
| 17 Jun 2026 | - | 77.81 | - |
| 16 Jun 2026 | - | 81.83 | - |
| 15 Jun 2026 | - | 82.71 | - |
| 12 Jun 2026 | - | 87.75 | - |
| 24 Apr 2026 | - | 105.33 | - |
| 08 Mar 2026 | - | 88.93 | - |
| 10 Jun 2026 | 102.13 | 90.52 | +11.61 |
| 09 Jun 2026 | 103.93 | 94.09 | +9.84 |
| 08 Jun 2026 | 107.42 | 98.29 | +9.13 |
| 05 Jun 2026 | 111.26 | 95.97 | +15.29 |
| 04 Jun 2026 | 112.84 | 97.68 | +15.16 |
| 03 Jun 2026 | 109.82 | 97.41 | +12.41 |
| 02 Jun 2026 | 109.82 | 93.48 | +16.34 |
| 01 Jun 2026 | 116.39 | 93.48 | +22.91 |
| 29 May 2026 | 117.02 | 92.72 | +24.3 |
| 28 May 2026 | 120.03 | 95.73 | +24.3 |
| 27 May 2026 | 120.41 | 96.11 | +24.3 |
| 22 May 2026 | 126.93 | 102.63 | +24.3 |
| 21 May 2026 | 127.47 | 103.17 | +24.3 |
| 20 May 2026 | 131.26 | 111.75 | +19.51 |
| 19 May 2026 | 131.50 | - | - |
| 18 May 2026 | 131.92 | 113.25 | +18.67 |
| 15 May 2026 | 115.52 | - | - |
| 14 May 2026 | 127.36 | - | - |
| 12 May 2026 | 126.70 | 106.43 | +20.27 |
| 11 May 2026 | 126.15 | 107.39 | +18.76 |
| 08 May 2026 | 121.96 | 102.71 | +19.25 |
| 07 May 2026 | 122.33 | - | - |
| 05 May 2026 | 130.94 | - | - |
| 04 May 2026 | 130.94 | - | - |
| 01 May 2026 | 130.94 | - | - |
| 29 Apr 2026 | 128.77 | - | - |
| 28 Apr 2026 | 128.77 | 107.37 | +21.4 |
| 27 Apr 2026 | 126.90 | 108.50 | +18.4 |
| 26 Apr 2026 | 112.10 | - | - |
| 11 Apr 2026 | 119.00 | - | - |
Price analysis
Highs and lows by period
| Period | Azeri Light (BTC) | Cabinda | ||||
|---|---|---|---|---|---|---|
| High | Low | Range | High | Low | Range | |
| 7 Days | - | - | -% | - | - | -% |
| 30 Days | - | - | -% | - | - | -% |
| 90 Days | - | - | -% | - | - | -% |
| 180 Days | 131.92 | 83.16 | 36.96% | 113.25 | 62.32 | 44.97% |
| 365 Days | 131.92 | 83.16 | 36.96% | 113.25 | 62.32 | 44.97% |
Range = (high − low) ÷ high.
Daily prices
Recent prices & spread
| Date | Azeri Light (BTC) | Chg | Cabinda | Chg | Spread |
|---|---|---|---|---|---|
| 119.00 | 0 | ||||
| 112.10 | -6.9 | ||||
| 126.90 | +14.8 | 108.50 | +3.17 | +18.4 | |
| 128.77 | +1.87 | 107.37 | -1.13 | +21.4 | |
| 128.77 | 0 |
Full daily history for both grades since 2019 is available to subscribers.Subscribe now
Crude quality
Quality & refinery yields
How the two crudes differ in the barrel. Each property uses its own scale.
- Azeri Light (BTC) Crude
- Cabinda Crude
Physical & chemical properties
API gravityhigher = lighter
AL(35°
C32°
Sulfur contenthigher = sourer
AL(0.15%
C0.2%
Densityhigher = heavier
AL(0.851 g/cm³
C0.865 g/cm³
Viscosityhigher = thicker
AL(4.2 cSt
C6.8 cSt
Pour pointhigher = waxier
AL(15 °C
C3 °C
Typical refinery yields
Gasoline% of barrel
AL(48-52%
C42-46%
Diesel% of barrel
AL(28-32%
C32-36%
Jet fuel% of barrel
AL(01-12'%
C01-12'%
Residual fuel% of barrel
AL(08-10'%
C08-12'%
Bars show each yield range; the faint part runs from 0 to the low end. Scale 0–50%.
Full specification comparison
| Property | Azeri Light (BTC) Crude | Cabinda Crude | Azeri Light (BTC) − Cabinda |
|---|---|---|---|
| Classification | |||
| Classification | Light/Sweet | Light/Sweet | |
| Origin | Azerbaijan (Caspian Sea) | Angola (Offshore Cabinda) | |
| Chemical properties | |||
| API gravity | 35° API | 32° API | +3 °API |
| Sulfur content | 0.15% | 0.2% | -0.05% |
| Density | 0.851 g/cm³ | 0.865 g/cm³ | -0.014 g/cm³ |
| Pour point | 15 °C | 3 °C | +12 °C |
| Viscosity | 4.2 cSt | 6.8 cSt | -2.6 cSt |
| Typical refinery yields | |||
| Gasoline | 48-52% | 42-46% | +6 pts |
| Diesel | 28-32% | 32-36% | -4 pts |
| Jet fuel | 01-12'% | 01-12'% | 0 pts |
| Residual fuel | 08-10'% | 08-12'% | -2 pts |
| Trading & logistics | |||
| Delivery basis | Ceyhan (Turkey) | Cabinda FPSOs | |
| Major exchanges | Platts, Argus (Med CIF) | Spot differential to Brent | |
| Export hub | Ceyhan, Turkey (via BTC pipeline) | Cabinda FPSO terminals | |
| Main destinations | Europe, Mediterranean | Europe, US East Coast, Asia | |
| Benchmark type | Regional (Med) | Regional/Spot | |
| Market profile | |||
| Key characteristics | Caspian light sweet, BTC pipeline to Mediterranean | Angolan premium offshore, high-grade deepwater | |
| Refining notes | High gasoline & kerosene yields; low residual output | FPSO offshore production, consistent quality | |
FAQ
Azeri Light (BTC) vs Cabinda questions
The spread, the quality gap and why each grade is a benchmark.
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July 06, 2026 Azeri Light (BTC) Crude was $84.09 and Cabinda Crude $63.56 per barrel, so Azeri Light (BTC) traded at a premium of $+20.53 over Cabinda. Over the previous 30 shared price days the spread averaged +21.37 $/bbl, with Cabinda priced above Azeri Light (BTC) on 20 day(s).
Azeri Light (BTC) Crude is a light/sweet Azerbaijan (Caspian Sea) crude (35° API, 0.15% sulfur) and Regional (Med) benchmark. Cabinda Crude is a light/sweet Angola (Offshore Cabinda) crude (32° API, 0.2% sulfur) and Regional/Spot benchmark.