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 Mumbai High
Price, Azeri Light (BTC) spread, quality and refinery yields side by side. Updated .
VS
Azeri Light (BTC) – Mumbai High spread
-36.19 USD/BBL · Azeri Light (BTC) premium
Mumbai High
$120.28USD/BBL
■ 0.00(0.00%)
- Class
- Light/Sweet
- API
- 33.5°
- Sulfur
- 0.25%
Azeri Light (BTC) Crude vs Mumbai High Crude: on July 06, 2026 Azeri Light (BTC) settled at $84.09/bbl (+1.11%) and Mumbai High at $120.28/bbl (0.00%), putting Mumbai High $36.19 above Azeri Light (BTC). Azeri Light (BTC) is light/sweet crude (35° API, 0.15% sulfur); Mumbai High is light/sweet crude (33.5° API, 0.25% sulfur).
Price history
Azeri Light (BTC) vs Mumbai High 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 Mumbai High avg
- $120.28 30 shared days
- Average spread
- -9.7 Azeri Light (BTC) minus Mumbai High
- Days Azeri Light (BTC) above
- 0 / 30 widest $0 on
Azeri Light (BTC) – Mumbai High spread $/bbl · above zero: Azeri Light (BTC) premium · below zero: Mumbai High 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) | Mumbai High | Spread |
|---|---|---|---|
| 13 Apr 2026 | - | 120.28 | - |
| 10 Jun 2026 | 102.13 | - | - |
| 09 Jun 2026 | 103.93 | - | - |
| 08 Jun 2026 | 107.42 | - | - |
| 05 Jun 2026 | 111.26 | - | - |
| 04 Jun 2026 | 112.84 | - | - |
| 03 Jun 2026 | 109.82 | - | - |
| 02 Jun 2026 | 109.82 | - | - |
| 01 Jun 2026 | 116.39 | - | - |
| 29 May 2026 | 117.02 | - | - |
| 28 May 2026 | 120.03 | - | - |
| 27 May 2026 | 120.41 | - | - |
| 22 May 2026 | 126.93 | - | - |
| 21 May 2026 | 127.47 | - | - |
| 20 May 2026 | 131.26 | - | - |
| 19 May 2026 | 131.50 | - | - |
| 18 May 2026 | 131.92 | - | - |
| 15 May 2026 | 115.52 | - | - |
| 14 May 2026 | 127.36 | - | - |
| 12 May 2026 | 126.70 | - | - |
| 11 May 2026 | 126.15 | - | - |
| 08 May 2026 | 121.96 | - | - |
| 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 | - | - |
| 27 Apr 2026 | 126.90 | - | - |
| 26 Apr 2026 | 112.10 | - | - |
| 11 Apr 2026 | 119.00 | - | - |
Price analysis
Highs and lows by period
| Period | Azeri Light (BTC) | Mumbai High | ||||
|---|---|---|---|---|---|---|
| High | Low | Range | High | Low | Range | |
| 7 Days | - | - | -% | - | - | -% |
| 30 Days | - | - | -% | - | - | -% |
| 90 Days | - | - | -% | - | - | -% |
| 180 Days | 131.92 | 83.16 | 36.96% | - | - | -% |
| 365 Days | 131.92 | 83.16 | 36.96% | 120.28 | 120.28 | 0% |
Range = (high − low) ÷ high.
Daily prices
Recent prices & spread
| Date | Azeri Light (BTC) | Chg | Mumbai High | Chg | Spread |
|---|---|---|---|---|---|
| 119.00 | 0 | ||||
| 112.10 | -6.9 | ||||
| 126.90 | +14.8 | ||||
| 128.77 | +1.87 | ||||
| 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
- Mumbai High Crude
Physical & chemical properties
API gravityhigher = lighter
AL(35°
MH33.5°
Sulfur contenthigher = sourer
AL(0.15%
MH0.25%
Densityhigher = heavier
AL(0.851 g/cm³
MH0.855 g/cm³
Viscosityhigher = thicker
AL(4.2 cSt
MH5.5 cSt
Pour pointhigher = waxier
AL(15 °C
MH12 °C
Typical refinery yields
Gasoline% of barrel
AL(48-52%
MH42-46%
Diesel% of barrel
AL(28-32%
MH30-34%
Jet fuel% of barrel
AL(01-12'%
MH01-12'%
Residual fuel% of barrel
AL(08-10'%
MH10-12'%
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 | Mumbai High Crude | Azeri Light (BTC) − Mumbai High |
|---|---|---|---|
| Classification | |||
| Classification | Light/Sweet | Light/Sweet | |
| Origin | Azerbaijan (Caspian Sea) | India (Offshore Mumbai) | |
| Chemical properties | |||
| API gravity | 35° API | 33.5° API | +1.5 °API |
| Sulfur content | 0.15% | 0.25% | -0.1% |
| Density | 0.851 g/cm³ | 0.855 g/cm³ | -0.004 g/cm³ |
| Pour point | 15 °C | 12 °C | +3 °C |
| Viscosity | 4.2 cSt | 5.5 cSt | -1.3 cSt |
| Typical refinery yields | |||
| Gasoline | 48-52% | 42-46% | +6 pts |
| Diesel | 28-32% | 30-34% | -2 pts |
| Jet fuel | 01-12'% | 01-12'% | 0 pts |
| Residual fuel | 08-10'% | 10-12'% | -2 pts |
| Trading & logistics | |||
| Delivery basis | Ceyhan (Turkey) | Mumbai production | |
| Major exchanges | Platts, Argus (Med CIF) | Spot differential | |
| Export hub | Ceyhan, Turkey (via BTC pipeline) | Mumbai, Kandla terminals | |
| Main destinations | Europe, Mediterranean | India domestic consumption | |
| Benchmark type | Regional (Med) | Regional (Domestic) | |
| Market profile | |||
| Key characteristics | Caspian light sweet, BTC pipeline to Mediterranean | Indian domestic feedstock, FPSO production | |
| Refining notes | High gasoline & kerosene yields; low residual output | Supports India's refinery needs | |
FAQ
Azeri Light (BTC) vs Mumbai High 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 Mumbai High Crude $120.28 per barrel, so Mumbai High traded at a premium of $36.19 over Azeri Light (BTC). Over the previous 30 shared price days the spread averaged -9.7 $/bbl, with Mumbai High priced above Azeri Light (BTC) on 0 day(s).
Azeri Light (BTC) Crude is a light/sweet Azerbaijan (Caspian Sea) crude (35° API, 0.15% sulfur) and Regional (Med) benchmark. Mumbai High Crude is a light/sweet India (Offshore Mumbai) crude (33.5° API, 0.25% sulfur) and Regional (Domestic) benchmark.
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