Azeri Light overloads Mediterranean crude market

摘要

Rising exports of sweet Caspian crude Azeri Light have saturated the Mediterranean market,pushing the grade to 10-month lows against dated BFO and forcing sellers to seek new markets.Azeri Light exports are expected to rise to a record 290,000 b/d this month,up by 40,000 b/d from April and nearly double the 155,000 b/d exported in May 2005.