Oil market
The average price on AZERI LT, exported from Azerbaijan via the Ceyhan, Batumi and Supsa ports to Italian Augusta port, was $103.27 per barrel Aug. 25-29, which is $1.12 more compared to the previous week. The maximum price for AZERI LT was $103.4 per barrel. The minimum price was $103.15 per barrel.
The average price on Urals (Ex-Novo) exported from Azerbaijan via the Novorossiysk port was $100.1 per barrel, which is $1.2 per barrel more compared to the previous week. The maximum price for Urals was $100.24 per barrel and the minimum - $99.93 per barrel. Urals' density is 32 degrees API with a sulfur content up to 1.3 percent. The oil grade's specifications vary when sold depending on its high/low-quality content.
The average price on Brent Dated was nearly $100.85 per barrel, which is $0.9 per barrel more compared to the previous week. The maximum price on Brent was $101.22 per barrel and the minimum - $100.01.
Currency market
The official rate of AZN to the U.S. dollar set by the Azerbaijani Central Bank (CBA) remained unchanged. The average rate was established at 0.7844 AZN to 1 U.S. dollar.
As a result of last week's exchange, the stock exchange price of the Azerbaijani AZN to the U.S. dollar, established based on results from the Baku Inter-bank Currency Exchange (BICEX), remained unchanged. The average rate was set at 0.7829 AZN to 1 U.S. dollar.
Deals concluded last week at BEST comprised: August 26 - $2.9 million, August 27 - $8.6 million. No deals were concluded on August 25, 28 and 29.
No deal was concluded with USD/AZN T+1 and T+2 due to lack of appeals made by dealers. Appeals on EUR/AZN and RUB/AZN were not made by banks in BEST.