...

Oil prices and dynamics of monetary market of Azerbaijan (Sept.8-12)

Analysis Materials 15 September 2014 16:44 (UTC +04:00)

Oil market

The average price on AZERI LT, exported from Azerbaijan via the Ceyhan, Batumi and Supsa ports to Italian Augusta port, was $99.04 per barrel Sept.8-12, which is $3.27 less compared to the previous week.

The maximum price for AZERI LT was $100.24 per barrel. The minimum price was $97.98 per barrel.

The average price on Urals (Ex-Novo) exported from Azerbaijan via the Novorossiysk port was $95.51 per barrel, which is $3.55 per barrel more compared to the previous week.

The maximum price for Urals was $97.11 per barrel and the minimum - $93.92 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 $97.2 per barrel, which is $3.46 per barrel less compared to the previous week.

The maximum price on Brent was $99.61 per barrel and the minimum - $96.29.

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 0.7843 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: September 8 - $1.17 million, September 11 - $5,6 million, September 12 - $0.88 million No deals were concluded on September 9 and 10.

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.

Latest

Latest