Oil market
Average price of AZERI LT CIF, extracted at Azerbaijan’s Azeri-Chirag-Gunashli block of fields, was $56.2 per barrel on April 10-14 or $1.58 per barrel more than the previous week.
The highest price of AZERI LT was $56.44 per barrel, while the lowest price was $55.93 per barrel during the period.
Azerbaijan sells AZERI LT via the Turkish port of Ceyhan and Georgian ports of Batumi and Supsa. The oil is supplied to Ceyhan via the Baku-Tbilisi-Ceyhan pipeline and to Georgia via the Baku-Supsa pipeline, as well as by rail.
Average price of URALS (EX-NOVO), exported from Azerbaijan via the Novorossiysk port, was $52.89 per barrel on April 10-14 or $1.06 per barrel more than the previous week.
The highest price for URALS was $53.03 per barrel and the lowest price was $52.63 per barrel on April 10-14.
Azerbaijan sells the oil supplied via the Baku-Novorossiysk pipeline through Russia’s Novorossiysk port.
Average price of Brent Dated was $54.86 per barrel on April 10-14 or $1.55 per barrel more than the previous week.
The highest price for Brent was $54.98 per barrel and the lowest price was $54.67 during the period.
Currency market
The official exchange rate of Azerbaijani manat against the US dollar set by Azerbaijan’s Central Bank (CBA) increased by 0.0005 manats, or 0.0294 percent last week.
Accordingly, the average rate was set at 1.70292 AZN/USD.
The official exchange rate of manat against euro set by the CBA decreased by 0.0046 manats or 0.2551 percent last week.
Accordingly, the average AZN/EUR rate was set at 1.8074 manats.
Last week, the price of one ounce of gold increased by 29.5028 manats or 1.3678 percent.
Accordingly, the average price of one ounce of gold stood at 2155.16278 manats.