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DYNAMICS OF CHANGES IN SOME ECONOMIC SEGMENTS

Politics Materials 13 December 2005 12:01

Oil market

The oil futures market has boom week from 5 through 9 December, though the oil prices changed inconsiderably as a result. The oil futures on Light Sweet at NYMEX grew 7 cents over the week, while the futures prices for Brent oil at InterContinental Exchange Futures (ICE Futures) in London climbed up 26 cents.

Oil import to the United States grew last week to 10,579 million barrels a day against 9,693 million barrels a day in the previous week. The domestic oil production grew last week 5,021 million barrels a day against 4,765 million barrels a day in the previous week.

The commodity reserves of petrol grew last week 2.7 million barrels to 202.6 million barrels. Over the past 4 weeks average demand for petrol in the United States made up 9,171 million a day, which was 1.2% more than last year.

Over the past 4 weeks the average demand for oil products is while comprised 20,567 million barrels a day, which was 1.2% down as compared the same period of last year (20,820 million). In the previous report of the Ministry of Energy the lag 1.6% as compared to last year.

Currency market

Official rate of manat in respect to US dollar, set by the National Bank of Azerbaijan grew 3 points or 0.065%. Average rate over 5 working days was established as 4592 manats per 1 US dollar. As a result of the week from 5 through 9 December average rate of US dollar turned out 1.6 points or 0.035% down than the similar figure, calculated on the base of rates, established in the week from 28 November through 2 December.

Last week maximum rate of US dollar in respect to manat was established on 5, 6 and 7 December (4593 manats per 1 US dollar), minimum вЂ" 9 December (4590 manats per US dollar). Difference between maximum and minimum official rate of manat in respect to US dollar, set by the National Bank of Azerbaijan, comprised 3 points, or 0.065%.

Euro rates started the week at 5370.82 manats per euro, and completed at 5421.25 manats. The rates fell 50.43 points during the week.

Exchange rates of Azerbaijani manat in respect to US dollar, established on the base of results of the Baku Interbank Currency Exchange (BBVB) dropped 3 points or 0.065%. Average rate over 5 working days of last week was established as 4592 manats per US dollar. The average rate of US dollar in the end of the week from 5 through 9 December was set as 1.128 points or 0,025% more than the similar figure calculated on the base of rate established in the week from 28 through 2 December.

Last week maximum rates of US dollar in regard to Azerbaijani manat was fixed on 5, 6 and 7 December (4593 manats per 1 US dollar), minimum вЂ" on 9 December (4590 manats per 1 US dollar). Difference between maximum and minimum exchange rates of manat in respect to US dollar, set by the National Bank of Azerbaijan made up 3 manats or o,065%.

Aggregate amount of trading sessions (BEST) at BICEX comprised US $21,106m last week. Average daily deals constituted US $4,2212m. Maximal rates were fixed on 6 December, comprising US $5.489m. Strong fluctuations were not peculiar to last week dynamic of trading sessions.

Privatization shares market

The prices of privatization shares remained unchanged in this period.

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