DYNAMICS OF CHANGES IN SOME ECONOMIC SEGMENTS

Oil market

Last week (20 24 Feb) started and ended amid the dramatic events at the oil futures market. The Opening of trading sessions on Monday (20 Feb) was proceeded by a sharp cut in oil export from Nigeria, where the gunmen attacked on several oil facilities on Nigeria delta, the major oil producing region of the country. On Friday (24 Feb) the market was shocked by terrorists attacks on major oil complex in Saudi Arabia, the world biggest oil producing power.

As a result of trading session on Friday the April futures for Brent oil at InterContinental Exchange Futures (ICE Futures) in London grew from $2.06 to $62.60 per barrel. The April futures for Light Sweet at NYMEX grew $2.37 per barrel to $62.91 per barrel.

Currency market

As of results of the previous week the official rate of AZN against USD set by the National Bank of Azerbaijan (NBA) has not changed. The average rate for five weekdays of the passed week was set at the level of 0,91396 AZN for 1 USD.

The maximal rate of USD last week against AZN was set on 13,14,16,17 February (0,914 AZN per 1 USD), minimal - on 15 February (0,9138 AZN for 1 USD).

As of results of the passed week the exchange rate of AZN against USD, set by the results of auction at the Baku Inter-bank Currency Exchange (BICE) dropped for 0,0002 manat points or 0,0022%. The average rate for five weekdays of the previous week was set at the level of 0,91384 AZN for 1 USD.

The maximal rate of USD against AZN last week was set on 14 and 10 February (0,914 AZN per 1 USD), minimal on 15 February (0,9136 AZN for 1 USD).

No deal with RUR and EUR was fixed.

Privatization shares market

The prices of privatization shares remained unchanged in this period.

Weekly actual topics in Azerbaijan (April 16-20)
Weekly actual topics in Azerbaijan (April 16-20)
Weekly tenders in the region (April 16-20)
Weekly tenders in the region (April 16-20)
Last week’s laws, orders and decrees in Azerbaijan (April 16-20)
Last week’s laws, orders and decrees in Azerbaijan (April 16-20)
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