Oil Market
The U.S. Energy Ministry publicized annual energy review on perspectives of development of power engineering in the period by 2030. According to authors, serious progress was observed in the United States: nuclear is used more and more actively (the United States are expected to resume the construction of the nuclear power station, stopped 25 years ago), bio-fuel (spirit, bio-diesel, etc), as well as liquid fuel on the base of coal. Moreover, the United States attached great importance to efficient use of energy.
The review urges that by 2015 the world crude prices will decrease gradually, but then rise. In 2030 the price of crude will reach $59 per barrel at the exchange rate of 2005. The prices of natural gas will drop by 2013, but later will increase.
In accordance with the forecasts, by 2030 the share of oil, coal and natural gas in the structure of U.S. energy consumption will remain in the level of 2005 - 86%. Rise in prices of energy resources and oil is very probable, which will promote increase in consumption of petrol.
By 2030 the number of automobiles that can operate with petrol and spirits will reach 2mln in the United States.
Currency Market
As per last weeks results (11-15 December), the official rate of Azeri manat in regards to the US dollar, set by the National Bank of Azerbaijan, grew by 0,0001 points or 0.01%. The average rate was established at 0.87206 manats per 1 US dollar, Trend reports
Last week, the maximum rate of the US dollar in respect to the Azeri manat was established on 11, 12 and 13 December (0.8721 manats per 1 US dollar), minimum 14 and 15 Decemberr (0.8720) manats per US dollar).
As per the last week results, exchange rates of the Azerbaijani manat with regards to the US dollar, established on the base of results of the Baku Interbank Currency Exchange (BICEX) increased by 0,0001 points or 0.01%. Average rate was fixed as 0.87206 manats per US dollar.
Last week, the maximum rate of the US dollar in respect to the Azeri manat was established on 11, 12 and 13 December (0.8721 manats per 1 US dollar), minimum 14 and 15 December (0.8720 manats per US dollar).
Deals concluded last week at BEST with transition to currency (T+0) comprised $5,830mln with average sustained exchange rate of 0.8721 AZN/USD on 11 December, $4,050mln with average sustained rate of 0.8721 AZN/USD on 12 December, $4.6mln with average sustained rate of 0.8721 AZN/USD on 13 December, $23,665mln with average sustained rate of 0.8720 AZN/USD on 14 December, and $5.740mln with average sustained rate of 0.8720 AZN/USD on 15 December.
Due to the absence of appeals, no deal was concluded with Russian ruble and Euros last week.
Privatization Shares Market
During this period the prices of vouchers were stable and made up 82,000 old manats (16.4 AZN). But only in the end of the week they decreased to 75,000 old manats (15 AZN).