On Aug. 2-6 the average price of AZERI LT CIF Augusta was roughly $83.84 per barrel, 4.9 dollar more per barrel than the average price in pervious week. AZERI LT maximal oil price was $84.64 per barrel, minimal - $82.88 per barrel Aug. 2-6. The thickness of Azeri Light is 34.6 degrees API, sulfur content - 0.14 percent.
On Aug. 2-6 the average price of URALS is $78.73 per barrel, which is 4.7 dollar more per barrel than the average price in pervious week. The maximal price of URALS was $79.69 per barrel, minimal - $77.49 per barrel. The thickness of URALS is 32 degrees API, sulfur content - 1.3 percent.
The average price of Brent Dated is $82.74 per barrel, which is 4.8 dollar more than the average price in pervious week. The maximal price of Brent Dated was $83.84 per barrel, minimal - $81.38 per barrel.The thickness of Brent Dated is 38.3 degrees API, sulfur content - 0.36 percent.
The average spot price in 13 varieties (including North American) last week (Aug.2-6) amounted to $81.79 per barrel, with a $4.59 increase from the previous week.
The highest average price was observed on the Minas oil produced in Indonesia. Its average sport price hit $86.51 per barrel, which is more by $4.97 compared to the previous week. The price for Minas is used in setting prices for other brands of oil exports in the Gulf region. Its density is 35.3-degrees API, with a 0.09-percent sulfur content.
Average spot price for the Malaysian oil Tapis was lower by $15.4 per barrel compared to the Minas oil and hit $84.97. This type is used as a reference for the oil-producing zone of the Far East. Tapis's density is 45.5-degrees API with a 0.1-percent sulfur content.
Average price for the Bonny Light oil produced in Nigeria was $84.62 with a $5.5 increase from the previous week. The density of Bonny Light, used to determine the price of other brands of oil exports in the Gulf, is 33.4-degrees API with a 0.16-percent sulfur content.
The price for North Sea Oseberg oil hit $84.43 per barrel. Last week the price of the North Sea oil amounted to $78.28 per barrel. The density of Oseberg is 37.8-degrees API with a 0.27-percent sulfur content.
The price of Brent (Dated) oil, produced in the North Sea, last week was $83.93, with a $5.,57 increase from the previous week. Brent Dated's density is 38.3-degrees API, with a 0.36-percent sulfur content.
The average spot price for North Sea Forties was $83.84 per barrel with a $5.53 increase from the previous week. Forties has a low sulfur content and high potential to produce gasoline. Its density is about 40.3-degrees API with a 0.56-percent sulfur content.
Last week, the average spot price for the American West Texas Intermediate (WTI) reached $1.79 with a $3.67 increase from the previous week. WTI's density is 40-degrees API with a 0.4-05-percent sulfur content. This oil is mainly used to produce gasoline and therefore the demand is high, particularly in the U.S. and China.
Average spot price for the high-sulfur oil Urals, which is a mixture of oil produced in the Khanty-Mansi Autonomous District and Tatarstan was $80.69 per barrel with a $5.02 increase from the previous week. The main producers of Urals oil is the Rosneft, Lukoil, Surgutneftegaz, Gazprom Neft, TNK-BP and Tatneft companies. Abroad, this oil is known under the name Siberian Light. In Russia, oil futures for Urals are traded on the FORTS market at the RTS stock exchange.
Average spot price for the American Mars oil was $79.66 per barrel compared to $75.78 in previous week. Mars's density is 28.9-degrees API with a 2.05-percent sulfur content.
Last week, the average spot price for the American WTS crude oil was $79.65 per barrel compared to $75.83 in the previous week. The density of WTS is not less than 30 degrees-API with a 2.5-percent sulfur content.
Last week, the average spot price for a marker grade of oil produced in Dubai and used as a benchmark in setting prices of other brands of oil exports in the Gulf region Dubai Crude was $78.74 with a $4.41 increase from the previous week.. Dubai Crude is light oil whose density is 31 degrees-API with a 2-percent sulfur content.
Last week, average spot price for the OPEC oil basket was observed at $77.5 per barrel, with a $3.49 increase from the previous week. The OPEC's price is the average index of physical prices for the following 11 grades of oil: Saharan Blend (Algeria), Girassol (Angola), Oriente (Ecuador), Iran Heavy (Iran), Basra Light (Iraq), Kuwait Export (Kuwait), Es Sider (Libya), Bonny Light (Nigeria), Qatar Marine (Qatar), Arab Light (Saudi Arabia), Murban (UAE) and Merey (Venezuela).
Last week, the lowest average spot price was observed for the benchmark grade of oil from the Middle East Oman at $76.91 per barrel, , with a $4.16 increase from the previous week. The density of the Oman oil is 36.3-degrees API, with a 0.8-percent sulfur content.
Currency market
Last week the official rate of the manat against the US dollar, set by the Central Bank of Azerbaijan, decreased by 0.0001 points or 0.01 percent. The average rate was established at 0. 80338 manat to 1 U.S. dollar.
The maximum rate of the US dollar compared to manat was established Aug. 4 (0.8033 manat to 1 U.S. dollar) and other days of the week was 0.8034 manats to 1 U.S. dollar.
As a result of last week's exchange rate of the Azerbaijani manat to the U.S. dollar, established based on results from the Baku Inter-bank Currency Exchange (BICEX) consolidated by 0.0011 points or 0.11 percent. The average rate was fixed at 0.80306 to 1 U.S. dollar.
Deals concluded last week at BEST with transition to currency (T+0) comprised: Aug.2 28 - $2.635 million with the average sustained rate of 0.8035 manats to 1 U.S. dollar, Aug. 3 and 4 deals were not concluded and the rate remained at the level 0.8035 manats to 1 U.S. dollar, Aug.5 - $4.1 million with the average sustained rate of 0.8024 manats to 1 U.S. dollar, Aug.6 - deals were not concluded and the rate remained at the level 0.8024 manats to 1 U.S. dollar.
No deal was concluded with USD/AZN T+1 and T+2 due to an absence of appeals by dealers. Appeals were not received on RUB/AZN and EUR/AZN.
Privatization shares market
Last week the price of the privatization vouchers decreased and purchase was 5 manat, and sale - 6 manat. Under the President Ilham Aliyev's decree on additional measures for ensuring the use of the state privatization vouchers, the validity period of the vouchers was prolonged until Jan. 1, 2011. This decision was taken due to the fact that about 80 percent of the check is derived from the circulation.