Oil prices and dynamics of monetary market of azerbaijan (20.09- 25.09.2010)

On Sept. 20-24, the average price on Azeri Light CIF Augusta exported from Azerbaijan via the Ceyhan and Batumi, Supsa ports was $80.25 per barrel, or $0.44 less than the previous price.

The maximal price was $81.49 per barrel. The minimal price was $79.11.

Azeri Light's density is 34.6 degrees API with a 0.14-percent sulfur content.

The average price on Urals (Ex-Novo) exported from Azerbaijan via the Novorossiysk port was $76.88 per barrel, or $0.68 less than the previous price.

The maximal price was $78.33 per barrel and the minimal - $75.69.

Urals' density is 32 degrees API with a sulfur content up to 1.3 percent. The oil grade's specifications vary when sold depending on its high/low-quality content.

The average price on Brent Dated was $78.3 per barrel, or $0.21 less than the previous price.

The maximal price was $79.48 per barrel and the minimal - $77.29.

Brent Dated's density is 38.3 degrees API with a sulfur content of 0.36 percent.

World oil and gas price review for Sept. 24 is provided by Energy Intelligence Group.

Daily Oil & Gas Price Review

Prices for Friday, September 24, 2010

Crude Oil Futures -- Prompt Month ($/bbl)

1st

5-Day

2nd

3rd

Chg.

Month

Avg.

Month

Month

ICE Brent

+0.76

78.87

78.53

79.12

79.50

Nymex Light Sweet

+1.31

76.49

74.95

77.65

78.62

International Crudes ($/bbl)

Spot

5-Day

Month-

Year-

Cash/Spot

Chg.

Price

Avg.

Ago

Ago

Brent (Dated)

+1.04

79.47

79.10

75.14

66.48

Dubai

+0.76

76.20

75.40

72.63

70.97

Oman

+1.09

74.49

75.23

70.94

71.44

WTI (Cushing)

+1.23

74.58

73.69

73.34

70.78

Opec Basket (A)

-0.13

74.28

75.81

70.00

68.69

Minas

+1.13

76.89

76.98

79.45

66.16

Tapis

+1.13

83.08

82.43

78.42

73.04

Forties

+1.04

78.87

78.57

69.58

71.21

Oseberg

+1.04

80.27

79.89

72.08

72.56

Bonny Light

+1.04

80.27

79.20

76.24

73.06

Urals

+1.04

78.02

77.85

74.24

70.76

North American Crudes ($/bbl)

Spot

5-Day

Month-

Cash/Spot

Chg.

Price

Avg.

Ago

WTS (Midland)

+1.94

72.74

71.46

70.82

LLS (St. James)

+0.74

79.59

79.35

76.52

Mars (Clovelly)

+1.79

77.64

75.90

70.57

ANS (California)

+2.07

76.70

74.90

71.71

Maya (Mexico)

+1.11

67.48

66.96

64.97

Heating Oil/Gasoline Futures -- Prompt Month

Futures

1st

5-Day

2nd

3rd

Nymex (ў/gal.)

Chg.

Month

Avg.

Month

Month

RBOB Gasoline

+2.97

194.71

192.70

194.04

194.68

Heating Oil

+1.61

213.06

212.23

214.99

216.59

ICE (London)

Gas Oil ($/ton)

+5.50

682.75

678.50

680.50

681.00

Gas Oil (ў/gal.)

+1.75

216.75

215.40

216.03

216.19

Product Spot Markets

US Gulf Coast‡

Spot

5-Day

Month-

Gasoline (ў/gal.)

Chg.

Price

Avg.

Ago

Regular Gasoline

+4.00

193.90

192.09

191.25

Premium Gasoline

+4.00

200.40

198.39

197.25

Regular RBOB

+4.80

192.90

190.77

190.25

Mid-Distillates (ў/gal.)

Heating/Gas Oil (B)

+2.83

208.72

207.25

197.39

Low Sulfur Gas Oil/Diesel (C)

+2.33

210.97

209.81

196.50

Jet Fuel

+2.83

212.72

211.45

205.39

Fuel Oil ($/bbl)

1% Sulfur

+0.31

70.03

69.86

67.03

3%-3.5% Sulfur

+0.05

66.80

66.99

64.30

New York‡

Spot

5-Day

Month-

Gasoline (ў/gal.)

Chg.

Price

Avg.

Ago

Regular Gasoline

+4.07

197.72

195.05

187.25

Premium Gasoline

+4.07

207.72

203.85

195.25

Regular RBOB

+4.07

195.47

192.80

188.75

Mid-Distillates (ў/gal.)

Heating/Gas Oil (B)

+2.56

210.90

209.84

198.75

Low Sulfur Gas Oil/Diesel (C)

+2.56

213.15

211.79

201.75

Jet Fuel

+2.56

216.65

215.69

209.25

Fuel Oil ($/bbl)

1% Sulfur

-0.59

71.38

72.04

69.13

3%-3.5% Sulfur

-0.09

69.13

69.52

66.28

Rotterdam ($/ton) (F)

Spot

5-Day

Month-

Gasoline

Chg.

Price

Avg.

Ago

Regular Gasoline

+12.00

692.00

696.80

647.00

Premium Gasoline

+2.00

682.00

698.00

649.00

Mid-Distillates

Heating/Gas Oil (B)

+4.75

675.25

672.60

623.75

Low Sulfur Gas Oil/Diesel (C)

+4.75

693.75

691.40

649.75

Jet Fuel

+4.75

713.25

712.30

673.75

Fuel Oil

1% Sulfur

+7.00

444.00

443.00

436.00

3%-3.5% Sulfur

+6.00

426.00

426.25

408.00

Singapore

Spot

5-Day

Month-

Light Ends

Chg.

Price

Avg.

Ago

Naphtha ($/bbl)

+0.25

73.93

74.22

71.10

Regular Gasoline ($/bbl)

+0.80

81.95

82.18

78.10

Mid-Distillates ($/bbl)

Gas Oil

+0.60

87.30

87.32

83.40

Jet/Kerosene

+0.92

88.02

87.77

83.25

Fuel Oil ($/ton)

3% Sulfur

+2.75

447.25

446.90

436.00

Mideast Gulf

Spot

5-Day

Month-

Light Ends

Chg.

Price

Avg.

Ago

Naphtha ($/mt)

+2.37

658.14

660.04

630.08

Regular Gasoline ($/bbl)

...

...

...

...

Mid-Distillates ($/bbl)

Gas Oil

-1.30

86.40

86.86

80.90

Jet/Kerosene

-0.43

86.77

86.71

80.57

Fuel Oil ($/ton)

3% Sulfur

+2.75

436.52

436.11

425.25

Natural Gas

1st

2nd

Chg.

Month

Month

US -- Henry Hub (Nymex)

$/MMBtu

-0.138

3.881

4.009

US -- Henry Hub (Cash)

$/MMBtu

-0.13

3.95

...

UK -- NBP (Cash)

p/th

+1.10

43.80

...

Produced by Oil Daily in cooperation with Reuters

Notes: All spot assessments are bid prices published by Reuters at
5.30 p.m. ET. When prior day bid prices are not available at press time,
price changes and averages are based on prior day closing spot prices.
This will occur on days when International Oil Daily does not publish,
or when market data are not available at publication time.
A--Opec basket price is for previous day. Month-ago figure is 20-day average.
B--No. 2 Heating Oil in US; 0.2% Gas Oil in Rotterdam.
C--No. 2 Low Sulfur Diesel in US; Ultra Low Sulfur Diesel in Europe.
D--Low pour.
E--High pour.
F--All Rotterdam prices are f.o.b. barge quotations.
G--day ahead.

Monetary

Last week the official rate of the manat against the US dollar, set by the Central Bank of Azerbaijan, consolidated by 0.0003 points or 0.03 percent. The average rate was established at 0.8031 manat to 1 U.S. dollar.

The maximum rate of the US dollar compared to manat was established Sept. 20 (0.8033 manat to 1 U.S. dollar) and minimum was established Sept. 22, 23 and 24 at 0.8030 manat 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 0.0002 points or 0.02 percent. The average rate was fixed at 0.80328 to 1 U.S. dollar. 

Deals concluded last week at BEST with transition to currency (T+0) comprised: Sept. 20 - $0.287 million with exchange rate of 0.8034 AZN/USD, Sept. 21 - no deals were concluded. So, the rate remained at the same level of 0.8034 AZN/USD, Sept. 22 - $4.199 million with exchange rate of 0.8032 AZN/USD, Sept. 23 and 24 - no deals were concluded. So, the rate remained at the same level of 0.8032 AZN/USD.

No deal was concluded with USD/AZN T+1 and T+2 due to too few appeals by dealers. Appeals were not received on RUB/AZN and EUR/AZN.

Market of privatization shares

Last week, the price on privatization vouchers remained without changes, with purchases was running for five manat and and sales for six manat. President Ilham Aliyev's decree on additional measures to ensure the use of  state privatization vouchers prolonged the validity period until Jan. 1, 2011. This decision was made as roughly 80 percent of the vouchers were still in circulation.

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