Oct. 25-29, the average price on Azeri Light CIF Augusta exported from Azerbaijan via the Ceyhan and Batumi ports was $83.75 per barrel, or $0.15 higher than the previous price. The maximum price was $84.33 per barrel. The minimum price was $82.65 per barrel on Oct. 25-29
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 about $80.1 per barrel, or $0.91 higher than the previous price.
The maximum price was $80.78 per barrel and the minimum - $79.04 per barrel Oct.25-29. 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 $82.41 per barrel, or $1.04 higher than the previous price Oct.25-29. The maximum price was $83.06 per barrel and the minimum - $81.26 per barrel. Brent Dated's density is 38.3 degrees API with a sulfur content of 0.36 percent.
World oil and gas price review for Oct.29.
Daily Oil & Gas Price Review |
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Prices for Friday, October 29, 2010 |
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Crude Oil Futures -- Prompt Month ($/bbl) |
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1st |
5-Day |
2nd |
3rd |
||
Chg. |
Month |
Avg. |
Month |
Month |
|
ICE Brent |
-0.44 |
83.15 |
83.43 |
83.38 |
83.63 |
Nymex Light Sweet |
-0.75 |
81.43 |
82.12 |
82.15 |
82.73 |
International Crudes ($/bbl) |
|||||
Spot |
5-Day |
Month- |
Year- |
||
Cash/Spot |
Chg. |
Price |
Avg. |
Ago |
Ago |
Brent (Dated) |
-0.51 |
82.66 |
82.47 |
82.78 |
76.86 |
Dubai |
-0.61 |
79.95 |
80.20 |
80.92 |
78.50 |
Oman |
-0.12 |
79.99 |
80.30 |
79.56 |
77.99 |
WTI (Cushing) |
-0.75 |
81.43 |
82.00 |
81.55 |
78.84 |
Opec Basket (A) |
+0.73 |
79.92 |
80.22 |
77.48 |
76.37 |
Minas |
-3.67 |
79.84 |
82.78 |
80.33 |
77.21 |
Tapis |
-1.62 |
87.78 |
89.08 |
86.52 |
80.34 |
Forties |
-0.51 |
82.31 |
81.95 |
80.85 |
78.25 |
Oseberg |
-0.51 |
83.01 |
82.89 |
82.22 |
79.40 |
Bonny Light |
-0.51 |
83.86 |
82.90 |
84.33 |
79.50 |
Urals |
-0.51 |
80.91 |
80.64 |
81.48 |
78.10 |
North American Crudes ($/bbl) |
|||||
Spot |
5-Day |
Month- |
|||
Cash/Spot |
Chg. |
Price |
Avg. |
Ago |
|
WTS (Midland) |
-0.56 |
78.69 |
79.31 |
79.16 |
|
LLS (St. James) |
-0.56 |
84.54 |
84.90 |
85.66 |
|
Mars (Clovelly) |
-0.71 |
79.19 |
79.76 |
81.06 |
|
ANS (California) |
-0.47 |
80.80 |
81.59 |
81.93 |
|
Maya (Mexico) |
-0.31 |
72.39 |
72.63 |
72.89 |
|
Heating Oil/Gasoline Futures -- Prompt Month |
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Futures |
1st |
5-Day |
2nd |
3rd |
|
Nymex (ў/gal.) |
Chg. |
Month |
Avg. |
Month |
Month |
RBOB Gasoline |
-0.94 |
210.45 |
209.83 |
205.94 |
206.82 |
Heating Oil |
-2.34 |
222.01 |
224.14 |
223.77 |
226.19 |
ICE (London) |
|||||
Gas Oil ($/ton) |
-7.25 |
700.75 |
705.05 |
704.00 |
708.50 |
Gas Oil (ў/gal.) |
-2.30 |
222.46 |
223.83 |
223.49 |
224.92 |
Product Spot Markets |
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US Gulf Coast‡ |
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Spot |
5-Day |
Month- |
|||
Gasoline (ў/gal.) |
Chg. |
Price |
Avg. |
Ago |
|
Regular Gasoline |
-2.09 |
200.30 |
202.17 |
207.80 |
|
Premium Gasoline |
-2.09 |
212.30 |
213.37 |
211.80 |
|
Regular RBOB |
+0.95 |
210.95 |
208.94 |
208.36 |
|
Mid-Distillates (ў/gal.) |
|||||
Heating/Gas Oil (B) |
-0.81 |
219.33 |
220.59 |
224.45 |
|
Low Sulfur Gas Oil/Diesel (C) |
-1.81 |
219.83 |
221.89 |
227.11 |
|
Jet Fuel |
+1.19 |
224.83 |
224.49 |
226.70 |
|
Fuel Oil ($/bbl) |
|||||
1% Sulfur |
0.00 |
74.97 |
75.15 |
74.97 |
|
3%-3.5% Sulfur |
-0.04 |
71.28 |
71.15 |
71.53 |
|
New York‡ |
|||||
Spot |
5-Day |
Month- |
|||
Gasoline (ў/gal.) |
Chg. |
Price |
Avg. |
Ago |
|
Regular Gasoline |
+1.45 |
213.95 |
212.19 |
212.30 |
|
Premium Gasoline |
+0.70 |
226.20 |
225.09 |
221.55 |
|
Regular RBOB |
+1.20 |
213.70 |
212.64 |
209.55 |
|
Mid-Distillates (ў/gal.) |
|||||
Heating/Gas Oil (B) |
-1.94 |
220.84 |
222.44 |
226.70 |
|
Low Sulfur Gas Oil/Diesel (C) |
-1.94 |
221.59 |
223.64 |
228.70 |
|
Jet Fuel |
-1.94 |
221.84 |
226.64 |
230.20 |
|
Fuel Oil ($/bbl) |
|||||
1% Sulfur |
0.00 |
73.88 |
73.99 |
74.53 |
|
3%-3.5% Sulfur |
+1.09 |
71.72 |
71.29 |
72.63 |
|
Rotterdam ($/ton) (F) |
|||||
Spot |
5-Day |
Month- |
|||
Gasoline |
Chg. |
Price |
Avg. |
Ago |
|
Regular Gasoline |
-11.00 |
736.00 |
743.60 |
708.00 |
|
Premium Gasoline |
-2.00 |
742.00 |
748.00 |
687.00 |
|
Mid-Distillates |
|||||
Heating/Gas Oil (B) |
-5.25 |
693.75 |
699.35 |
712.75 |
|
Low Sulfur Gas Oil/Diesel (C) |
-5.25 |
719.75 |
728.25 |
726.75 |
|
Jet Fuel |
-5.25 |
744.75 |
748.85 |
746.75 |
|
Fuel Oil |
|||||
1% Sulfur |
+3.00 |
475.00 |
472.20 |
452.00 |
|
3%-3.5% Sulfur |
-6.00 |
446.00 |
447.40 |
437.00 |
|
Singapore |
|||||
Spot |
5-Day |
Month- |
|||
Light Ends |
Chg. |
Price |
Avg. |
Ago |
|
Naphtha ($/bbl) |
-0.05 |
84.10 |
83.84 |
77.17 |
|
Regular Gasoline ($/bbl) |
-0.25 |
89.75 |
89.80 |
85.17 |
|
Mid-Distillates ($/bbl) |
|||||
Gas Oil |
-0.50 |
91.80 |
92.42 |
89.85 |
|
Jet/Kerosene |
-0.45 |
93.45 |
93.97 |
90.30 |
|
Fuel Oil ($/ton) |
|||||
3% Sulfur |
-2.05 |
478.75 |
480.01 |
455.00 |
|
Mideast Gulf |
|||||
Spot |
5-Day |
Month- |
|||
Light Ends |
Chg. |
Price |
Avg. |
Ago |
|
Naphtha ($/mt) |
-0.31 |
754.56 |
752.05 |
688.99 |
|
Regular Gasoline ($/bbl) |
... |
... |
... |
... |
|
Mid-Distillates ($/bbl) |
|||||
Gas Oil |
-0.50 |
92.20 |
93.14 |
87.10 |
|
Jet/Kerosene |
-0.43 |
92.85 |
93.70 |
87.28 |
|
Fuel Oil ($/ton) |
|||||
3% Sulfur |
-2.05 |
468.04 |
469.35 |
444.27 |
|
Natural Gas |
|||||
1st |
2nd |
||||
Chg. |
Month |
Month |
|||
US -- Henry Hub (Nymex) |
$/MMBtu |
+0.148 |
4.038 |
4.265 |
|
US -- Henry Hub (Cash) |
$/MMBtu |
-0.01 |
3.35 |
... |
|
UK -- NBP (Cash) |
p/th |
-3.80 |
44.00 |
... |
|
Produced by Oil Daily in cooperation with Reuters |
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Notes: All spot assessments are bid prices published by Reuters at |
Monetary market
Last week the official rate of the manat against the US dollar, set by the Central Bank of Azerbaijan, consolidated by 0.0004 points or 0.04 percent. The average rate was established at 0.8009 manat to 1 U.S. dollar.
The maximum rate of the US dollar compared to manat was established Oct.27 (0.8011 manat to 1 U.S. dollar) and minimum was established Oct. 29 at 0.8007 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) decreased by 0.0038 (0.38) to 1 U.S. dollar. The average exchange rate was fixed at 0.80122 manat per dollar.
Deals concluded last week at BEST with transition to currency (T+0) comprised: Oct.25 - $1.05 million with exchange rate of 0.8032 AZN/USD, Oct.26 - $0.5 million with exchange rate of 0.8032 AZN/USD, Oct.27- $7.7 million with exchange rate of 0.8006 AZN/USD, Oct.28 - $26.5 million with exchange rate of 0.7997 AZN/USD, Oct.29- $11.7 million with exchange rate of 0.7994 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 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.