Oil prices and dynamics of monetary market of Azerbaijan (27.06- 1.07.2011)
On June 27-July 1, the average price on Azeri Light CIF Augusta exported from Azerbaijan via the Ceyhan and Batumi ports was about $113.18 per barrel, or $1.4 less than the previous price.
The maximum price was $115.88 per barrel. The minimum price was $108.84.
Azeri Light's density is 34.6 degrees API with 0.14-percent sulfur content.
The average price on Urals (Ex-Novo) exported from Azerbaijan via the Novorossiysk port was over $106.32 per barrel, or $1.0 less than the previous price.
The maximum price was $109.16 per barrel and the minimum - $101.79.
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 about $108.69 per barrel, or $1.5 less than the previous price.
The maximum price was $111.51 per barrel and the minimum - $104.19.
Brent Dated's density is 38.3 degrees API with a sulfur content of 0.36 percent.
Last week the official rate of the manat to the US dollar, set by the Central Bank of Azerbaijan , consolidated by 0.0004 points (0.0 4 percent). The average rate was established at 0. 78 686 manat to 1 U.S. dollar.
As a result of last week's exchange, the rate of the Azerbaijani manat to the U.S. dollar, established based on results from the Baku Inter-bank Currency Exchange (BICEX) consolidated by 0.00 08 manat to $1. Last week the average currency rate was fixed at 0.78 606 manat to $1.
Deals concluded last week at BEST with transition to currency (T+0) comprised: June 2 7- no deals were concluded, so, theexchange rate remained 0.7859 AZN/USD , June 2 8 - $11 million with exchange rate of 0.78 55 AZN/USD, June 29- $3 million with exchange rate of 0.78 63 AZN/USD, June 30 - $4.216 million with exchange rate of 0.78 63AZN/USD and July 1 - $0.236 million with exchange rate of 0.78 63 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.