...

Oil prices and dynamics of monetary market of Azerbaijan (nov.14-19)

Analysis Materials 22 November 2011 11:40 (UTC +04:00)

On Nov.14-18, the average price on Azeri Light CIF Augusta exported from Azerbaijan via the Ceyhan, Batumi and Supsa ports was $115 per barrel, or $3.2 less than the previous price. The maximum price was $116.54 per barrel. The minimum price was $112.4. 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 $109.73 per barrel, or $3.36 more than the previous price.

The maximum price was $111.32 per barrel and the minimum - $107.15.

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 $110.81 per barrel, or $4 less than the previous price.

The maximum price was $112.76 per barrel and the minimum - $107.79. Brent Dated's density is 38.3 degrees API with a sulfur content of 0.36 percent.

Monetary market

Last week the official rate of the manat to the US dollar, set by the Central Bank of Azerbaijan , consolidated by 0.0001 point (0.01 percent). The average rate was established at 0.78654 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) declined by 0.0004 points (0.04 percent) and amounted to 0.78606 manat to $1.

Deals concluded last week at BEST with transition to currency (T+0) comprised: Nov.14 - $7.5 million with exchange rate of 0.7861 AZN/USD, Nov.15 - $10.31 million with the exchange rate of 0.7861 AZN/USD, Nov.16 - $27.5 million with the exchange rate 0.7859 AZN/USD, Nov.17 - $3.664 million with the exchange rate 0.7861 AZN/USD, Nov.18 - $7.3 million with the exchange rate of 0.7863 AZN/USD.

No deal was concluded with USD/AZN T+1 and T+2 due to too few appeals by dealers.

Tags:
Latest

Latest