Oil prices and dynamics of monetary market of Azerbaijan (Nov. 10-14)
The average price for AZERI LT, exported from Azerbaijan via the Ceyhan, Batumi and Supsa ports to Italian Augusta port, was $81.7 per barrel on Nov. 10-14 or by $3.08 less than the previous week.
The maximum price for AZERI LT was $84.53 per barrel and the minimum price was $79.14 per barrel during the reporting period.
The average price on Urals (Ex-Novo) exported from Azerbaijan via the Novorossiysk port stood at nearly $78.22 per barrel or by $2.84 per barrel less than the previous week.
The maximum price for Urals totaled $82.56 per barrel and the minimum - $75.11 per barrel on Nov.10-14.
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 for Brent Dated was $79.15 per barrel on Nov. 10-14 or by $3.94 per barrel less than the previous week.
The maximum price on Brent was $80.58 per barrel and the minimum - $76.75 during the reporting period.
The official rate of AZN to the U.S. dollar set by the Azerbaijani Central Bank (CBA) consolidated by 0.0001 points (0.01 percent). The average rate was established at 0.78435 AZN to 1 U.S. dollar.
As a result of last week's exchange, the stock exchange price of the Azerbaijani AZN to the U.S. dollar, established based on results from the Baku Inter-bank Currency Exchange (BICEX), remained unchanged. The average rate was set at 0.7829 AZN to 1 U.S. dollar.
Deals concluded last week at BEST comprised: Nov. 12 - $12.246 million and Nov. 14 - $0.280 million. No deals were concluded on Nov. 10, 11 and 13.
No deal was concluded with USD/AZN T+1 and T+2 due to lack of appeals made by dealers. Appeals on EUR/AZN and RUB/AZN were not made by banks in BEST.