Oil market
The average price for AZERI LT, exported from Azerbaijan via the Turkish port of Ceyhan and Georgian Batumi and Supsa ports, was $40.74 per barrel on Dec.7-11 or $3.86 per barrel less than the previous week.
The maximum price for AZERI LT, which is produced at the Azeri-Chirag-Guneshli block of Azerbaijani fields, was $41.87 per barrel and the minimum price was $38.9 per barrel during the reporting period.
AZERI LT is delivered to Ceyhan via the BTC and to Georgia - via the Baku-Supsa pipeline, as well as by rail. In 2016 Azerbaijan plans to produce an average of 0.87 million barrels of AZERI LT per day.
The average price for Urals (Ex-Novo) exported from Azerbaijan via the Novorossiysk port stood at $35.9 per barrel or $4.37 per barrel less than the previous week.
The maximum price for Urals totaled $37.23 per barrel and the minimum - $34.02 per barrel on Dec.7-11.
Azerbaijan sells oil at this Russian port, which is delivered via the Baku-Novorossiysk pipeline. In 2016, the SOCAR state company plans to pump 1.4 million tons of oil through this pipeline.
The average price for Brent Dated was $38.85 per barrel or $3.68 per barrel less than the previous week.
The maximum price for Brent was $39.77 per barrel and the minimum - $37.13 during the reporting period.
International financial institutions forecast that in 2016, the average price for Brent will be $55-$60 per barrel compared to $53-$55 per barrel in 2015.
Currency market
The official exchange rate of Azerbaijani manat to the US dollar set by Azerbaijani Central Bank consolidated by 0.0004 manats (0.0381 percent). Accordingly, the average rate was set at 1.04964 manats to 1 US dollar.
During the week, the official exchange rate of manat to euro set by the CBA weakened by 0.0073 manats (0.6401 percent). Accordingly, the average rate was set at 1.1454 manats to 1 euro.
This week, the price on one ounce of gold has decreased by 9.0901 manats (0.8022 percent).
Accordingly, the average price for gold reached 1129.2341 manats.
The trading at Baku Interbank Currency Exchange (BBVB) has not been carried out since the beginning of the year, so the exchange rate of manat is not formed.