Oil prices and dynamics of monetary market of Azerbaijan (Apr. 18-22)
The average price for AZERI LT CIF, extracted on the block of Azerbaijani fields Azeri-Chirag-Guneshli, was $44.8 per barrel on Apr. 18-22 or $0.54 per barrel more than the previous week.
The maximum price for AZERI LT was $45.98 per barrel and the minimum price was $43.43 per barrel during the reporting period.
Azerbaijan sells AZERI LT via the Turkish port of Ceyhan and Georgian ports - Batumi and Supsa.
The oil is supplied to Ceyhan via the BTC pipeline and to Georgia - via the Baku-Supsa pipeline and railway.
The average price for Urals (Ex-Novo) exported from Azerbaijan via the Novorossiysk port was $40.6 per barrel on Apr. 18-22 or $0.7 per barrel more than the previous week.
The maximum price for Urals totaled $41.94 per barrel and the minimum - $39.07 per barrel on Apr. 18-22.
Azerbaijan sells oil supplied via the Baku-Novorossiysk pipeline through this Russian port.
The average price for Brent Dated was $42.78 per barrel on Apr. 18-22 or $0.5 per barrel more than the previous week.
The maximum price for Brent was $43.82 per barrel and the minimum - $41.61 during the reporting period.
The official exchange rate of Azerbaijani manats to the US dollar set by Azerbaijani Central Bank (CBA) increased by 0.0093 manats (0.6 percent). Accordingly, the average rate was set at 1.51328 manats to 1 US dollar.
During the week, the official exchange rate of manats to euro set by the CBA increased by 0.0091 manats (0.05 percent). Accordingly, the average rate was set at 1.71196 manats to 1 euro.
Last week, the price of one ounce of gold increased by 21.9769 manats (1.2 percent).
Accordingly, the average price for gold reached 1881.90392 manats.
The trading at Baku Interbank Currency Exchange (BBVB) has not been carried out since early 2015, so the exchange rate of manats is not formed.