Oil market
The average price for AZERI LT CIF, extracted on the block of Azerbaijani fields Azeri-Chirag-Guneshli, was $56.1 per barrel on Dec. 12-16 or $1.17 per barrel more than the previous week.
The maximum price for AZERI LT was $56.83 per barrel and the minimum price was $54.65 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 $51.27 per barrel on Dec. 12-16 or $1.08 per barrel more than the previous week.
The maximum price for Urals totaled $51.83 per barrel and the minimum - $49.92 per barrel on Dec. 12-16.
Azerbaijan sells oil supplied via the Baku-Novorossiysk pipeline through this Russian port.
The average price for Brent Dated was $53.63 per barrel on Dec. 12-16 or $1.2 per barrel more than the previous week.
The maximum price for Brent was $54.28 per barrel and the minimum - $52.19 during the reporting period.
Currency market
The official exchange rate of Azerbaijani manat to the US dollar set by Azerbaijan’s Central Bank (CBA) decreased by 0.0095 manats (0.545 percent) last week. Accordingly, the average rate was set at 1.7476 manats to $1.
The official exchange rate of manat to euro set by the CBA increased by 0.0119 manats (0.6469 percent) last week. Accordingly, the average rate was set at 1.84334 manats to 1 euro.
Last week, the price of one ounce of gold decreased by 53,1749 manats (2.6218 percent). Accordingly, the average price of one ounce of gold stood at 2014.763 manats.