Oil market
Average price of AZERI LT CIF, extracted at Azerbaijan’s Azeri-Chirag-Gunashli block of fields, was $62.5 per barrel on Oct. 30- Nov. 3 or $3.11 per barrel more than the previous week.
The highest price of AZERI LT was $63.62 per barrel, while the lowest price was $61.47 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.
Average price of URALS (EX-NOVO), exported from Azerbaijan via the Novorossiysk port, was $58.8 per barrel on Oct. 30-Nov. 3 or $2.56 per barrel more than the previous week.
The highest price for URALS was $59.37 per barrel and the lowest price was $58.27 per barrel on Dec. 19-23.
Average price of Brent Dated was $60.8 per barrel on Oct. 30- Nov. 3 or $0.39 per barrel more than the previous week.
The highest price for Brent was $61.32 per barrel and the lowest price was $60.41 during the reporting period.
Currency market
The official exchange rate of Azerbaijani manat against the US dollar set by the Central Bank of Azerbaijan (CBA) decreased by 0.0001 manats (0.0059 percent) last week. Accordingly, the average rate was set at 1.70026 AZN/USD.
The official exchange rate of manat against euro set by the CBA decreased by 0.0078 manats or 0.3949 percent last week. Accordingly, the average AZN/EUR rate was set at 1.99774 manats.
The official exchange rate of manat to Russian ruble set by the CBA increased by 0.0001 manats (0.3413percent) last week. Accordingly, the average AZN/RUB rate was set at 0.02924 manats.
The official exchange rate of manat to Turkish lira set by the CBA increased by 0.0035 manats or 0.7774 percent last week. Accordingly, the average AZN/TRY rate was set at 0.44842 manats. Last week, the price of one ounce of gold increased by 21.8055 manats or by 1.0127 percent. Accordingly, the average price of one ounce of gold stood at 2164.38012 manats.