Prices

• DOI: http://doi.org/10.1111/oet.9_12655
• Published date: 01 March 2020
• Date: 01 March 2020

OIL AND ENERGY TRENDS, MARCH 2020

36 PRICES

PRICES

OIL AND ENERGY TRENDS, MARCH 2020

Table 14.1 Spot Crude Oil Prices

($/b FOB port of shipment)

Country: UK US US Russia Dubai Oman Russia Egypt Nigeria

Crude: Brent WTI ANS Urals Dubai Oman ESPO Suez Bl Bonny Lt

ºAPI 39 40 32 32 31 34 35 31 33

Monthly Averages:

2019 Jan 58.54 50.79 60.08 58.15 58.22 58.27 60.80 59.82

Feb 63.37 54.46 63.99 63.10 63.34 63.54 65.91 65.16

Mar 65.90 57.84 67.56 65.37 66.73 67.15 69.25 64.22 67.87

Apr 71.27 63.90 71.66 71.42 70.90 72.05 73.74 73.12

May 71.08 60.92 69.67 70.42 68.65 71.27 73.93 70.03 73.54

Jun 64.10 54.68 63.25 62.37 61.68 62.04 65.44 60.78 66.74

Jul 64.18 57.48 65.21 62.54 63.21 64.59 67.49 66.45

Aug 59.52 55.20 61.08 59.21 59.58 61.09 65.08 58.76 61.55

Sep 62.87 57.04 63.34 60.19 61.13 62.83 66.81 65.37

Oct 59.68 53.76 62.13 57.76 59.19 60.91 65.75 57.18 61.12

Nov 62.57 56.92 64.30 62.48 61.81 63.56 68.78 65.38

Dec 67.13 59.72 66.29 62.98 64.73 63.95 71.23 65.49 69.87

2020 Jan 63.99 57.94 65.30 61.94 64.43 65.95 70.69 67.03

Values as of:

2019 04 Oct 59.12 53.12 60.37 56.79 58.80 60.42 64.93 55.87 61.73

11 Oct 59.63 53.24 61.42 57.39 58.43 60.20 64.71 56.86 61.30

18 Oct 59.34 53.49 62.83 57.32 59.43 60.99 66.13 57.17 59.77

25 Oct 60.62 55.17 63.88 59.52 60.08 62.02 67.21 58.82 61.67

01 Nov 60.26 55.36 63.79 59.99 60.51 62.32 68.41 61.61

08 Nov 62.30 56.90 65.07 62.79 61.11 63.12 68.73 64.57

15 Nov 62.49 57.05 63.77 62.96 61.82 63.80 69.09 65.66

22 Nov 63.34 57.14 63.80 63.89 62.17 64.00 68.60 67.02

29 Nov 64.47 58.15 65.06 62.77 63.45 64.54 69.05 68.04

06 Dec 65.06 57.62 64.53 62.56 61.72 63.52 67.24 63.95 67.97

13 Dec 66.68 59.25 65.59 64.40 64.03 65.87 69.42 65.40 69.78

20 Dec 68.17 60.74 66.92 59.60 66.12 58.20 74.01 66.48 70.00

27 Dec 68.61 61.26 68.12 65.37 67.06 68.20 74.26 66.13 71.73

03 Jan 67.39 61.74 68.52 64.49 67.13 68.81 74.12 70.99

10 Jan 67.81 60.84 68.31 65.33 67.85 69.35 75.11 70.88

17 Jan 64.08 58.24 66.00 62.39 64.91 66.40 72.12 66.88

24 Jan 62.35 56.15 63.61 60.42 63.73 65.12 68.83 64.85

31 Jan 58.30 52.73 60.05 57.09 58.52 60.07 63.25 61.57

Crude Oil Price Movement 2019-2020

Brent, WTI & OPEC Basket ($/b)

20.00

30.00

40.00

50.00

60.00

70.00

80.00

90.00

100.00

110.00

120.00

Jan FebMar AprMay Jun Jul Aug Sep OctNov Dec Jan

Brent WTI OPEC Basket