Prices

• Date: 01 August 2020
• DOI: http://doi.org/10.1111/oet.9_12665
• Published date: 01 August 2020

OIL AND ENERGY TRENDS, AUGUST 2020

42 PRICES

PRICES

OIL AND ENERGY TRENDS, AUGUST 2020

Table 14.1 Spot Crude Oil Prices

($/b FOB port of shipment)

MAY

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 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

Feb 55.44 50.66 54.76 54.19 54.22 54.83 57.84 55.66 58.48

Mar 33.24 30.82 35.50 30.31 34.74 35.18 36.96 34.00

Apr 19.19 17.66 22.77 15.55 21.33 23.34 25.35 14.75 15.15

Values as of:

2020 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

07 Feb 53.99 50.35 56.01 53.31 54.46 55.28 59.72 52.62 57.89

14 Feb 55.13 50.83 54.42 54.15 54.07 54.35 59.17 53.31 58.03

21 Feb 58.68 53.11 56.95 57.61 56.15 57.00 58.47 57.22 61.27

28 Feb 53.97 48.35 51.65 51.69 52.20 52.70 54.00 59.47 56.74

06 Mar 50.50 45.58 48.96 48.87 50.50 50.97 52.96 53.15

13 Mar 33.71 32.34 35.99 30.67 33.63 33.98 35.37 35.80

20 Mar 25.65 24.73 28.28 21.75 29.03 29.15 31.76 25.97

27 Mar 23.10 20.64 28.78 19.94 25.80 26.60 27.75 21.07

03 Apr 18.68 22.91 26.97 14.32 22.76 23.81 26.79 14.46 15.02

10 Apr 22.87 24.39 28.61 18.64 24.16 26.71 31.61 17.38 18.98

17 Apr 19.43 20.11 21.67 15.74 20.78 23.13 25.85 14.28 16.01

24 Apr 15.77 3.23 13.83 13.50 17.60 19.72 17.13 12.88 10.58

Crude Oil Price Movement 2019-2020

Brent, WTI & OPEC Basket ($/b)