Prices

• Date: 01 December 2016
• DOI: http://doi.org/10.1111/oet.9_12310
• Published date: 01 December 2016

OIL AND ENERGY TRENDS, DECEMBER 2016

40 PRICES

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 394032323134353133

Monthly Averages:

2015 Oct 48.39 46.10 48.27 45.82 45.57 47.50 49.20 44.49 49.08

Nov 44.31 42.67 44.71 41.01 41.84 43.97 46.13 40.03 44.55

Dec 38.69 37.43 38.19 36.13 35.22 36.58 39.85 38.51

2016 Jan 31.82 32.56 31.75 28.94 27.87 29.44 32.53 28.60 32.56

Feb 32.32 30.28 31.69 29.31 28.98 30.97 38.72 29.02 32.69

Mar 38.44 37.53 38.66 35.82 34.89 36.23 40.37 35.09 38.99

Apr 40.96 40.61 41.74 38.18 38.47 39.27 41.22 41.85 41.61

May 46.60 46.62 46.95 43.88 44.03 44.20 46.91 47.45

Jun 48.57 48.88 47.97 46.09 46.37 46.64 48.89 45.14 49.65

Jul 45.48 45.29 45.01 43.15 43.02 43.99 45.11 46.63

Aug 45.65 44.56 44.51 43.30 43.31 43.57 45.70 42.11 47.28

Sep 46.67 45.33 44.83 43.90 43.59 43.86 46.11 42.78 48.49

Oct 49.82 50.04 49.92 47.10 49.06 48.70 51.60 50.52

Values as of:

2016 01 Jul 47.57 48.27 47.26 44.69 45.37 45.95 47.59 48.16

08 Jul 45.95 46.15 45.26 43.77 44.51 45.66 46.34 47.34

15 Jul 45.65 45.59 45.76 43.43 42.59 43.98 44.60 46.98

22 Jul 45.43 44.45 44.84 43.27 42.44 43.43 44.54 46.74

29 Jul 42.78 42.00 41.92 40.58 40.18 40.93 42.46 43.91

05 Aug 40.99 40.83 40.81 38.83 39.68 39.68 41.66 37.69 42.26

12 Aug 43.96 43.10 43.17 41.67 41.60 41.67 43.62 40.31 45.63

19 Aug 48.73 47.17 47.35 46.34 46.00 46.22 48.56 45.09 50.59

26 Aug 48.91 47.15 46.71 46.35 45.96 46.70 48.97 45.35 50.65

02 Sep 46.17 45.13 44.30 43.81 44.31 44.62 46.99 42.25 48.82

09 Sep 47.48 45.96 45.12 44.93 44.36 44.51 46.47 43.46 49.51

16 Sep 46.50 44.34 44.12 43.63 42.88 43.17 45.76 42.52 48.02

23 Sep 46.58 44.46 44.44 43.45 42.92 43.37 45.60 42.65 47.88

30 Sep 46.63 46.74 46.19 43.70 43.47 43.63 45.71 43.03 48.20

07 Oct 49.50 49.52 49.04 46.55 48.69 47.62 50.02 50.75

14 Oct 50.24 50.62 50.47 47.12 49.58 49.27 52.12 50.79

21 Oct 50.40 50.56 50.60 47.85 49.36 49.37 52.24 50.97

28 Oct 49.13 49.45 49.57 46.89 48.60 48.52 52.02 49.56

Crude Oil Price Movement 2015-2016

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

Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct

Brent WTI OPEC Basket