Prices

• Published date: 01 February 2020
• Date: 01 February 2020
• DOI: http://doi.org/10.1111/oet.9_12653

OIL AND ENERGY TRENDS, FEBRUARY 2020

44 PRICES

PRICES

OIL AND ENERGY TRENDS, FEBRUARY 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:

2018 Dec 56.42 49.11 58.38 56.50 56.77 57.50 58.94 54.92 57.93

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 69.87

Values as of:

2019 06 Sep 60.26 55.76 61.40 58.27 57.70 59.43 62.92 62.29

13 Sep 62.68 56.19 62.39 57.13 59.89 61.73 64.58 65.23

20 Sep 65.45 59.31 65.80 64.58 64.45 65.95 70.27 68.16

27 Sep 63.07 56.89 63.78 60.78 62.47 64.20 69.45 65.78

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 67.97

13 Dec 66.68 59.25 65.59 64.40 64.03 65.87 69.42 69.78

20 Dec 68.17 60.74 66.92 59.60 66.12 58.20 74.01 70.00

27 Dec 68.61 61.26 68.12 65.37 67.06 68.20 74.26 71.73

Crude Oil Price Movement 2018-2019

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

DecJan FebMar Apr MayJun JulAug SepOct Nov Dec

Brent WTI OPEC Basket