Prices

• DOI: http://doi.org/10.1111/oet.9_12669
• Date: 01 October 2020
• Published date: 01 October 2020

OIL AND ENERGY TRENDS, OCTOBER 2020

38 PRICES

PRICES OIL AND ENERGY TRENDS, OCTOBER 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 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

May 26.87 26.58 26.01 27.59 27.96 30.49 31.23 25.24

Jun 39.91 38.19 41.74 41.48 40.74 40.02 43.23 40.12

Values as of:

2020 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

01 May 16.85 15.76 12.96 17.22 18.10 19.86 20.77 12.27

08 May 22.82 23.45 19.74 23.67 25.75 29.27 28.34 20.19

15 May 27.69 26.44 27.71 28.34 28.47 31.55 29.60 27.00

22 May 33.58 33.17 33.20 34.56 33.13 35.71 38.87 33.34

29 May 33.42 34.09 36.43 34.16 34.35 36.08 38.55 33.41

05 Jun 37.85 37.30 39.69 39.50 39.27 38.73 41.89 38.17

12 Jun 39.40 37.87 41.26 40.78 40.73 39.97 42.99 39.58

19 Jun 40.66 38.41 42.70 42.22 40.81 40.01 43.19 40.84

26 Jun 41.73 39.16 43.29 43.41 42.14 41.35 44.84 41.89

Crude Oil Price Movement 2019-2020

Brent, WTI & OPEC Basket ($/b)