North Slope spot price drastically increasing: (Jan. 25, 2005 to Jan. 25, 2006.

• Author: Spohn, Kari
• Position: Petroleum - Brief article

The North Slope Spot Price drastically increased over the last year. As of Jan. 25, 2006, the North Slope Spot Price was $64.93 per barrel, compared to just $36.72 a year ago in January 2005. This denotes a 53 percent increase.

The increase from December 2005 to January 2006 was minor but significant. In the period of one month, the North Slope oil price increased from $56.03 to $64.93 per barrel. In itself...