|
14 May 2012
|
Volume 55, Issue 20 - ENERGY FUNDAMENTALS |
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Crude Oil Formulas/Posted Prices ($/B)
Iran
(+ / - Adjustment Factor; $/B)
|
|
2012
|
2011
|
|
|
Jun
|
May
|
Apr
|
Mar
|
Feb
|
Jan
|
Dec
|
Nov
|
Oct
|
Sep
|
Aug
|
Jul
|
Jun
|
Asia (Oman/Dubai)
|
|
|
|
|
|
|
|
|
|
|
|
|
Iranian Light (34°)
|
+1.36
|
+2.66
|
+3.01
|
+1.76
|
+2.26
|
+4.36
|
+2.74
|
+2.94
|
+1.89
|
+1.01
|
+1.61
|
+1.71
|
+2.43
|
Iranian Heavy (31°)
|
-0.36
|
+0.79
|
+0.89
|
+0.24
|
+0.74
|
+2.74
|
+1.09
|
+1.14
|
-0.31
|
-1.38
|
-0.38
|
-0.68
|
-0.73
|
Foroozan (31°)
|
-0.18
|
+0.97
|
+1.07
|
+0.42
|
+0.92
|
+2.92
|
+1.24
|
+1.29
|
-0.16
|
-1.24
|
-0.24
|
-0.54
|
-0.64
|
Soroosh (18.6°)*
|
-5.50
|
-5.10
|
-4.94
|
-4.24
|
-4.19
|
-3.89
|
-3.84
|
-4.09
|
-4.29
|
-4.35
|
-3.35
|
-3.80
|
-4.65
|
Norooz (20.6°)*
|
-5.50
|
-5.10
|
-4.94
|
-4.24
|
-4.19
|
-3.89
|
-3.84
|
-4.09
|
-4.29
|
-4.35
|
-3.35
|
-3.80
|
-4.65
|
NWE/S Africa (BWAVE)
|
|
|
|
|
|
|
|
|
|
|
|
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Iranian Light (34°)
|
-2.95
|
-4.20
|
-1.75
|
-1.45
|
-2.35
|
-0.80
|
-1.55
|
-1.70
|
-1.00
|
-2.35
|
-3.30
|
-2.50
|
-4.15
|
Iranian Heavy (31°)
|
-4.65
|
-5.95
|
-3.35
|
-2.80
|
-3.85
|
-2.30
|
-3.00
|
-3.15
|
-2.60
|
-3.80
|
-4.70
|
-3.85
|
-5.50
|
Foroozan (31°)
|
-4.55
|
-5.85
|
-3.25
|
-2.70
|
-3.75
|
-2.20
|
-2.90
|
-3.05
|
-2.50
|
-3.70
|
-4.60
|
-3.75
|
-5.45
|
Mediterranean (BWAVE)
|
|
|
|
|
|
|
|
|
|
|
|
|
Iranian Light (34°)
|
-4.55
|
-5.25
|
-3.20
|
-3.20
|
-4.00
|
-2.00
|
-2.35
|
-2.50
|
-2.10
|
-4.40
|
-4.65
|
-4.70
|
-5.80
|
Iranian Heavy (31°)
|
-5.90
|
-6.70
|
-4.75
|
-4.60
|
-5.45
|
-3.85
|
-4.05
|
-4.20
|
-4.20
|
-6.45
|
-6.70
|
-7.60
|
-9.85
|
Foroozan (31°)
|
-5.80
|
-6.60
|
-4.65
|
-4.50
|
-5.35
|
-3.75
|
-3.95
|
-4.10
|
-4.10
|
-6.35
|
-6.60
|
-7.50
|
-9.80
|
Soroosh (18.6°)*
|
NA
|
-11.20
|
-9.15
|
-8.65
|
-4.00
|
-3.85
|
-7.80
|
-3.85
|
-8.20
|
-4.15
|
-3.35
|
-3.50
|
-4.65
|
Norooz (20.6°)*
|
NA
|
-11.20
|
-9.15
|
-8.65
|
-4.00
|
-3.85
|
-7.80
|
-3.85
|
-8.20
|
-4.15
|
-3.35
|
-3.50
|
-4.65
|
Sidi Kerir (BWAVE)
|
|
|
|
|
|
|
|
|
|
|
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Iranian Light (34°)
|
-1.95
|
-2.70
|
-1.05
|
-1.10
|
-1.90
|
-0.05
|
-0.35
|
-0.50
|
-0.10
|
-2.30
|
-2.60
|
-2.70
|
-3.95
|
Iranian Heavy (31°)
|
-3.30
|
-4.15
|
-2.50
|
-2.50
|
-3.35
|
-1.90
|
-2.05
|
-2.20
|
-2.15
|
-4.35
|
-4.65
|
-5.60
|
-8.00
|
Foroozan (31°)
|
-3.20
|
-4.05
|
-2.40
|
-2.40
|
-3.25
|
-1.80
|
-1.95
|
-2.10
|
-2.05
|
-4.25
|
-4.55
|
-5.50
|
-7.95
|
* Iran’s Soroush and Norouz crudes are discounted against Iranian Heavy crude.
Abu Dhabi
($/B)
|
|
2012
|
2011
|
|
|
Apr
|
Mar
|
Feb
|
Jan
|
Dec
|
Nov
|
Oct
|
Sep
|
Aug
|
Jul
|
Jun
|
May
|
Apr
|
Murban (39°)
|
121.20
|
127.00
|
120.45
|
114.20
|
111.80
|
114.35
|
108.95
|
110.90
|
109.05
|
113.95
|
112.15
|
113.60
|
120.70
|
Lower Zakum (40°)
|
120.80
|
126.60
|
120.05
|
113.85
|
111.45
|
114.00
|
108.65
|
110.60
|
108.75
|
113.65
|
111.95
|
113.60
|
120.70
|
Umm Shaif (37°)
|
120.40
|
126.20
|
119.65
|
113.40
|
111.05
|
113.60
|
108.25
|
110.15
|
108.25
|
113.15
|
111.55
|
113.10
|
120.20
|
Upper Zakum (34°)
|
118.65
|
124.45
|
117.80
|
111.60
|
108.85
|
111.40
|
105.65
|
107.25
|
105.05
|
109.95
|
107.95
|
109.05
|
116.50
|
Qatar
($/B)
|
|
2012
|
2011
|
|
|
Apr
|
Mar
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Feb
|
Jan
|
Dec
|
Nov
|
Oct
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Sep
|
Aug
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Jul
|
Jun
|
May
|
Apr
|
Land (40°)
|
120.10
|
126.00
|
119.55
|
113.30
|
110.75
|
113.35
|
108.00
|
110.00
|
108.15
|
113.05
|
111.20
|
112.65
|
119.80
|
Marine (36°)
|
118.80
|
124.90
|
118.40
|
112.20
|
109.50
|
112.10
|
106.30
|
107.85
|
105.60
|
110.45
|
108.45
|
109.60
|
117.00
|
Yemen
(Dated Brent + / - Adjustment Factor; $/B)
|
|
2012
|
2011
|
|
|
Jul
|
Jun
|
May
|
Apr
|
Mar
|
Feb
|
Jan
|
Dec
|
Nov
|
Oct
|
Sep
|
Aug
|
Jul
|
Marib Light (40°)
|
0.00
|
0.00
|
0.00
|
0.00
|
0.00
|
0.00
|
0.00
|
0.00
|
0.00
|
0.00
|
0.00
|
0.00
|
0.00
|
Masila Blend (30°)
|
+1.12
|
+1.63
|
+2.55
|
+2.55
|
+2.15
|
+2.93
|
+2.57
|
+1.33
|
+0.93
|
-0.93
|
-1.47
|
-1.17
|
-0.87
|
© Copyright MEES 2012.
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| © Middle East Economic Survey (MEES) 2013. |
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