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11 June 2012
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Volume 55, Issue 24 - ENERGY FUNDAMENTALS |
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Saudi Crude Price Adjustments For July Mixed
Saudi Aramco on 5 June announced its July crude pricing formulas to customers, lowering prices for most of the lighter crudes and raising those of the medium and heavy grades. Saudi Aramco bases its pricing formulas mainly on recent spot price movements for competing crudes in the regional markets.
The formulas for July 2012 and the previous 12 months for deliveries to the US, Europe and the Far East – on an FOB Saudi Arabia basis, 50 days after B/L for the US, 40 days after B/L for NW Europe, and B/L date to the Far East – are as follows ($/B):
US (Price Reference ASCI)
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2012
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2011
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Jul
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Jun
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May
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Apr
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Mar
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Feb
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Jan
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Dec
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Nov
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Oct
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Sep
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Aug
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Jul
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Arab Light (32-36°)
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+0.35
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+0.50
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+0.20
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+0.05
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-0.05
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+0.25
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-0.05
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-0.05
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-0.20
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+0.20
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+0.50
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+0.10
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+0.25
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Arab Medium (29-32°)
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-1.80
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-1.85
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-2.20
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+2.10
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-2.15
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-1.90
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-1.90
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-1.90
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-2.15
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-2.15
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-2.00
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-2.00
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-2.15
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Arab Heavy (<29°)
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-3.40
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-3.60
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-4.05
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+3.40
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-3.75
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-3.60
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-3.30
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-3.40
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-3.75
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-4.45
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-4.00
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-3.70
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-3.90
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Arab Extra Light (36-40°)
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+1.45
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+2.25
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+2.20
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+1.85
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+1.85
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+2.20
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+1.55
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+1.85
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+1.80
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+2.75
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+3.00
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+2.25
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+2.90
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North West Europe (Price Reference Brent Weighted Average)
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Jul
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Jun
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May
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Apr
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Mar
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Feb
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Jan
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Dec
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Nov
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Oct
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Sep
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Aug
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Jul
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Arab Light (32-36°)
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-2.65
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-2.60
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-3.85
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-1.25
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-0.85
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-1.75
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-0.35
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-1.25
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-1.40
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-0.70
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-2.05
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-3.10
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-2.45
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Arab Medium (29-32°)
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-4.15
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-4.40
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-5.70
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-2.95
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-2.40
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-3.55
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-2.15
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-3.00
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-3.25
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-2.70
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-4.00
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-5.00
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-4.65
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Arab Heavy (<29°)
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-6.20
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-6.65
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-7.60
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-4.60
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-4.30
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-5.55
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-4.25
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-5.25
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-5.40
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-5.00
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-6.05
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-7.25
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-6.80
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Arab Extra Light (36-40°)
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-1.20
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-1.00
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-1.80
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+0.70
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+1.55
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+0.70
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+1.95
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+1.25
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+1.15
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+2.30
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+0.05
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-1.05
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-0.10
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Mediterranean (Price Reference Brent Weighted Average)
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Jul
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Jun
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May
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Apr
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Mar
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Feb
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Jan
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Dec
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Nov
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Oct
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Sep
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Aug
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Jul
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Arab Light (32-36°)
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-2.25
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-2.10
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-2.85
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-1.10
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-1.10
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-2.20
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-0.40
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-0.85
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-1.10
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-0.70
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-2.85
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-3.10
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-3.20
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Arab Medium (29-32°)
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-3.20
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-3.45
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-4.30
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-2.60
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-2.45
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-3.80
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-2.30
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-2.55
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-2.80
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-2.65
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-4.85
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-5.25
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-6.25
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Arab Heavy (<29°)
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-5.05
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-5.65
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-6.55
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-4.80
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-4.40
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-5.80
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-4.45
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-4.55
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-4.80
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-4.95
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-7.35
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-7.40
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-8.45
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Arab Extra Light (36-40°)
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-0.70
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+0.30
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+0.10
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+1.75
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+1.45
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0.00
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+1.55
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+0.95
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+1.20
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+2.15
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0.00
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-0.95
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-1.05
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Far East (Price Reference Oman/Dubai)
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Jul
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Jun
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May
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Apr
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Mar
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Feb
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Jan
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Dec
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Nov
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Oct
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Sep
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Aug
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Jul
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Arab Light (32-36°)
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+1.35
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+1.15
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+2.45
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+2.80
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+1.55
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+2.05
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+4.15
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+2.50
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+2.70
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+1.65
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+0.75
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+1.35
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+1.45
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Arab Medium (29-32°)
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+0.05
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-0.35
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+0.80
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+0.90
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+0.25
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+0.75
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+2.75
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+1.10
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+1.15
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-0.30
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-1.35
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-0.35
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-0.65
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Arab Heavy (<29°)
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-1.05
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-1.80
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-0.85
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-0.75
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-0.85
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-0.45
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+1.35
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-0.25
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-0.45
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-2.15
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-3.30
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-1.90
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-2.65
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Arab Extra Light (36-40°)
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+2.20
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+2.45
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+4.25
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+5.20
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+3.10
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+3.55
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+5.65
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+3.95
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+4.65
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+3.85
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+3.05
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+2.95
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+3.45
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Arab Super Light (>40°)
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+2.20
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+2.50
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+5.15
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+7.60
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+4.20
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+4.10
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+5.90
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+3.95
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+5.65
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+5.35
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+4.65
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+3.85
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+4.85
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© Copyright MEES 2012.
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| © Middle East Economic Survey (MEES) 2013. |
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