Home
News Article

May 28 2012

Crude Oil Formulas/Posted Prices

Crude Oil Formulas/Posted Prices ($/B)

Algeria (Dated Brent + / - Adjustment Factor; $/B)

2012

2011

Jun

May

Apr

Mar

Feb

Jan

Dec

Nov

Oct

Sep

Aug

Jul

Jun

Saharan

Blend (44°)

-0.50

0.00

+1.10

+0.80

+0.85

+0.70

+1.75

+3.30

+1.90

+0.70

+0.40

+1.70

Iraq (+/- Adjustment Factor; $/B)

	2012						2011
	Jun	May	Apr	Mar	Feb	Jan	Dec	Nov	Oct	Sep	Aug	Jul	Jun
Basrah Light Crude
US
Basrah Light (ASCI*)	-1.80	-1.90	-2.00	-2.00	-1.70	-1.50	-1.60	-1.60	-1.70	-1.85	-1.75	-2.00	-2.10
Europe
Basrah Light (Dated Brent)	-4.50	-6.10	-4.15	-2.55	-4.35	-2.50	-3.15	-4.10	-3.00	-4.05	-4.55	-5.25	-7.05
Far East
Basrah Light (Oman/Dubai)	-0.25	+1.35	+1.15	+0.65	+1.10	+2.90	+1.80	+1.65	+0.05	-1.00	0.00	0.00	-0.05
Kirkuk Crude ex-Ceyhan
US
Kirkuk (ASCI*)	+0.50	+0.35	+0.05	-0.25	+0.05	+0.15	+0.10	+0.10	+0.10	+0.20	0.00	0.00	+0.25
Europe
Kirkuk (Dated Brent)	-2.30	-3.50	-2.25	-1.25	-2.90	-0.70	-1.35	-1.95	-1.45	-2.75	-2.75	-3.55	-4.75

* Iraq’s State Oil Marketing Organization (SOMO) began as of 1 April 2010 pricing its crude oil destined to the US at differentials to the Argus Sour Crude Index (ASCI). Prior to that, crude exports to the US had been priced at Platts WTI 2^nd month for Basrah Light, and Platts WTI 1^st month for Kirkuk.

Kuwait (+ / - Adjustment Factor; $/B)

2012

2011

Jun

May

Apr

Mar

Feb

Jan

Dec

Nov

Oct

Sep

Aug

Jul

Jun

Kuwait Export Crude

Far East (31º)

Oman/Dubai

-0.60

+0.60

+0.70

+0.05

+0.50

+2.40

+0.85

+0.90

-0.55

-1.55

-0.60

-0.85

-1.00

Europe

KEC (BWAVE) to

Arab Medium

-3.70

-4.70

-4.35

-6.60

KEC (WTI) to

Arab Medium

-2.00

-2.15

-2.25

Libya (Dated Brent + / - Adjustment Factor; $/B)

2012

2011

2010

Jun

May

Apr

Mar

Feb

Jan

Feb

Jan

Dec

Nov

Oct

Sep

Aug

Zueitina (41°)

+1.30

+1.20

+1.00

+0.80

+0.40

+0.25

+0.15

+0.05

Brega (40°)

+0.30

+0.40

+0.30

+0.60

+0.40

+0.25

+0.15

+0.05

Sirtica (41°)

-0.80

-0.70

+0.60

-0.50

-0.20

-0.25

-0.35

-0.60

-0.70

Es Sider (37°)

+0.85

+1.00

+0.70

-0.25

-0.40

-0.15

-0.65

-0.80

Bu Attifel (36°)

+2.20

+2.00

+1.90

+1.50

+1.40

+1.30

+1.20

+1.10

+1.00

Sarir (36°)

0.00

-0.20

-0.40

-0.20

-0.15

-0.20

-0.25

Amna (36°)

+1.00

+0.90

+1.00

+0.25

+0.15

+0.05

0.00

Esharara (43°)

+1.15

+1.30

+1.10

+1.20

+1.30

-1.15

+1.15

+0.95

+1.10

+0.90

+0.80

Mellitah (41.6°)

+0.50

+0.75

+0.90

+1.20

-0.80

+0.80

+0.65

+0.75

+0.95

+0.85

+0.75

Bouri (26°)*

-0.10

-0.20

+0.25

-0.40

-0.30

-0.40

-0.45

-0.65

-0.75

Al Jurf (30°)*

+0.40

+0.30

+0.40

+0.20

+0.40

+0.30

+0.40

+0.20

* Adjustment factor is the Urals Average.

Note : No prices available for Libyan crudes from March-December 2011.

Oman ($/B)

	2012						2011
	Jun	May	Apr	Mar	Feb	Jan	Dec	Nov	Oct	Sep	Aug	Jul	Jun
Oman
Oman (34°)	117.29	122.80	117.32	110.63	107.41	109.33	104.88	106.96	105.10	110.78	107.84	109.20	116.51

OPEC Basket 2012

Spot Quotations for the OPEC Reference Basket ($/B)

		Arab	Basra	Bonny			Iranian	Kuwait
2012	Basket	Light	Light	Light	Es Sider	Girassol	Heavy	Export
Jan	111.76	112.82	110.21	113.08	111.28	113.01	111.77	112.00
Feb	117.48	118.01	116.21	122.36	120.26	120.51	116.51	116.79
Mar	122.97	123.43	121.96	127.98	126.03	126.30	122.46	122.32
Apr	118.18	118.94	116.26	122.36	120.71	121.32	117.78	117.53

YTD Average	117.66	118.35	116.23	121.51	119.63	120.34	117.19	117.22

Year 2011	107.46	107.82	106.17	114.15	111.90	111.57	106.11	105.63
Year 2010	77.45	77.82	76.79	81.07	79.13	79.53	76.74	76.32
Year 2009	61.06	61.38	60.50	63.25	61.45	61.81	60.62	60.68
Year 2008	94.45	95.16	92.08	100.60	96.65	95.64	91.49	91.16
Year 2007	69.08	68.75	66.40	75.14	71.41	70.88	67.06	66.35
Year 2006	61.08	61.10	57.97	66.84	63.35	63.06	59.27	58.88

	Qatar				Saharan			Dated
2012	Marine	Merey	Murban	Oriente	Blend	Dubai	WTI	Brent
Jan	110.65	107.77	113.03	104.11	111.43	109.86	100.30	110.58
Feb	116.99	109.26	119.31	112.44	120.36	116.17	102.35	119.56
Mar	122.80	112.07	125.61	118.26	126.13	122.47	106.31	125.33
Apr	117.39	108.62	120.44	113.86	120.81	117.30	103.35	119.71

YTD Average	117.02	109.47	119.66	112.22	119.75	116.51	103.11	118.86

Year 2011	106.53	97.94	109.77	101.03	112.92	106.21	94.99	111.36
Year 2010	78.18	69.70	79.94	72.82	80.35	78.10	79.42	79.60
Year 2009	62.38	55.90	63.78	55.84	62.35	61.83	61.88	61.68
Year 2008	94.86	86.73	99.03	85.43	98.96	93.85	100.00	97.37
Year 2007	69.30	61.80	72.87	61.55	74.66	68.38	72.29	72.55
Year 2006	62.64	52.01	66.07	53.93	66.05	61.54	66.04	65.16

Source : OPEC Monthly Oil Market Report .

Be the first to comment

Oddly Enough

Zawya Comment Policy

Zawya encourages you to add a comment to this discussion. You agree that when you add content to this discussion your comments will not:
1.1   Contain any material which is libelous or defamatory of any person, is obscene, offensive, hateful or inflammatory or causes damage to the reputation of any person or organisation.
1.2   Promote sexually explicit material, violence, discrimination based on race, sex, religion, nationality, disability, sexual orientation or age or any illegal activity.
1.3   Be made in breach of any legal duty owed to a third party, such as a contractual duty or a duty of confidence.
1.4   Be threatening, abuse or invade another's privacy, or cause annoyance, inconvenience or needless anxiety.
1.5   Be used to impersonate any person, to misrepresent your identity or affiliation with any person, or be likely to deceive any person.
1.6   Give the impression that they represent Zawya.
1.7   Advocate, promote or assist any unlawful act such as (by way of example only) copyright infringement or computer misuse.
The content posted on www.zawya.com is created by members of the public. The views expressed are theirs and unless specifically stated are not those of Zawya. Zawya reserves the right to review all comments prior to posting and edit or delete any contribution, but Zawya is not responsible for and can not be held liable for any content posted by members of the public on www.zawya.com.
Zawya is not responsible for the availability or content of any third party sites that are accessible through www.zawya.com. Any links to third party websites from www.zawya.com do not amount to any endorsement of that site by Zawya and any use of that site by you is at your own risk.
By submitting your comment, you hereby give Zawya the right, but not the obligation, to post, air, edit, exhibit, telecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comments worldwide, in perpetuity.

Panel

Reading List
My Zawya

Our Membership Solutions

Our Customised Solutions

Start your journey on Zawya!

Other Markets

featured providers

monitors

intelligence tools

Crude Oil Formulas/Posted Prices

Post Your Comment

Oddly Enough

Most Popular

Editor's pick

Our Membership Solutions

Our Customised Solutions

Start your journey on Zawya!

Other Markets

featured providers

monitors

intelligence tools

Sign in to your Zawya account

Or Sign In With

Need more help?

Crude Oil Formulas/Posted Prices

Post Your Comment

Oddly Enough

Most Popular

Editor's pick

Send This Article To Your Friends

Zawya Comment Policy