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74
Table Prices OPEC Annual Statistical Bulletin 2004
126
Spot refined products prices in major markets, 1995–2004 ($/b)
US Gulf Singapore Rotterdam
gasoline gasoil fuel oil gasoline gasoil fuel oil gasoline gasoil fuel oil
reg unl 87 0.2% sulphur 3.0% sulphur prem 0.15g/l 0.5% sulphur 380 CST prem 0.15g/l 0.2% sulphur 3.5% sulphur
1995 21.31 19.95 13.77 22.10 21.64 13.99 20.60 20.17 14.14
1996 25.13 24.77 15.58 23.58 27.07 15.53 23.72 25.48 15.52
1997 24.78 22.72 14.42 24.55 24.24 14.73 23.63 23.02 13.92
1998 17.57 16.04 9.69 17.19 15.46 9.86 17.25 15.94 9.71
1999 22.00 19.77 14.28 21.02 19.13 14.76 21.50 19.74 13.73
2000 35.10 34.04 20.77 32.55 32.46 23.04 35.16 33.76 20.47
2001 31.02 29.04 17.18 27.47 27.30 19.42 29.29 28.77 17.08
2002 30.44 27.75 20.69 28.00 28.15 21.83 28.47 27.33 19.76
2003 36.83 34.09 24.02 34.74 33.38 25.07 34.86 33.47 22.38
2004 49.37 45.62 24.75 47.19 47.31 26.58 47.10 46.01 22.94
2002 Jan 22.77 21.45 14.82 21.00 21.66 16.24 20.93 21.55 15.25
Feb 22.86 21.80 15.24 24.16 22.54 17.37 21.17 21.69 15.52
Mar 30.22 25.77 19.20 27.93 25.71 19.73 25.74 25.05 17.86
Apr 33.02 27.16 21.93 30.11 28.64 21.75 29.94 26.53 19.93
May 31.37 27.05 21.95 29.73 28.72 22.99 28.94 26.54 21.02
Jun 31.20 26.26 21.38 28.54 27.82 21.99 29.02 25.97 19.94
Jul 31.93 27.68 21.87 28.19 28.19 22.88 30.77 27.80 21.02
Aug 31.77 28.77 22.78 28.17 28.79 24.10 31.14 28.95 21.68
Sep 33.03 31.98 24.81 30.49 31.43 25.34 32.63 31.54 24.02
Oct 34.82 31.90 23.19 29.62 33.10 23.46 32.16 31.23 22.44
Nov 29.32 29.65 18.76 27.80 29.37 21.83 27.88 28.52 18.40
Dec 33.00 33.53 22.41 30.25 31.88 24.24 31.34 32.63 19.99
2003 Jan 37.08 36.97 29.73 34.34 34.23 26.97 35.31 35.22 25.97
Feb 42.61 44.38 27.76 40.14 39.35 29.33 39.15 41.16 25.93
Mar 40.63 37.13 22.78 37.51 37.87 26.65 36.06 39.61 21.91
Apr 34.24 30.47 19.59 28.74 30.03 23.12 34.38 29.59 18.61
May 33.20 29.65 21.16 28.73 29.12 23.15 32.06 29.00 20.29
Jun 34.96 31.07 22.35 31.59 29.33 24.51 33.15 30.57 21.57
Jul 37.36 32.22 25.64 34.59 29.57 26.18 35.36 31.08 24.15
Aug 41.48 33.57 25.95 37.30 33.27 24.92 38.04 32.47 23.72
Sep 34.16 30.16 22.42 33.11 32.42 23.80 33.70 29.84 21.64
Oct 35.57 33.59 24.48 35.55 33.58 24.38 33.71 33.92 22.63
Nov 34.71 34.10 24.00 35.78 35.08 24.02 33.54 34.21 22.56
Dec 35.97 35.72 22.35 39.52 36.67 23.79 33.84 35.02 19.55
2004 Jan 41.57 39.84 22.64 44.25 41.42 24.98 37.73 36.58 20.75
Feb 43.37 36.88 22.08 39.87 38.81 24.90 38.56 34.16 20.32
Mar 46.03 37.51 23.38 44.10 38.42 24.57 41.68 37.77 21.49
Apr 48.57 37.76 24.78 44.09 42.82 25.54 45.58 38.74 22.77
May 56.45 41.76 27.28 49.71 44.62 27.83 53.11 42.83 25.10
Jun 49.39 40.88 24.99 45.19 42.84 26.87 45.85 41.68 23.39
Jul 52.10 44.97 24.93 46.52 46.25 26.98 52.03 46.19 24.44
Aug 49.64 48.25 25.23 51.50 51.67 28.19 51.06 49.99 24.62
Sep 52.25 52.38 26.07 49.06 54.29 27.18 50.77 53.02 24.12
Oct 56.89 61.54 31.47 54.73 58.40 29.95 55.72 63.06 25.88
Nov 52.29 55.61 21.80 52.45 56.82 27.99 50.62 56.89 21.49
Dec 43.86 50.04 22.32 44.81 51.33 24.00 42.54 51.26 20.93
Notes: US Gulf and Singapore prices apply to cargo; Rotterdam prices to barge size lots. Gasoline specification in Singapore is 97 research octane number
with 0.15 gram lead per litre. Fuel oil viscosity is 380 centistokes with 3.5 per cent sulphur. Gasoline specification for Rotterdam is 97–98 RON with 0.15 gram
per litre lead.