2005 - OPEC

Table 8
Average monthly spot prices for selected crudes, 2005
Crude Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec 2005
OPEC Basket 40.24 41.68 49.07 49.63 46.96 52.04 53.13 57.82 57.88 54.63 51.29 52.65 50.64
Arab Light 1 38.26 40.10 46.85 48.68 47.09 52.47 53.46 58.24 57.63 54.65 51.55 52.84 50.21
Basrah Light 38.58 40.01 46.21 45.74 44.57 50.59 52.24 57.10 55.68 51.39 48.07 49.15 48.33
BCF-17 na na 32.86 32.73 32.39 37.48 44.07 46.15 50.79 47.51 41.33 42.34 40.53
Bonny Light 1 44.01 45.43 53.15 53.18 50.23 55.93 58.40 65.49 65.60 60.74 57.18 57.91 55.67
Es Sider 41.75 41.96 49.71 49.67 47.90 53.15 55.71 60.27 60.39 58.25 54.92 57.14 52.62
Iran Heavy 37.51 38.49 46.50 46.06 43.25 49.60 51.07 55.69 55.10 51.73 49.28 50.88 47.99
Kuwait Export 38.55 40.09 46.42 47.89 46.36 51.15 51.31 55.18 54.60 51.76 49.19 50.83 48.66
Marine 38.44 40.12 46.53 48.23 46.66 52.27 53.57 57.49 58.37 55.80 53.17 54.72 50.49
Minas 1 42.55 44.56 54.30 55.96 50.34 55.01 56.17 61.07 60.27 58.64 53.87 54.43 54.01
Murban 42.08 43.53 49.90 52.35 51.03 55.16 57.05 61.78 62.68 59.30 56.13 57.47 54.09
Saharan Blend 1 44.39 45.44 52.59 51.98 48.69 54.41 57.30 63.67 63.30 59.48 56.15 57.65 54.64
Other OPEC crudes
Arab Heavy 33.41 35.62 41.81 43.33 42.21 48.34 48.83 52.02 51.57 49.03 47.40 49.16 45.28
Dubai 1 37.78 39.35 45.60 47.24 45.68 51.37 52.78 56.55 56.41 54.20 51.63 53.22 49.36
Dukhan 41.51 42.93 49.10 51.77 49.81 54.27 56.26 60.73 61.91 59.05 56.01 57.27 53.46
Forcados 43.82 45.27 53.00 53.05 50.06 55.84 58.29 65.38 65.60 60.69 57.29 58.04 55.60
Iran Light 39.87 40.56 48.50 48.42 45.53 52.37 53.86 60.41 58.74 54.38 51.31 53.20 50.66
Tia Juana L31 1 35.75 36.77 43.50 43.27 41.67 48.19 49.10 54.22 53.87 51.48 48.77 49.23 46.37
Zueitina 42.96 44.12 51.16 50.72 48.41 53.48 56.22 63.11 61.80 57.80 55.11 56.22 53.52
Other non-OPEC crudes
Brent Dtd. 44.01 44.87 52.60 51.87 48.90 54.73 57.47 64.06 62.75 58.75 55.41 57.02 54.44
Isthmus 1 38.89 40.08 47.52 47.13 45.05 51.48 53.85 59.66 59.92 55.64 51.57 52.77 50.34
Mandji 41.58 42.44 50.17 49.44 46.47 52.30 55.04 61.63 60.32 56.32 52.98 54.59 52.01
North Slope 40.52 42.91 50.16 49.95 47.16 53.91 56.54 62.40 63.21 60.74 56.36 57.11 53.47
Oman Blend 39.04 40.54 46.95 48.22 46.70 52.20 53.42 57.46 58.24 55.52 52.78 54.21 50.48
Oriente 30.86 34.60 42.25 41.61 38.77 45.64 49.14 54.55 53.02 46.37 41.49 42.08 43.43
Suez Mix 36.37 36.98 44.58 44.81 43.11 48.88 51.64 56.01 55.91 52.83 49.29 51.59 47.71
Urals 40.10 40.33 47.92 47.89 46.27 51.87 54.95 58.64 58.23 55.80 52.38 54.63 50.79
WTI 46.64 47.69 54.09 53.09 50.25 56.60 58.66 64.96 65.28 62.67 58.42 59.36 56.51
Bonny L–Arab H 10.60 9.81 11.34 9.85 8.02 7.59 9.57 13.48 14.03 11.71 9.78 8.74 10.40
Bonny L–Saharan B –0.38 –0.01 0.56 1.21 1.54 1.52 1.10 1.83 2.30 1.26 1.02 0.25 1.03
Brent–WTI –2.63 –2.82 –1.50 –1.22 –1.35 –1.87 –1.19 –0.90 –2.54 –3.93 –3.01 –2.34 –2.08
Brent–Dubai 6.23 5.52 6.99 4.63 3.22 3.37 4.68 7.51 6.34 4.55 3.78 3.80 5.08
Notes:
As of 16 June 2005, the OPEC Reference Basket has been calculated according to the new formula as agreed by the 136th
(Extraordinary meeting of the Conference. BCF-17 quotations available only as of March 2005.
1 Previous Basket components: Arab Light, Bonny Light, Dubai, Isthmus, Minas, Saharan Blend and Tia Juana Light.
Sources:
Platts; direct communication; Secretariat’s assessments.
$/b
2