قاطـــرة الطلــب العا٠لــي علــى النفــط - OAPEC

Organization of Arab Petroleum Exporting Countriesmillion BTU in favor of WTI crude and $15.0/million BTU in favor of low sulfur fuel oil.Prices of gas futures recorded on November14, 2011, indicate that those quoted at theLondon›s ICE were higher than those quoted atthe NYMEX for the period from December 2011to September 2012, with maximum differentialof $6.8/ million BTU in January 2012. Thesedevelopments are shown in figure (8).2. Asian LNG MarketsIn September 2011, the price of JapaneseLNG imports decreased by $0.3/million BTUfrom the previous month to $16.3/ million BTU.The price of Korean LNG imports also decreasedby $0.2/million BTU from the previous month to$13.8/million BTU, while the price of ChineseLNG imports increased by $1.1/million BTU to$10.6/million BTU.Table - 4Henry Hub Natural Gas, WTI Crude Average, and Low Sulfur Fuel Oil Spot Prices, 2010-2011($/Million BTU) 1Oct.2010Nov..Dec.Jan.2011Fab. Mar. Apr. May June July Aug. Sept. OctNatural Gas (2) 3.5 3.7 4.2 4.5 4.2 4.0 4.2 4.3 4.6 4.1 4.1 3.9 3.6WTI Crude (3) 14.1 14.5 15.4 15.4 15.4 17.8 18.9 17.4 16.6 16.7 14.9 14.8 14.9Low SulfurFuel Oil (0..3%)12.9 13.7 15.0 15.6 17.5 19.0 19.6 18.0 19.0 19.7 18.1 18.1 18.61. British Thermal Unit.2. Henry Hub spot price.3. WTI – West Texas Intermediate Crude oil price, in dollars per barrel, is converted to dollar per million BTU using a conversion factor of 5.80million BTU/bbl.Source: World Gas Intelligence November 2, 2011.Figure - 8Gas Futures, November 14, 2011($/Million BTU)Dec.2011Jan.2012Feb. March April May June July August Dec.Source: World Gas Intelligence November16, 2011.Volume 37 Issue 1214