06:13 29Oct09 -PLATTS: Platts Crude Oil Marketwire - 28OCT09 (resend)
PLATTS CRUDE OIL MARKETWIRE
NEW YORK, 28OCT09, VOL: 30, NO: 212 COPYRIGHT (C) 2009 THE
MCGRAW-HILL COMPANIES ALL RIGHTS RESERVED. THE MCGRAW-HILL
COMPANIES MAKES NO
WARRANTIES AS TO THE ACCURACY OF INFORMATION, OR RESULTS TO BE
OBTAINED FROM
USE. NO PORTION OF THIS PUBLICATION MAY BE PHOTOCOPIED, REPRODUCED,
RETRANSMITTED, PUT INTO A COMPUTER SYSTEM OR OTHERWISE REDISTRIBUTED
WITHOUT
PRIOR WRITTEN AUTHORIZATION FROM PLATTS. PLATTS IS A TRADEMARK OF THE
MCGRAW-HILL COMPANIES INC.
EDITORIAL: Houston/Esa Ramasamy +1 713 658 3292; New York/Sheela Tobben + 1 212 904
4919;
London/Joel Hanley +44 20 7176 6142, Walid Kurdi +44 20 7176 6683, Elzbieta Rabalska
+44 20 7176 6114, George Johnson + 44 20 7176 6059; Singapore/Daniel Booth +65 6530 6575,
May Tham +65 6530 6550; Houston/Richard Capuchino +1 713 658 3207,
Matt Cook + 1 713 658 3236.
CLIENT SERVICES INFORMATION: North America: 800-PLATTS8 (800-752-8878); direct:
+1 212-904-3070 Europe & Middle East: +44-20-7176-6111 Asian Pacific:
+65-6530-6430
ASSESSMENT SPECIFICATIONS are available at www.platts.com
SPOT CRUDE ASSESSMENTS effective October 28, 2009
NORTH SEA, WEST AFRICAN, MEDITERRANEAN spot assessments:
BRENT(NOV) 75.47-75.51 DUBAI(DEC) 76.86-76.88
BRENT(DEC) 76.18-76.20 DUBAI(JAN) 76.83-76.85
BRENT(JAN) 76.76-76.80 DUBAI(FEB) 76.99-77.01
BRENT/WTI 1st NA/NA OMAN(DEC) 77.07-77.09
BRENT/WTI 2nd -1.66/-1.64 OMAN(JAN) 77.32-77.34
BRENT/WTI 3rd -1.68/-1.66 OMAN(FEB) 77.47-77.49
BRENT/DUBAI 0.45-0.47
MEC (DEC) 76.86-76.88
MEC (JAN) 76.83-76.85
MEC (FEB) 76.99-77.01
Brent and Brent/WTI are assessed at the London market close. Dubai and Oman,
as well as the Asia Brent/Dubai spread, are assessed at the Singapore market
close.
BRENT(DTD)
75.08-75.09 CAN DTD STRIP
75.82-75.83
DTD NSL
75.08-75.09 OMAN (DEC) MOG 3.59/3.63
NS BASKET
75.74-75.77 OMAN (JAN) MOG 0.11/0.15
NS DTD STRIP
75.36-75.37 OMAN (FEB) MOG 0.13/0.17
MED DTD STRIP
75.45-75.46 MOG SWP DIFF (OCT) 0.19/0.23
BTC DTD STRIP
75.50-75.52 MOG SWP DIFF (NOV) 0.47/0.51
WAF DTD STRIP
75.71-75.73 MOG SWP DIFF (DEC) 0.46/0.50
ANGOLA DTD STRIP 75.65-75.66 MOG SWP DIFF (JAN) 0.49/0.53
DUBAI SWP(NOV) 76.82-76.86
DUBAI SWP(DEC) 76.98-77.02
MOG SWP(NOV)77.31-77.35
MOG SWP(DEC)77.46-77.50
DUBAI SWP(JAN) 77.27-77.31
BNB
FORTIES
EKOFISK
STATFJORD
OSEBERG
FLOTTA
BONNY LT
QUA IBO
FORCADOS
AGBAMI
ESCRAVOS
BRASS RV
CABINDA
NEMBA
DALIA
GIRASSOL
HUNGO
KISSANJE
WTI (DEC)
WTI (JAN)
WTI (FEB)
LLS (DEC)
LLS (JAN)
Mars(DEC)
Mars(JAN)
MOG SWP(JAN)77.78-77.82
spread vs fwd DTD Brent
75.70-75.73
0.34/0.36
75.07-75.10
-0.29/-0.27
76.05-76.08
0.69/0.71
75.95-75.98
0.59/0.61
76.15-76.18
0.79/0.81
74.40-74.43
-0.96/-0.94
76.96-77.03
1.25/1.30
76.96-77.03
1.25/1.30
76.31-76.38
0.60/0.65
75.81-75.88
0.10/0.15
76.41-76.48
0.70/0.75
76.51-76.58
0.80/0.85
75.05-75.11
-0.60/-0.55
75.25-75.31
-0.40/-0.35
74.10-74.16
-1.55/-1.50
75.25-75.31
-0.40/-0.35
74.20-74.26
-1.45/-1.40
75.25-75.31
-0.40/-0.35
77.83-77.85
78.44-78.46
79.04-79.06
78.87-78.91
79.48-79.52
74.77-74.81
75.63-75.67
-0.01/0.01
-0.01/0.01
-0.01/0.01
1.04/1.06
1.04/1.06
-3.06/-3.04
-2.81/-2.79
spread vs fwd DTD Brent
URALS(RDAM)
75.03-75.08 -0.42/-0.38
URALS(MED)
75.00-75.06 -0.45/-0.40
URALS(EX-NOVO)
73.73-73.79 -1.72/-1.67
URALS NOVO 80KT
73.82-73.88 -1.63/-1.58
URALS(EX-BALTIC)
74.23-74.28
-1.22/-1.18
URALS(PRIMORSK)
74.18-74.23
-1.27/-1.23
URALS (RCMB)
74.63-74.69
SIB LT CIF
75.70-75.76
0.25/0.30
CPC BLEND CIF
75.73-75.78 0.28/0.32
AZERI LT CIF
76.75-76.82
1.25/1.30
CPC BLEND FOB
74.65-74.70 -0.80/-0.76
CPC FOB 80KT
74.79-74.84 -0.66/-0.62
BTC FOB CEYHAN
75.92-75.99
0.42/0.47
SUEZBLEND
72.19-72.25 -3.26/-3.21
ESSIDER
75.82-75.88
0.37/0.42
KIRKUK
75.07-75.13
-0.38/-0.33
ILT(SIDI)
75.13-75.20
-0.32/-0.26
IHVY(SIDI)
74.78-74.85
-0.67/-0.61
SAHARAN BL
75.90-75.96
0.45/0.50
ZARZAITINE
76.05-76.11
0.60/0.65
KUMKOL
75.70-75.76
0.25/0.30
SYRIAN LT FOB
76.40-76.46
0.95/1.00
SYRIAN HVY FOB
72.60-72.66
-2.85/-2.80
AZERI LT FOB
75.72-75.79
0.22/0.27
Urals CFD assessments
Urals Med CFD 1st mth (Nov)
Urals Med CFD 2nd mth (Dec)
Dtd Brent swap
-74.41-74.46-0.67/-0.63
-74.41-74.46+-0.67/-0.63+
Russian crude oil (Ruble/bbl)
Urals FOB Novorossiysk
2155.13 - 2156.88
Urals FOB Venspils
2169.74 - 2171.20
Urals FOB Novorossiysk 80kt 2157.76 - 2159.51
Urals CIF Mediterranean
2192.25 - 2194.00
Urals CIF Rotterdam
2193.13 - 2194.59
Ruble/US$ forex rate:29.2300. Platts Russian Ruble-denominated crude oil
assessments are based on market values and a Ruble/US$ forex rate at 4:30 PM
local London time.
spread vs fwd DTD Brent
TERRA NOVA 75.92-76.03 0.10/0.20
WHITE ROSE 75.92-76.03 0.10/0.20
HIBERNIA
76.32-76.43 0.50/ 0.60
The published spreads for several crudes including North Sea, West African,
Mediterranean and Canadian cargo assessments reflect the market value at which
these grades are trading versus dated Brent around loading time. The spreads
and fixed price assessments reflect typical forward loading windows for these
grades: North Sea 10-21 days, West Africa 15-45 days, Mediterranean 10-25 days,
Canada 28-42 days forward. For further explanation see web-link:
www.platts.com > Oil > Specifications > Crude oil specifications.
Brent EFP (NOV) NA/NA
Brent EFP (DEC) -0.11/-0.09
Brent EFP (JAN) -0.27/-0.25
WTI EFP (DEC) -0.01/0.01
WTI EFP (JAN) -0.01/0.01
WTI EFP (FEB) -0.01/0.01
Brent CFD assessments (at 4:30 PM local London time)
Dtd Brent swap
Dtd Brent swap
CFD 1wk Oct 26/30
CFD 2wk Nov 02/06
(DEC) -1.11/-1.09 75.07/75.11 (DEC) -0.94/-0.92 75.24/75.28
CFD 3wk Nov 09/13
CFD 4wk Nov 16/20
(DEC) -0.87/-0.85 75.31/75.35 (DEC) -0.74/-0.72 75.44/75.48
CFD 5wk Nov 23/27
CFD 6wk Nov 30/04
(DEC) -0.59/-0.57 75.59/75.63 (DEC) -0.44/-0.42 75.74/75.78
CFD 7wk Dec 07/11
CFD 8wk Dec 14/18
(DEC) -0.29/-0.27 75.89/75.93 (DEC) -0.14/-0.12 76.04/76.08
US DOMESTIC, DELIVERED US GULF and LATIN AMERICA spot assessments:
WTI (DEC) 77.35-77.37
P-PLUS WTI
2.61/2.63
WTI (JAN) 77.92-77.96
P-5 WTI
74.01
WTI (FEB) 78.54-78.56
WTI-DELTA
-0.77/-0.75
MARS (DEC) 74.25-74.27
Mars/WTI (DEC) -3.11/-3.09
MARS (JAN) 74.91-74.97
Mars/WTI (JAN) -3.01/-2.99
MARS (FEB) 75.73-75.77
Mars/WTI (FEB) -2.81/-2.79
WTI(MID)
WTS
EUGENE
BONITO
SGC
POSEIDON
spread vs 1st line WTI
77.01-77.05 -0.34/-0.32
75.29-75.33 -2.06/-2.04
76.09-76.13 -1.26/-1.24
76.24-76.28 -1.11/-1.09
73.34-73.38 -4.01/-3.99
74.29-74.33 -3.06/-3.04
LLS
78.46-78.50 1.11/1.13
HLS
76.94-76.98 -0.41/-0.39
WYO SWT
70.64-70.68 -6.71/-6.69
Thunder Horse
76.64-76.68 -0.71/-0.69
ACM* (DEC)
73.35-73.37
ACM* (JAN)
74.03-74.05
ACM* (FEB)
74.84-74.86
Americas Dated Brent 74.61-74.63
ICE Brent Dec US Close
75.83
ICE Brent Jan US Close
76.57
*Americas Crude Marker
Platts assessments of crude oil futures values prevailing
exactly at 3:15 pm Eastern Time follow:
NYMEX light sweet crude
Dec 77.36
Jan 77.94
Feb 78.55
NYMEX Crude 3:15 pm ET Minute-Markers
DEC 77.41
JAN NA
spread vs 2nd line WTI spread vs 3rd line WTI
BASRAH LT
75.16-75.22
-2.76/-2.74
CANO LI
78.22-78.36
0.30/0.40
WTS (2nd month) 75.86-75.92
-2.06/-2.04
LLS (2nd month) 79.03-79.09
1.11/1.13
HLS (2nd month) 77.51-77.57
-0.41/-0.39
CALIFORNIA CRUDE ASSESSMENTS
LINE 63/HYNES
74.09-74.13
KERN RIVER
71.15-71.17
THUMS/LONG BEACH 71.35-71.37
P-PLUS LINE 63 -1.50/-1.45
spread vs 1st line WTI
ANS/LONG BEACH
75.99-76.03
-1.39/-1.37
Platts Crude Oil Marketwire continues on page 818
PLATTS CRUDE OIL MARKETWIRE
NEW YORK, 28OCT09, VOL. 30, NO. 212
Continued from page 817
CANADIAN SPOT CRUDE ASSESSMENTS
C$/CM
USD/BBL spread vs Canada basis
Lloyd Blend
439.68-439.82 64.99-65.01 -13.16--13.14
Mixed Sweet
505.64-505.78 74.74-74.76 -3.41--3.39
Light Sour Blend 495.50-495.63 73.24-73.26 -4.91--4.89
Condensates
512.41-512.54 75.74-75.76 -2.41--2.39
Syncrude Sweet Blend 518.50-518.63 76.64-76.66 -1.51--1.49
WCS
441.37-441.51 65.24-65.26 -12.91/-12.89
Cold Lk Bld
430.55-430.68 63.64-63.66 -14.51/-14.49
Canada basis: explanation at http://www.platts.com/oil/guidetospec/index.shtml
Daily Canadian Crude Posting Averages.
C$/CM
USD/BBL
PAR CRUDE
521.00-523.00 77.01-77.31
MIXED LT SR
473.00-475.00 69.91-70.21
BOW RV/HDISTY
LT/SR CROMER
SR - EDMONTON
MIDALE CROMER
471.00-473.00 69.62-69.91
509.50-511.50 75.31-75.61
514.33-516.33 76.02-76.32
499.00-501.00 73.76-74.05
LATIN SPOT CRUDE ASSESSMENTS (USD/Bbl--FOB)
Crude
Marker
Differential
Price
Escalante
WTI (JAN) -5.20 /-5.10
-72.72 -72.86Roncador
WTI (JAN) -4.90 /-4.80
-73.02 -73.16Santa Barbara WTI (JAN) 0.70 /0.80
-78.62 -78.76Loreto
WTI (JAN) -8.00 /-7.90
-69.92 -70.06Oriente
WTI (JAN) -8.25 /-8.15
-69.67 -69.81Napo
WTI (JAN) -10.75 /-10.65
-67.17 -67.31Marlim
WTI (JAN) -7.40 /-7.30
-70.52 -70.66Castilla Blend WTI (JAN) -8.05 /-7.95
-69.87 -70.01Cano Limon
WTI (JAN) 0.30 /0.40
-78.22 -78.36Vasconia
WTI (JAN) -3.80 /-3.70
-74.12 -74.26Mesa 30
WTI (JAN) 0.25 /0.35
-78.17 -78.31PACIFIC RIM SPOT CRUDE ASSESSMENTS ($/barrel)
(Condensate)
Diff to
API Assessment Marker Diffs Dated Brent Assessment
Gravity (Asian MOC)
(Asian MOC) (Asian MOC) (London MOC)
NW Shelf 61.9 73.61-73.65 NWS -1.90/-1.80 * -2.80
72.29
Ras Gas 57.0 75.78-75.82 Dubai -1.25/-1.15
-0.63
74.46
Qatar LSC 56.9 +75.68-75.72+ Dubai -1.35/-1.25
-0.72
74.37
South Pars 57.4 +73.98-74.02+ Dubai -3.05/-2.95
-2.43
72.66
Senipah 54.4 73.92-73.96 ICP 1.30/1.40 ** -2.49
72.60
(Light)
Diff to
API Assessment Marker Diffs
Dated Brent Assessment
Gravity (Asian MOC)
(Asian MOC) (Asian MOC) (London MOC)
Griffin
55.1 78.75-78.79 Tapis -0.65/-0.55
2.35
77.44
Gippsland 48.7 77.75-77.79
1.35
76.44
Cossack
47.7 77.65-77.69 Tapis -1.75/-1.65
1.25
76.34
Tapis
45.2 79.20-79.24 Tapis -0.20/-0.10
2.80
77.89
Belida
45.1 77.35-77.39 ICP
0.35/0.45** 0.95
76.04
Kutubu
44.3 78.65-78.69 Tapis -0.75/-0.65
2.25
77.34
Handil Mix 43.9 76.76-76.80 ICP
0.35/0.45
0.36
75.45
Attaka
42.3 78.29-78.33 ICP
0.45/0.55** 1.89
76.98
Vityaz Blend 41.6 +78.53-78.57+ Dubai 1.50/1.60 * 2.13
77.22
Ardjuna
38.0 76.90-76.94 ICP
0.95/1.05** 0.50
75.59
Sokol
39.7 80.27-80.31 OM/Dub 3.00/3.10 * 3.87
78.96
Kikeh
34.9 79.15-79.19 Tapis -0.25/-0.15 ** 2.75
77.84
Miri Light 32.3 79.25-79.29
2.85
77.94
Labuan
32.0 79.32-79.36
2.92
78.01
*Differential to NWS,**Differential to ICP,,***Differential to Bach Ho formula
(Medium)
Diff to
API Assessment Marker Diffs Dated Brent Assessment
Gravity (Asian MOC)
(Asian MOC) (Asian MOC) (London
MOC)
Nanhai 40.0 77.30-77.34 Tapis -2.10/-2.00
0.90
75.99
Su Tu Den 36.8 +77.00-77.04+ OSP
0.60/0.70 * 0.59
75.68
Minas
35.3 79.85-79.89 ICP
0.65/0.75
3.44
78.53
Nile Blend 33.9 75.68-75.72 ICP -1.85/-1.75
-0.73
74.36
Bach Ho 40.7 77.26-77.30 OSP -0.60/-0.50 *** 0.85
75.94
Widuri 33.2 74.34-74.38 ICP
0.55/0.65
-2.07
73.02
Daqing 32.2 74.49-74.53
-1.91
73.18
Cinta 31.1 74.24-74.28 ICP
0.45/0.55
-2.17
72.92
(Heavy)
Diff to
API Assessment Marker Diffs
Dated Brent Assessment
Gravity (Asian MOC)
(Asian MOC) (Asian MOC) (London MOC)
Dar Blend 25.0 +68.81-68.85+
-7.60
67.49
Shengli 24.2 70.11-70.15
-6.30
68.79
Stybarrow 22.8
+78.23
1.80
76.89
Enfield 22.0
+79.23
2.80
77.89
Duri
20.8 70.01-70.05 ICP 2.65/2.75
-6.40
68.69
Vincent 18.3
+77.63
1.20
76.29
MURBAN
78.34-78.38 -0.15/-0.05
LOWER ZAKUM
78.19-78.23 -0.05/0.05
UPPER ZAKUM
76.85-76.89 -0.05/0.05
UMM SHAIF
77.94-77.98 -0.05/0.05
QATAR LAND
77.23-77.27 -0.35/-0.25
QATAR MARINE
76.97-77.01 -0.35/-0.25
BANOCO ARAB MED 76.67-76.71 -0.15/-0.05
Al Shaheen
76.88-76.92 -0.15/-0.05
PAP. TAPIS(NOV) 78.75-78.79
PAP. TAPIS(DEC) 79.35-79.39
ASIA close Brent and WTI spot price assessments:
BRENT(NOV) 76.61-76.65 WTI(DEC) 79.06-79.10
BRENT(DEC) 77.31-77.35 WTI(JAN) 79.63-79.67
BRENT(JAN) 78.05-78.09 WTI(FEB) 80.21-80.25
$/barrel
Interim
Diff to
Final
Asian Close Dated Brent London Close
Asian Dated Brent (ADB)
76.43
Asian Crude Index (ACX)
77.37
Asian Heavy Sweet (AHS):
78.36 1.93
77.02
Dated Brent:
75.09
ADB reflects the value of Dated Brent at Asian market close (0830 GMT). It
accounts for the rise or fall in value of Dated Brent from its assessment at
the prior trading day's European market close (1630 hours London time), via
assessment of the cash BFOE instrument from Brent futures and EFP values at
Asian market close.
ACX reflects the overall pricing exposure of a typical Asian refiner. The
index composes a weighted average of spot physical cargo assessments for
crude grades Oman, Upper Zakum, Murban, Tapis, Minas, Duri, Bonny Light,
Forcados, Cabinda and Asian Dated Brent(ADB), all assessed daily by Platts at
Asian market close.
AHS composes an arithmetic average of assessments at Asian market close
(0830GMT) of Australian heavy sweet crude grades Enfield, Stybarrow and
Vincent. An interim assessment is determined by applying the differential
of AHS to Asian Dated Brent (ADB) at Asian close. A final flat price
assessment is determined by applying the differential to the mid-point of
Dated Brent low-high assessments later in the same trading day at European
market close (1630 hours London time).
Platts Crude Oil Marketwire continues on page 819
PLATTS CRUDE OIL MARKETWIRE
NEW YORK, 28OCT09, VOL. 30, NO. 212
Continued from page 818
MARKET NOTES:
Subscriber note: Platts plans to cease publication of all Griffin crude oil
price assessments from October 30, 2009. Assessments of Australia's Griffin
crude, published as an outright price and with Tapis-related and Dated
Brent-related differentials, are currently found on real time service Platts
Global Alert (PGA) page 165 and in Platts Crude Oil Marketwire. The product
codes affected are PCAGW00, PCAHE00 and AAPAA00. The Griffin oil fields off
Western Australia ceased production on October 23, 2009. The fields are owned
45% by BHP Billiton, 35% by ExxonMobil and 20% Inpex. For comments or
questions, please contact pricegroup@platts.com and asia_crude@platts.com.
Subscriber note: Platts will not publish any Americas oil, petrochemicals,
gas, power, coal, or emissions assessments on Thursday, November 26 and
Friday, November 27, 2009, due to the US Thanksgiving holiday weekend.
Americas oil and petrochemical assessment processes will close at 1:30 pm
Eastern Time on Wednesday, November 25 ahead of this holiday weekend. Platts
also invites market feedback to determine its holiday schedule for the 2010 US
Thanksgiving holidays and beyond. Please contact Suzanne Evans,
suzanne_evans@platts.com, with a cc to pricegroup@platts.com for questions or
comments.
Subscriber note: Platts to stop assessing Tapis swaps, cracks. Platts plans to
discontinue its Asian price assessments of all Tapis paper swaps, including
swaps for cracks between Tapis crude and naphtha, gasoil and jet fuel basis
FOB Singapore. These assessments appear on Platts Forward Curve-Asia, an
add-on to Platts Global Alert. The last assessments of these derivatives will
be published March 31, 2010. Platts currently publishes a Tapis swaps forward
curve on page 640, naphtha-Tapis crack swaps on 657, jet fuel/kero-Tapis crack
swaps on 658 and gasoil-Tapis crack swaps on 659. These assessments also are
in Platts Dispatch. Platts has observed an almost total collapse in the
liquidity of paper swaps trading of Tapis and derived instruments, in tandem
with a decline in the spot availability of physical Tapis crude cargoes to
near zero. Based on subscriber demand, Platts will continue to publish fixed
price assessments and Dated Brent-related differentials for physical Tapis
crude, as published on PGA page 165, in Platts Crude Oil Marketwire and in
Platts Dispatch. Platts will also continue to publish the monthly Tapis
official selling price (OSP) and Tapis premium, as currently published on PGA
page 334. Methodology for Platts' daily assessment of Tapis crude is available
at
http://platts.com/IM.Platts.Content/MethodologyReferences/MethodologySpecs/crud
eoilspecs.pdf. Please email comments or questions to asia_crude@platts.com and
pricegroup@platts.com.
News
Indonesia offers 3 mil barrels crude stocks Nov-Dec to up revenue
Indonesia is offering a total of 2-3 million barrels of crude oil from its
stockpile for November and December in order to boost its revenue, oil and gas
director general at the energy and mines ministry, Evita Legowo, said
Wednesday. "We will sell a total of around 2-3 million barrels of crude oil by
the end of this year. About 1 million barrels will be sold in November, while
the [balance will be sold] in December," Legowo said. In October, Indonesia
sold 1 million barrels of crude stocks, chairman of upstream regulator BPMigas
R. Priyono said earlier, without giving further details. The Indonesian
government had earlier planned to sell 4-5 million barrels of crude this year,
in a bid to meet the state budget's revenue target for 2009, but its total
sales for the year from its stockpile will now likely be just around 4 million
barrels as it has not been able to meet its daily output target, Legowo said.
The country's crude output has decreased because of natural decline at aging
fields. However, the country met its 2008 target for oil and condensate output
of 977,000 b/d, pumping 988,060 b/d. Meanwhile, Indonesia's crude oil output
increased 1.3% to 830,133 b/d in September from 819,473 b/d in August. The
country pumped 122,075 b/d of condensate in September, up 1.5% from 120,239
b/d in August. Combined crude and condensate increased 1.33% to 952,208 b/d in
September. Indonesia targets producing 960,000 b/d in 2009, and has averaged
950,367 b/d over January-September. The country's oil and condensate output is
expected to increase by 0.52% to 965,000 b/d in 2010.
ConocoPhillips Q3 crude output rises to 829,000 b/d
ConocoPhillips Wednesday reported that its worldwide crude oil production rose
to 829,000 b/d in the third quarter, from 781,000 b/d in the third quarter of
2008. In its latest quarterly earnings report, the US-based major also said
that its average realized prices for oil in the latest quarter dropped sharply
from the year-ago period. In the US, its average realized price was
$66.22/barrel, compared with $118.90/b a year ago. Its realized price for
crude oil it produced outside the US was $65.74/b, compared with $107.99/b.
Tariff on Russian crude for Belarus may be lifted in 2010:diplomat
Russia is likely to continue levying a tariff on Russian crude exported to
Belarus in 2010, but probably only for the first half of the year, a Russian
diplomat said Wednesday. The existing export duty on crude oil supplied to
Belarus "most likely... will be for half of the year," Russia's ambassador to
Belarus, Alexander Surikov, said, as quoted by Russian news agency Prime Tass.
Surikov's comments imply that the duty may be lifted midway through next year.
At present, Russia levies a duty on crude exported to Belarus, although the
duty is less than the duty for crude supplied to other countries, a spokesman
with Belarus' Customs Committee told Platts Wednesday. "The export duty is
calculated at a lower rate than for other countries," the spokesman said,
declining to disclose the rate. Russia's crude export duty is set monthly
according to a formula and derived from an average Urals price. As of November
1, Russia's crude export duty for countries other than Belarus will be fixed
at $231.2/mt ($31.67/barrel). Surikov's comments indirectly confirmed Belarus'
hopes that the introduction of a planned customs union by Russia, Kazakhstan,
and Belarus would do away with the export duty for crude supplied to Belarus
altogether, reported Prime Tass.
---
------Platts Crude Oil Marketwire continues on page 827
PLATTS CRUDE OIL MARKETWIRE
NEW YORK, 28OCT09, VOL. 30, NO. 212
Continued from page 819
Market Notes
The December cash BFOE contract was assessed at $76.19/barrel Wednesday
reflecting the last trade in the Platts Market on Close assessment process.
Sempra and ConocoPhillips offered the contract to $76.10/b and Mercuria lifted
Sempra's offer. ConocoPhillips retreated following the trade to $76.19/b and
traded here with Mercuria. No reoffer was shown. The January cash BFOE
contract was assessed at $76.78/b. Shell offered the contract to this level,
traded with Total, reoffered and traded with Mercuria. Despite a rise in the
underlying crude complex the January cash BFOE value appeared to remain
steady. Hetco remained bid at $76.69/b on the close. In the CFD market, Vitol
offered the November 16-20 week and traded 200 lots with StatoilHydro at
January minus $1.32/b and 100 lots at January minus $1.30/b. The contract went
out January minus $1.34/b at January minus $1.26/b with StatoilHydro bidding
at Phibro. On the November 9-13 week, Vitol sold 200 lots to JP Morgan, 100
lots at January minus $1.40/b and 100 lots at January minus $1.45/b. Vitol
sold a further 100 lots to Koch at January minus $1.45/b. The contract went
out bid at January minus $1.46/b by Total.
Key data for Wednesday's BFOE/Brent assessment were derived as follows:
December cash BFOE/Brent assessed at $76.19/barrel. North Sea CFD average for
10-21 days out: $75.365/barrel. BNB assessment 10-21 days out: NS Dated Strip
plus $0.35 = $75.715/barrel. Forties assessment 10-21 days out: NS Dated Strip
minus $0.28 = $75.085/barrel. Oseberg assessment 10-21 days out: NS Dated
Strip plus $0.80 = $76.165/barrel. Ekofisk assessment 10-21 days out: NS Dated
Strip plus $0.70 = $76.065/barrel.
Liquidity was concentrated in the first half of the day Wednesday but there
was still 3,900 b/d of December delivery crude traded during the Platts Market
on Close assessment process. Sunoco reported selling Midland WTI to
ConocoPhillips at the December cash WTI minus 33 cents/b. The volume was
reported as the standard 1,000 b/d lot. They also reported selling LLS to
ConocoPhillips at December plus $1.12/b for 700 b/d. Sunoco last deal saw them
selling 2,200 b/d of WTI postings plus to Marathon at $2.62/b. ----- --North Sea
NORTH SEA: Sentiment across the market was bearish Wednesday with demand for
Forties viewed as sluggish with supply ample. "Forties is not very strong
because there are still some cargoes around," one trading source said. The
spike in the gasoline and naphtha crack spreads was thought to have little
immediate impact on the market with refiners preferring to have a sustained
period of improved refining margins before raising throughput and crude oil
demand. Economics supporting a build of floating storage and arbitrage to the
US were also absent, sources said. The support recently seen in the November
2-6 versus November 9-13 roll fell back with the roll valued at minus
$0.07/barrel, $0.05/b lower on the day. Trading sources had expressed some
surprise at the support seen on the prompt CFDs through the day. "I don't get
the strength in the November 2-6 [CFD week]," one trading source said earlier
in the day. "I don't see much oil placed so there should be decent
availability. I am a bit perplexed." Physical activity in the Forties market
meanwhile was relatively subdued as Vitol withdrew selling interest in the MOC
process leaving Nexen offering the November 15-17 Forties stem at Dated Brent
minus $0.05/b. Other North Sea grades meanwhile appeared to have cleared
steadily. Some offers were shown at levels above trades last heard in what
seemed a response to higher refining margins, but no further trades were
heard. An Ekofisk offer was heard to have been shown at Dated Brent plus
$0.85/b and a cross month Oseberg was offered at Dated Brent plus $0.95/b. A
November 29 Statfjord stem was offered by StatoilHydro at Dated Brent plus
$0.65/b.
Mediterranean
MEDITERRANEAN LIGHT: Saharan premiums were supported by the recent improvement
in the gasoline and naphtha cracks, refining sources said Wednesday. Premiums
were reported to be around Dated Brent plus $0.50/barrel with good demand seen
from US and Asian buyers, trading sources said. Most of the November barrels
were placed and Sonatrach started selling December cargoes, sources said.
India's Bharat Petroleum Corp bought three million barrels of Saharan crude
for December loading in a tender that closed Tuesday October 27, trading
sources said. The price was kept P&C. This was BPCL's second tender for
December-loading crudes. In it first tender it also bought a Suezmax cargo of
Saharan Blend [Algeria] and a cargo of Espoir Norrein [Ivory Coast]. However,
this tender result was not confirmed. Cepsa placed its Saharan Suezmax loading
November 16, market sources said. The details of the buyer and the price were
kept P&C. CPC premiums were seen supported with rising interest from refiners
and few Aframax stems left as oil products cracks generally improved,
refining sources said. In the Platts Market on Close assessment process,
Gunvor offered and withdrew an offer for CPC Blend at Dated Brent plus $0.45/b
scheduled loading November 15-19, 85,000 mt ex-Novorossiisk CPC terminal.
However, Azeri remained under pressure with second and third-decade barrels
available from a number of major sellers, according to market sources. Socar
is expected to release a tender for Azeri loading early December. No more
tenders for November barrels were expected, one market source said.
Platts Crude Oil Marketwire continues on page 828
PLATTS CRUDE OIL MARKETWIRE
NEW YORK, 28OCT09, VOL. 30, NO. 212
Continued from page 827
MEDITERRANEAN SOUR: Urals differentials rose again Wednesday with the
substantial shortage of supply in Northwest Europe having an impact on the
market. Rumors of a VLCC loading for a Chinese refiner added to bullish
sentiments in the region. "With thinner export programs and rumors of a
potential VLCC loaded in the North, sellers are holding back again," one
European refiner said. In the Platts Market on Close assessment process,
Glencore bid for a Urals cargo in NWE at Dated Brent minus $0.45/barrel
scheduled loading November 12-16 ex-Primorsk or Gdansk. In the Med, Shell
offered a Urals cargo down to Dated Brent minus $0.35/b scheduled loading
November 14-18, ex-Novorossiisk or Yuzhny, 80,000 mt. The relative improvement
in refining margins helped support Urals. "Not much alternatives for medium
grades," a refiner said. There were reports of limited Iranian and Iraqi crude
barrels available. The strength in the Urals market and weakness in grades
like Azeri and Siberian Light raised the prospects of an increase in the
intake of sweet barrels by refiners. "Sweet margins are improving, Saharan
yield is better and Azeri is really good," a European refiner said. Sytrol
rolled over its October official selling price of Syrian Heavy crude to
November, a source at Sytrol said. The OSP for next month was set at Dated
Brent minus $3.40/b, said the source, the same level that Sytrol proposed last
week. Societe Du Pipeline Sud Europeen (SPSE) aims to restart the crude flows
through the 40-inch pipeline linking France to mainland Europe by the end of
December, a source at SPSE said. "The 40-inch pipeline is expected to restart
end of December if the planned inspection plan and resistance tests are
successful," a SPSE operations manager said in a statement. --West Africa
WEST AFRICA: Around half of the December Angolan program had cleared by
Wednesday, while trading in the December Nigerian programs was steady, trading
sources said. Some December cargoes were tied-up in the CPC tender which was
reducing the number of cargoes on offer to the market, trading sources said.
In Angola all eight cargoes set to load December had been sold, sources said.
What was the ninth end-December Dalia cargo had slipped into January, sources
added. Total reportedly sold the December 24-25 Dalia cargo to Shell. Total
declined to comment on the reported trade, Shell was unavailable for comment.
Sonangol sold Unipec the December 16-17 Cabinda cargo and the December 12-13
Hungo cargo, sources said. Value for both grades has fallen as demand for
Angolan cargoes from refiners remains lackluster, sources said. Moreover, the
first-port VLCC restriction on Cabinda and Nemba in December continued to
weigh on value for the grades, a trader said. In Nigeria there were a few
reported trades. ExxonMobil reportedly sold the December 15-16 Qua Iboe cargo
to Glencore with the cargo then being sold to Eni. The cargo was reportedly
last offered by ExxonMobil at Dated Brent plus $1.50/barrel, although this
offer and the were not confirmed. Total sold the December 6-7 Amenam cargo to
ConocoPhillips, sources said, however this trade was not confirmed.
StatoilHydro reportedly sold the December 10-11 Agbami cargo to Petrobras,
StatoilHydro declined to comment on the reported trade. Unipec were offering
the December 5-6 Brass River cargo around Dated Brent plus $1.40/b, sources
said.
PG/Asia Pacific Rim
Middle East crudes continued to trade at a narrow spread to Brent, as Dubai
and Oman hung on to their relative strength despite the fuel oil crack against
Dubai weakening in recent days. The cash Brent/Dubai spread, which measures
the Brent premium over Dubai, was at plus 46 cents/b Tuesday, compared with
plus 69 cents/b at the start of the month. More significantly, the intermonth
contango in Dubai has narrowed through October, signaling spot cargoes for
Middle East sour crudes continued to be snapped up by refiners. But the high
flat prices for sour crudes have eaten into refining margins, and this could
prompt more refiners in Asia to reduce refinery runs. In Japan, Idemitsu Kosan
plans to process 2.10 million kiloliters of crude (13.21 million barrels or
440,300 b/d) in November, down 5% from the same month last year on sluggish
demand for gasoil. Similarly, Nippon Oil has also planned to reduce its crude
runs to 4.82 million kiloliters (30.32 million barrels or 977,962 b/d) in
November, down 1% from a year ago in the face of sluggish demand for oil
products.
Steady to firmer differentials seen for Vietnam's Su Tu Den and Rang Dong
underpinned regional medium sweet grades Wednesday, though news that Indonesia
would continue to offer crude from the country's stockpile dampened the
market, particularly for heavy sweet grades. Traders said PV Oil sold one
cargo each of Su Tu Den loading in December to Shell and Vitol at Platts/APPI
Minas plus $3-3.26/b, marginally higher than premiums of $2.80-3.20/b in
November. PV Oil also sold two cargoes of December Rang Dong to ExxonMobil at
Platts/APPI Minas plus $3.40-3.71/b, traders said. Meanwhile, Indonesia would
release another 2-3 million barrels of crude from the country's stockpile over
November and December, a senior official from the energy and mines ministry
said Wednesday. In October, Indonesia sold 1 million barrels. While the
official did not elaborate what grade Indonesia would sell, Pertamina has sold
around 600,000 barrels of heavy sweet Duri loading end October in a physical
swap trade with Chevron.
Platts Crude Oil Marketwire continues on page 850
PLATTS CRUDE OIL MARKETWIRE
NEW YORK, 28OCT09, VOL. 30, NO. 212
Continued from page 828
Americas
US GULF COAST
Light Louisiana Sweet crude cash differentials finished the day unchanged at
the December cash WTI plus $1.12/b. The Heavy Louisiana Sweet crude came off
another 30 cents/b with deals done at the December cash WTI minus 40 cents/b.
Thunder Horse was done at December minus 70 cents/b, a 10 cent/b slide. The
Midland WTI was done at minus 33 cents/b. Bonito was pegged at minus $1.1/b
and Eugene Island was pegged at minus $1.25/b.
Mars crude was slightly weaker Wednesday, coming off 10 cents/b. The market
finished at the December cash WTI minus $3.1/b. The Poseidon was pegged 5
cents/b stronger than Mars. Southern Green Canyon was seen trading at minus
$4/b, a 40 cent/b decline. The West Texas Sour crude was pegged at minus
$2.05/b, a 30 cent/b negative shift.
CANADA
Terra Nova was offered stronger Wednesday on the back of healthy demand for
residual fuel oil, market sources said. Terra Nova was offered at Dated Brent
plus 30 cents/b, up from prices talked earlier in the week at Dated Brent
minus 10 cents/b. "Resid fuel values are very strong," one source said. "The
big knock on Terra Nova is the resid content." Market sources said there were
no Hibernia cargos currently being shown, though notionally Hibernia was
talked at Dated Brent plus 70 by 80 cents/b.
Canadian pipeline crude differentials were stable Wednesday as trade remained
thin. Market sources said Syncrude was talked at the front-month NYMEX
calendar month average minus $1.75/b by minus $1.25/b, a slightly tighter
range than Tuesday's minus $1.95/b by minus $1.05/b. Western Canadian Select
was talked at minus $13.25/b by minus $12.60/b, also nearly unchanged from
Tuesday's levels. Nexen and OPTI, owners of the Long Lake oil sands joint
venture, said bitumen production at the site has ramped up to 10,000-12,000
b/d following planned maintenance in the third quarter. The upgrader is
expected to come back online soon, the companies said. The facility is
expected to hit design rates of 60,000 b/d synthetic crude production in 2011,
the companies said in earnings Wednesday.
Platts Crude Oil Marketwire continues on page 852
PLATTS CRUDE OIL MARKETWIRE
NEW YORK, 28OCT09, VOL. 30, NO. 212
Continued from page 850
US WEST COAST
ConocoPhillips sold Wednesday 300,000 barrels of Alaska North Slope crude at
an average of the front-month NYMEX crude settlement price minus $2.00/barrel,
according to a transaction report provided by the seller. ConocoPhillips does
not disclose the buyer of its cargoes. ConocoPhillips sold 300,000 barrels of
ANS on October 14 at an average of the month's front-month NYMEX crude
settlement price minus $2.00/barrel. Valero was said to be the buyer of that
volume. On October 13, Chevron was heard to have purchased a total of 900,000
barrels of ANS from ConocoPhillips at that same price. Refinery runs on the US
West Coast have caused sellers to reduce the price of ANS to reluctant buyers.
Differentials for ANS alternatives from South America to the US West Coast
have also weakened in recent weeks.
LATIN AMERICA
A Panamax-sized cargo of Ecuadorean Napo was sold Wednesday to a US Gulf Coast
refiner for delivery in the first week of December at the equivalent of
January cash WTI minus $8.50/b, said market sources. Freight from Esmeraldas
to the Houston-area was called at about $3.00/b for a free on board equivalent
of January cans WTI minus $11.50/b, said market sources. Platts did not fully
reflect the trade as confirmation with Shell was not possible. Trader Castor
Petroleum sold to Shell for delivery to the 340,000 b/d Deer Park, Texas
refinery, which is a joint venture between Shell and Mexico's state oil
company Pemex. Napo has a gravity of 19 API and 2% sulfur content. Shell Deer
Park consumes volumes of contractual Maya, with a gravity of 22 API and 3.3%
sulfur content. The price for Maya on Wednesday for loading in October was
$7.63/b below front month WTI. The contango spread between December and
January cash WTI on Wednesday was 58 cents/b. At last report there were still
two Panamax-sized cargoes of Napo for loading in late November that remained
unsold. Refining rate cuts have diminished the demand for heavy, sour grades
of crude in both the US on all coasts, report market sources. There was also
talk that another Napo cargo was being offered at January cash WTI minus
$7.00/b on a delivered basis for delivery in the first half of December, but
no trade was heard done at those levels. There was no confirmation Wednesday
on talk earlier in the week that refiners were looking to resell volumes of
Colombian Castilla Blend, 19 API and 2% sulfur, due to the cutbacks in
refining rates. Although no trade for Castilla Blend was confirmed, market
sources called it between cash WTI minus $7.50/b and minus $8.50/b on an FOB
basis.
Reported Spot market transactions
European window deals:
BFO window 28/10 November 9 13 Brent CFD done Jan -1.45 100,000 Vitol JP
Morgan 28/10 November 9 13 Brent CFD done Jan -1.45 100,000 Vitol Koch 28/10
November 9 13 Brent CFD done Jan -1.40 100,000 Vitol JP Morgan 28/10 November
16 20 Brent CFD done Jan -1.32 200,000 Vitol StatoilHydro 28/10 November 16 20
Brent CFD done Jan -1.30 100,000 Vitol StatoilHydro 28/10 December Cash BFOE
done 76.10 100,000 Sempra Mercuria 28/10 December Cash BFOE done 76.19 100,000
ConocoPhillips Mercuria 28/10 January Cash BFOE done 76.78 100,000 Shell Total
28/10 January Cash BFOE done 76.78 100,000 Shell Mercuria
North Sea, Mediterranean and West African deals:
NSMedWaf 28/10 December 1 31 Saharan Blend heard P&C 3,000,000 Sonatrach BPCL
* 28/10 November 2 6 Brent CFD reported Dec -0.73 100,000 Glencore Unipec
28/10 November 9 13 Brent CFD reported Jan -1.40 100,000 Phibro JP Morgan
28/10 November 9 13 Brent CFD reported Jan -1.44 100,000 Chevron StatoilHydro
28/10 November 2 6 9-13 Brent CFD reported -0.07 200,000 Phibro Chevron 28/10
November 9 13 16-20 Brent CFD reported -0.15 600,000 Phibro Chevron 28/10
November 9 13 16-20 Brent CFD reported -0.15 200,000 Shell OMV
Asia/pacific deals:
Asia 28/10 Su Tu Den: FPSO Cuu Long: December: 300-450kb: PV Oil heard sold
one cargo each to Shell and Vitol at Platts/APPI Minas plus $3-3.26/b 28/10
Rang Dong: FSO Rang Dong: December: around 400kb: PV Oil heard sold two
cargoes to ExxonMobil at Platts/APPI Minas plus $3.40-3.71/b
Platts Crude Oil Marketwire continues on page 853
PLATTS CRUDE OIL MARKETWIRE
NEW YORK, 28OCT09, VOL. 30, NO. 212
Continued from page 852
US domestic window deals:
10/28 December WTI P-Plus reported 2.62 68,200 Sunoco - Marathon ; 10/28
December LLS reported Dec 1.12 21,700 Sunoco - ConocoPhillips ; 10/28 December
Midland WTI reported Dec -0.33 31,000 Sunoco - ConocoPhillips ;
----CRUDE FUTURES settlements:
NYMEX: DEC 77.46 -2.09; JAN 78.06 -2.09; FEB 78.65 -2.10; MAR 79.14 -2.12;
Total volume, 506420;
DME Oman Asia: DEC 77.12 -0.01
Total volume, 1044;
DME Oman: DEC 76.00 -1.94; JAN 76.06 -2.03; FEB 76.21 -2.12; MAR 76.53
-2.12;
Total volume, 5787;
ICE/IPE WTI: DEC 77.46 -2.09 ; JAN 78.06 -2.09 ; FEB 78.65 -2.10 ; MAR
79.14 -2.12 ;
Total volume, 150262;
ICE/IPE BRENT: DEC 75.86 -2.06; JAN 76.60 -2.06; FEB 77.32 -2.07; MAR 77.96
-2.08;
Total volume: 270756;
ICE/IPE Mideast Crude:DEC 75.29 -2.06; JAN 75.59 -2.06; FEB 75.87 -2.06;MAR
76.23 -2.06;
Totoal volume 0
ICE/IPE BWAVE: DEC 77.51;
ICE/IPE BWAVE: JAN 78.30;
PRODUCTS FUTURES settlements:
NYMEX RBOB UNLEADED GASOLINE: NOV 198.64 -8.41; DEC 198.18 -8.54; JAN 199.64
-8.06;
FEB 201.42 -7.61;
Total volume: 8172;
NYMEX NO. 2 NOV 199.69 -5.82; DEC 202.12 -5.80; JAN 205.22 -5.80; FEB 207.66
-5.66;
Total volume: 99716;
NYMEX NATURAL GAS: NOV 4.289 -0.27; DEC 5.066 -0.22; JAN 5.419 -0.21;
FEB 5.478 -0.20;
Total volume: 183831;
ICE/IPE GASOIL: NOV 624.75 -16.00; DEC 631.75 -16.00; JAN 640.25 -16.00;
FEB 646.75 -16.00;
Total volume: 108910.
Please note that all total volumes reflect prior day's data, except for the
IPE
crude trade-weighted average.
BWAVE = trade-weighted average of all electronic trades from 1:00 AM to
11:00 PM local London time. BWAVE data refer to the previous business day.
Currently, NYMEX volume summaries refer only to trading floor and not to
electronic
transactions.
DAILY OPEC BASKET PRICE: (data are retroactively published for the previous
business day):
27Oct
76.43
-0.27
Effective March 11, 2008, the daily OPEC basket price represents an index of
the following 13 grades: Algeria's Saharan Blend, Angola's Girassol, Ecuador's
Oriente, Indonesia's Minas, Iranian Heavy, Iraq's Basra Light, Kuwait's
Export, Libya's Es Sider, Nigeria's Bonny Light, Qatar's Marine, Saudi
Arabia's Arab Light, Murban of the UAE and Venezuela's BCF 17.
Daily US$ vs EURO exchange rate (Forex rate at 4:30 PM local London time)
28Oct
1.4741
Daily Ruble vs US$ exchange rate (Forex rate at 4:30 PM local London time)
28Oct
29.2300
ASSESSMENT SPECIFICATIONS are available at www.platts.com
ARA
Singapore
US Gulf Coast US Midcontinent
Yld Frt Nbk Yld Frt Nbk Yld Frt Nbk Yld Frt Nbk
Arab Light (Most recent FOB spot: N.A.)
CRK 77.48 1.21 76.27 75.19 0.65 74.54 79.27 1.28 77.99 79.03 2.41 76.62
COK
78.42 1.28 77.14 80.90 2.41 78.49
VIS 75.38 1.21 74.17 73.01 0.65 72.36
Arab Medium (Most recent FOB spot: N.A.)
CRK 76.63 1.23 75.40 74.14 0.66 73.48 77.86 1.31 76.55
COK
77.38 1.31 76.07
VIS 74.28 1.23 73.05 72.14 0.66 71.48
Arab Heavy (Most recent FOB spot: N.A.)
CRK 75.89 1.26 74.63 73.82 0.68 73.14 77.62 1.34 76.28
COK
76.53 1.34 75.19
VIS 73.60 1.26 72.34 72.45 0.68 71.77
ARA
Singapore
US Gulf Coast US Midcontinent
Yld Frt Nbk Yld Frt Nbk Yld Frt Nbk Yld Frt Nbk
Arab Berri (Most recent FOB spot: N.A.)
CRK
81.01 1.26 79.75 81.52 2.38 79.14
COK
80.24 1.26 78.98 82.95 2.38 80.57
Attaka (Most recent FOB spot: 78.31)
CRK
76.92 1.39 75.53
VIS
75.51 1.39 74.12
Azeri Light (Most recent FOB spot: 78.34)
CRK 81.20 1.38 79.82
VIS 77.91 1.38 76.53
ARA
Singapore
US Gulf Coast US Midcontinent
Yld Frt Nbk Yld Frt Nbk Yld Frt Nbk Yld Frt Nbk
Basrah Light (Most recent CIF Gulf Coast spot: 75.19)
CRK 77.77 1.25 76.52
79.02 1.31 77.71 79.33 2.42 76.91
COK
78.41 1.31 77.10 81.20 2.42 78.78
VIS 75.23 1.25 73.98
BCF 17 (Most recent FOB spot: N/A)
CRK
75.32 0.70 74.62
COK
74.65 0.70 73.95
BCF 22 (Most recent FOB spot: N/A)
CRK
77.39 0.68 76.71
COK
77.27 0.68 76.59
ARA
Singapore
US Gulf Coast US Midcontinent
Yld Frt Nbk Yld Frt Nbk Yld Frt Nbk Yld Frt Nbk
BCF 24 (Most recent FOB spot: N/A)
CRK
78.12 0.67 77.45
COK
78.08 0.67 77.41 79.94 1.70 78.24
Bonny Light (Most recent FOB spot: 77.00 )
CRK
83.83 1.23 82.60 84.15 2.66 81.49
Bow River (Most recent FOB spot: 69.77 )
COK
80.71 1.84 78.87
Brass (Most recent FOB spot: 76.55 )
CRK 80.41 1.50 78.91
81.07 1.10 79.97
ARA
Singapore
US Gulf Coast US Midcontinent
Yld Frt Nbk Yld Frt Nbk Yld Frt Nbk Yld Frt Nbk
Brent (Most recent FOB spot: 76.66 )
CRK 79.41 0.53 78.88
81.63 1.01 80.62
COK
80.76 1.01 79.75
VIS 76.73 0.53 76.20
Cabinda (Most recent FOB spot: 75.08 )
CRK
80.85 1.50 79.35 80.05 2.60 77.45
COK
80.69 1.50 79.19 83.39 2.60 80.79
Cano Limon (Most recent FOB spot: 80.49 )
CRK
81.44 0.60 80.84 80.74 1.70 79.04
COK
81.05 0.60 80.45 83.13 1.70 81.43
ARA
Singapore
US Gulf Coast US Midcontinent
Yld Frt Nbk Yld Frt Nbk Yld Frt Nbk Yld Frt Nbk
Dubai (Most recent FOB spot: 76.22 )
CRK
75.93 0.61 75.32
VIS
73.23 0.61 72.62
Duri (Most recent FOB spot: 69.62 )
CRK
72.06 0.74 71.32
VIS
67.19 0.74 66.45
ARA
Singapore
US Gulf Coast US Midcontinent
Yld Frt Nbk Yld Frt Nbk Yld Frt Nbk Yld Frt Nbk
Ekofisk (Most recent FOB spot: 76.07 )
CRK 79.66 0.42 79.24
VIS 76.69 0.42 76.27
Escalante (Most recent FOB spot: 72.79 )
CRK
78.01 3.42 74.59
COK
78.66 3.42 75.24
Flotta (Most recent FOB spot: 74.42 )
CRK 78.35 0.48 77.87
VIS 75.48 0.48 75.00
ARA
Singapore
US Gulf Coast US Midcontinent
Yld Frt Nbk Yld Frt Nbk Yld Frt Nbk Yld Frt Nbk
Forcados (Most recent FOB spot: 76.35 )
CRK
84.64 1.19 83.45 83.71 2.51 81.20
Forties (Most recent FOB spot: 75.09 )
CRK 78.64 0.53 78.11
VIS 75.52 0.53 74.99
Gullfaks (Most recent FOB spot: N/A)
CRK 81.05 0.51 80.54
VIS 77.79 0.51 77.28
ARA
Singapore
US Gulf Coast US Midcontinent
Yld Frt Nbk Yld Frt Nbk Yld Frt Nbk Yld Frt Nbk
Iran Heavy (Most recent FOB spot, Sidi Kerir: 74.82 )
CRK 77.70 1.00 76.70
VIS 74.97 1.00 73.97
Iran Light (Most recent FOB spot, Sidi Kerir: 75.17 )
CRK 78.70 0.99 77.71
VIS 75.79 0.99 74.80
Isthmus (Most recent FOB spot: 76.84 )
CRK
80.61 0.36 80.25
COK
79.52 0.36 79.16
Kirkuk (Most recent FOB spot: 76.56 )
CRK 77.78 0.75 77.03
Platts Crude Oil Marketwire continues on page 854
PLATTS CRUDE OIL MARKETWIRE
NEW YORK, 28OCT09, VOL. 30, NO. 212
Continued from page 853
ARA
Singapore
US Gulf Coast US Midcontinent
Yld Frt Nbk Yld Frt Nbk Yld Frt Nbk Yld Frt Nbk
Kuwait (Most recent FOB spot: 75.74 )
CRK 76.74 1.25 75.49 74.43 0.69 73.74 78.17 1.30 76.87
COK
77.58 1.30 76.28
VIS 74.15 1.25 72.90 72.28 0.69 71.59
LLS (Most recent FOB spot: 78.48 )
CRK
82.84 0.65 82.19 83.63 0.78 82.85
COK
82.31 0.65 81.66 84.64 0.78 83.86
Mars (Most recent FOB spot: 74.26 )
CRK
78.32 0.63 77.69
COK
77.97 0.63 77.34
Marlim (Most resent FOB spot: (70.59 )
CRK
77.82 0.69 77.13
COK
79.04 0.69 78.35
ARA
Singapore
US Gulf Coast US Midcontinent
Yld Frt Nbk Yld Frt Nbk Yld Frt Nbk Yld Frt Nbk
Maya (Most recent FOB spot: 71.75 )
CRK
76.37 0.36 76.01
COK
73.59 0.36 73.23 113.33 1.50
111.83
Merey (Most recent FOB spot: N/A)
CRK
75.25 0.71 74.54
COK
75.30 0.71 74.59
Mesa (Most recent FOB spot: 78.24 )
CRK
79.98 0.65 79.33 79.51 1.68 77.83
COK
79.69 0.65 79.04 81.56 1.68 79.88
ARA
Singapore
US Gulf Coast US Midcontinent
Yld Frt Nbk Yld Frt Nbk Yld Frt Nbk Yld Frt Nbk
Minas (Most recent FOB spot: 79.87 )
CRK
75.01 0.68 74.33
VIS
69.20 0.68 68.52
Mixed Light Sour (Most recent FOB spot: 70.06 )
CRK
79.72 1.84 77.88
COK
80.74 1.84 78.90
Mixed Light Sweet (Most recent FOB spot: 77.16 )
CRK
82.90 1.66 81.24
COK
83.87 1.66 82.21
Murban (Most recent FOB spot: 78.33 )
CRK 79.42 1.16 78.26 76.13 0.61 75.52
VIS
73.61 0.61 73.00
Qatar Dukhan (Most recent FOB spot: 77.12 )
CRK
75.75 0.66 75.09
VIS
73.57 0.66 72.91
ARA
Singapore
US Gulf Coast US Midcontinent
Yld Frt Nbk Yld Frt Nbk Yld Frt Nbk Yld Frt Nbk
Qatar Marine (Most recent FOB spot: 76.68 )
CRK
76.06 0.66 75.40
VIS
73.36 0.66 72.70
Umm Shaif (Most recent FOB spot: 77.57 )
CRK
75.32 0.61 74.71
VIS
72.87 0.61 72.26
Zakum(Lower) (Most recent FOB spot: 78.00 )
CRK
75.45 0.61 74.84
VIS
73.30 0.61 72.69
ARA
Singapore
US Gulf Coast US Midcontinent
Yld Frt Nbk Yld Frt Nbk Yld Frt Nbk Yld Frt Nbk
Olmeca (Most recent FOB spot: 76.42 )
CRK
81.23 0.35 80.88 81.99 1.50 80.49
COK
80.38 0.35 80.03 82.87 1.50 81.37
Oman (Most recent FOB spot: 77.08 )
CRK
75.27 0.57 74.70
VIS
73.00 0.57 72.43
Rabi (Most recent FOB spot: N/A)
CRK
83.16 1.24 81.92
COK
83.31 1.24 82.07
ARA
Singapore
US Gulf Coast US Midcontinent
Yld Frt Nbk Yld Frt Nbk Yld Frt Nbk Yld Frt Nbk
Saharan Blend (Most recent FOB spot: 77.06 )
CRK 78.65 0.36 78.29
Statfjord (Most recent FOB spot: 75.97 )
CRK 79.92 0.53 79.39
81.95 1.01 80.94
COK
81.17 1.01 80.16
VIS 77.10 0.53 76.57
Soyo/Palanca (Most recent FOB spot: N/A)
CRK
82.68 1.39 81.29
COK
81.75 1.39 80.36
Syncrude (Most recent FOB spot: N/A)
CRK
83.40 1.53 81.87
Tapis (Most recent FOB spot: 79.22 )
CRK
77.22 0.54 76.68
VIS
73.75 0.54 73.21
ARA
Singapore
US Gulf Coast US Midcontinent
Yld Frt Nbk Yld Frt Nbk Yld Frt Nbk Yld Frt Nbk
Troll (Most recent FOB spot: N/A)
CRK
83.50 1.09 82.41
COK
84.15 1.09 83.06
Urals (Most recent CIF ARA spot: 75.06 )
CRK 78.33 0.59 77.74
79.84 0.88 78.96
COK
79.62 0.88 78.74
VIS 75.46 0.59 74.87
WTI (Most recent FOB spot: 77.36 )
CRK
81.12 0.94 80.18 81.88 0.43 81.45
COK
80.56 0.94 79.62 83.08 0.43 82.65
WTS (Most recent CIF spot: 75.29 )
CRK
80.92 0.65 80.27
COK
82.25 0.65 81.60
Zuetina (Most recent FOB spot: 76.81 )
CRK 80.38 0.53 79.85
Platts publishes yields and netbacks produced by Platts Daily Yield, a joint
venture between Platts and the consulting engineering firm of Turner, Mason &
Co. All yields and netbacks in Platts Crude Oil Marketwire will be produced
using Platts product assessments and Turner, Mason's TMMS refinery modeling
platform, configured to represent actual processing capabilities in specific
regional centers based on a survey of operating refineries to be updated
annually. Beginning January 2, 2002, Platts Crude Oil Marketwire will run daily
yields and netbacks for Singapore, ARA (Amsterdam-Rotterdam-Antwerp), and the
US Gulf Coast. A fourth refining center will be available on the following
schedule: Monday, US East Coast; Tuesday, Caribbean; Wednesday, US
Midcontinent; Thursday, Italy; and Friday, US West Coast. However, yields and
netbacks produced for all those cities are available daily through Platts
Global Alert and Platts Dispatch. For further questions, please go to
www.platts.com, click on the Oil tab and look for the link to Platts Daily
Yield.
--End of Wire--