Organization of Arab Petroleum Exporting Countries
Petroleum
Devolopments
Volume 40 Issue 5
25
Mar
.
Feb
.
Jan
2014
Dec
.
Nov
.
Oct
.
Sept
.
Aug
.
July
June
May
Apr
.
Mar
.
2013
-
1.2
0.7
-
3.0
2.7
-
1.7
-
2.0
1.2
3.0
3.4
0.4
-
0.4
-
5.3
-
6.4
Monthly Change
-
2.2
-
7.4
-
4.6
1.1
-
1.9
-
1.7
-
2.0
-
2.0
4.9
7.1
-
7.4
-
17.1
-
16.6
Month-on-Month
Change from the
Previous Year
* Effective June 16,2005 OPEC replaced its seven-crude basket with one comprised of eleven crudes, one from each member
country (weighted according to production and exports to major markets). Effective 1 January and mid of October 2007,
Angola’s Girassol and Ecuadorian Oriente crudes have been incorporated to become the 12
th
and 13th crudes comprising
the new OPEC Basket. As of Jan.2009, the basket excluded the Indonesian crude.
Table (3
) in the annex show spot prices for OPEC basket and other crudes
for the period 2012-2014.
1-2 Spot Prices of Petroleum Products
- US Gulf
In February 2014, the spot prices of premium gasoline increased by
7.7% or $9.2/bbl comparing with their previous month levels to reach
$128.9/bbl, spot prices of gas oil increased by 0.2% or $0.3/bbl to reach
$121.0/bbl, and spot prices of fuel oil increased by 4.1% or $4.1/bbl to
reach $102.9/bbl.
Figure - 2
Table 1
Table (1)
and
figure (2)
show the change in the price of the OPEC basket
versus last month and the corresponding month of last year :
Change in Price of the OPEC Basket of Crudes, 2013-2014
($/bbl)
Change in the Price of the OPEC Basket of Crudes, 2013-2014
($/bbl)
