PIW Market Indicators

PIW Market Indicators ($/bbl) Sep 23- Sep 16- Aug 26- Sep 25 Sep 20 Aug 30 Spot Crude Opec Basket $63.60 $65.72 $59.73 UK Brent (Dtd.) 63.72 65.55 60.12 US WTI (Cushing) 57.38 59.32 55.21 Lt. Louisiana Swt. 61.24 63.12 58.14 Nigeria Bonny Lt. 66.39 68.15 62.27 Dubai Fateh 62.85 64.45 58.91 US Mars 58.54 61.55 55.93 Russia Urals (NWE) 61.62 64.58 59.11 Oman 64.23 65.95 60.50 ESPO 69.65 70.27 65.12 Bakken 56.88 58.78 54.46 Crude Futures Brent 1st (ICE) 63.42 65.17 60.04 Brent 2nd (ICE) 62.43 64.09 59.36 B-wave (ICE) 63.32 65.33 60.00 WTI 1st (Nymex) 57.47 59.31 55.23 WTI 2nd (Nymex) 57.27 59.22 55.04 Oman 1st (DME) 62.93 64.55 59.43 Oman 2nd (DME) 61.67 63.24 58.99 Forward Spreads Brent (1st-Dtd.) -$0.30 -$0.38 -$0.08 Brent (2nd-1st) -0.99 -1.08 -0.68 WTI (2nd-1st) -0.20 -0.10 -0.19 WTI (3rd-2nd) -0.43 -0.43 -0.33 Oman (2nd-1st) -1.26 -1.30 -0.44 Oman (3rd-2nd) -0.89 -1.29 -0.99 Grade Differentials WTI-Brent (1st) -$5.95 -$5.95 -$4.81 WTI-LLS -3.87 -3.80 -2.93 WTI-Mars -1.17 -2.23 -0.72 Brent(Dtd)-Dubai +0.87 +1.10 +1.21 Brent(Dtd.)-Urals +2.10 +0.98 +1.02 Brent(Dtd.)-Bonny Lt. -2.67 -2.60 -2.15 Term Crude Formulas Arab Lt.-US (c.i.f.) $62.87 $65.88 $60.26 Arab Lt.-Europe (Med) 64.22 66.23 58.20 Arab Lt.-Far East (f.o.b.) 65.24 66.90 62.16 Nigeria Bonny Lt. 65.17 67.00 61.75 Arab Light Gross Product Worth Rotterdam $66.16 $68.88 $61.88 US Gulf Coast 66.32 69.02 64.45 Singapore 67.39 71.16 61.74 Gross Product Worth & Margins Rotterdam UK Brent GPW $68.01 $70.50 $64.36 UK Brent Margin +2.52 +3.79 +3.31 US Gulf Coast Mars GPW 64.40 67.32 62.39 Mars Margin +5.76 +5.67 +6.36 Singapore Oman GPW 67.06 71.25 61.30 Oman Margin +1.73 +4.20 -0.20 US Nymex WTI 3-2-1 Crack +$16.47 +$16.19 +$16.57 Refined Products Rotterdam ($/ton) Eurobob Gasoline $582.93 $623.22 $587.70 Gasoil (0.1%) 597.67 613.70 564.79 Fuel Oil (1%) 344.00 376.10 285.63 US Gulf Coast (¢/gal) RBOB Gasoline 163.80¢ 169.08¢ 176.22¢ ULS Diesel 192.73 196.64 179.65 Fuel Oil (0.7%, $/bbl) $67.46 $71.10 $59.95 Singapore ($/bbl) Naphtha $55.53 $58.02 $49.68 Gasoil (0.05%) 78.65 80.37 73.78 Fuel Oil (3.5%, $/ton) 394.29 467.70 363.97 Latest week's data are preliminary. For GPW and margin