Oil prices

The Dated Brent oil price averaged $43.73 per barrel in 2016, down from $52.39/bbl in 2015 and its lowest (nominal) annual level since 2004

In 2016 the annual average price for Brent declined by 17%, while the WTI - Brent differential narrowed to $0.39 per barrel. The market responded to the decline in oil prices, with demand increasing by 2.0 Mb/d, twice its 10-year average.

Crude oil prices ($ per barrel | world events)

crude-oil-prices-bp

Rotterdam product prices ($ per barrel)

Rotterdam product prices ($ per barrel)

Product differentials to crude (Rotterdam products minus dated Brent) ($ per barrel)

Product differentials to crude (Rotterdam products minus dated Brent) ($ per barrel)

Methodology

The key crudes quoted are Brent, West Texas Intermediate (WTI), Nigerian Focados and Dubai in US$ per barrel.

The spot crude price history from 1972 and annual crude price history from 1861 are available in the historical data excel workbook.

Using Platts data

For data whose source is Platts, the redistribution and reproduction of this data is strictly prohibited without prior authorization from Platts.

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