Oil prices

Dated Brent averaged $52.39 per barrel in 2015, a decline of $46.56 per barrel from the 2014 level and the lowest annual average since 2004

Crude oil prices recorded the largest decline on record in dollar terms, and the largest percentage decline since 1986. The annual average price for Brent, declined by 47% reflecting a growing imbalance between global production and consumption. The Brent-WTI differential narrowed for a third consecutive year, to $3.68 per barrel.

Crude oil prices ($ per barrel | world events)

Rotterdam product prices ($ 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.

Email: support@platts.com

Related content