World Oil and Gas Price Review for May 3

Daily Oil & Gas Price Review

Prices for Thursday, May 3, 2012

Crude Oil Futures -- Prompt Month ($/bbl)

1st

5-Day

2nd

3rd

Chg.

Month

Avg.

Month

Month

ICE Brent

-2.12

116.08

118.65

115.84

115.53

Nymex Light Sweet

-2.68

102.54

104.74

102.92

103.20

DME Oman

+0.07

115.42

115.71

115.01

114.58

Spot Crudes and Opec Basket

International Crudes ($/bbl)

Spot

5-Day

Month-

Year-

Cash/Spot

Chg.

Price

Avg.

Ago

Ago

Opec Basket (A)

-0.40

116.68

117.39

122.95

119.34

Brent (Dated)

-1.66

116.45

118.64

123.88

125.14

Dubai

-1.93

113.30

115.76

119.60

118.55

Oman

-1.13

114.86

116.05

123.92

119.12

WTI (US, Cushing)

-2.69

102.54

104.73

101.51

110.81

Minas (Indonesia)

-1.12

131.08

132.15

136.52

126.40

Tapis (Malaysia)

-1.66

123.40

125.69

132.35

131.66

Forties (UK)

-1.96

115.50

117.91

126.05

127.18

Oseberg (Norway)

-1.66

116.65

119.05

127.00

129.08

Bonny Light (Nigeria)

-1.66

116.95

118.59

125.63

130.08

Urals (Russia)

-1.66

114.75

116.98

120.53

122.98

North American Crudes ($/bbl)

Spot

5-Day

Month-

Cash/Spot

Chg.

Price

Avg.

Ago

WTS (Midland)

-1.19

97.54

98.58

92.91

LLS (St. James)

-1.69

117.94

120.27

123.86

Mars (Clovelly)

-1.59

112.04

114.30

117.01

ANS (California)

-2.68

117.44

119.44

118.87

Maya (Mexico)

-0.88

108.69

109.50

108.47

Refined Product Futures

1st

5-Day

2nd

3rd

Chg.

Month

Avg.

Month

Month

Nymex (¢/gal.)

RBOB Gasoline

-2.57

305.00

312.27

300.78

296.92

Heating Oil

-5.56

308.69

315.43

309.02

309.41

ICE (London)

Gasoil ($/ton)

-11.25

988.25

1003.40

984.25

981.50

Gasoil (¢/gal.)

-3.57

313.73

318.54

312.46

311.59

US Gulf Coast Spot Refined Products

Spot

5-Day

Month-

Gasoline (¢/gal.)

Chg.

Price

Avg.

Ago

Regular Gasoline

-5.36

284.79

291.35

322.35

Premium Gasoline

-6.36

294.04

297.25

335.60

Regular RBOB

-4.36

300.29

306.10

338.35

Mid-Distillates (¢/gal.)

Heating/Gasoil (B)

-5.47

307.75

314.08

314.13

Low Sulfur Gasoil/Diesel (C)

-5.47

312.75

319.48

322.63

Jet Fuel

-5.97

314.75

321.63

322.88

Fuel Oil ($/bbl)

1% Sulfur

0.00

113.72

116.25

119.13

3%-3.5% Sulfur

0.00

106.22

107.67

111.47

New York Spot Refined Products

Spot

5-Day

Month-

Gasoline (¢/gal.)

Chg.

Price

Avg.

Ago

Regular Gasoline

-4.36

295.29

302.40

334.35

Premium Gasoline

-2.86

325.04

329.50

353.60

Regular RBOB

-4.11

308.04

312.15

324.60

Mid-Distillates (¢/gal.)

Heating/Gas Oil (B)

-5.97

308.00

314.73

315.88

Low Sulfur Gas Oil/Diesel (C)

-5.47

312.00

318.28

320.13

Jet Fuel

-5.97

322.00

327.93

325.88

Rotterdam Spot Refined Products

Spot

5-Day

Month-

Chg.

Price

Avg.

Ago

Gasoline

Regular Gasoline

0.00

1060.00

1073.00

1207.00

Premium Gasoline

-3.00

1065.00

1077.20

1218.00

Mid-Distillates

Heating/Gasoil (B)

-14.75

988.75

1003.85

1028.00

Low Sulfur Gas Oil/Diesel (C)

-15.75

1000.75

1016.55

1053.50

Jet Fuel

-16.75

1052.75

1070.15

1105.00

Fuel Oil

1% Sulfur

NA

736.00

732.00

769.00

3%-3.5% Sulfur

0.00

679.00

683.40

704.50

Singapore Spot Refined Products

($/ton)

Spot

5-Day

Month-

Light Ends

Chg.

Price

Avg.

Ago

Naphtha ($/bbl)

-0.39

107.91

109.91

117.14

Regular Gasoline ($/bbl)

-0.90

130.75

133.84

140.35

Mid-Distillates ($/bbl)

Gasoil

-1.53

131.09

132.17

136.58

Jet/Kerosene

-1.47

131.47

132.49

137.00

Fuel Oil ($/ton)

3% Sulfur

-13.20

718.00

726.46

748.70

Mideast Gulf Spot Refined Products

Spot

5-Day

Month-

Chg.

Price

Avg.

Ago

Light Ends

Naphtha ($/mt)

-3.23

966.67

984.46

1051.05

Mid-Distillates ($/bbl)

Gasoil

+0.04

133.10

132.80

137.18

Jet/Kerosene

+0.03

131.31

131.00

135.77

Fuel Oil ($/ton)

3% Sulfur

-13.05

703.10

711.47

733.50

Natural Gas Prices

1st

2nd

Chg.

Month

Month

US -- Henry Hub (Nymex)

$/MMBtu

+0.087

+2.340

+2.430

US -- Henry Hub (Cash)

$/MMBtu

-0.028

+2.283

...

UK -- NBP (Cash)

p/th

+0.25

61.45

...

Produced by Oil Daily in cooperation with Reuters

Notes: All data are produced by International Oil Daily in cooperation with Reuters unless otherwise indicated. When prior day bid prices are not available at press time,
price changes and averages are based on prior day closing spot prices.
This will occur on days when International Oil Daily does not publish,
or when market data are not available at publication time.
A--Opec basket price is for previous day.

B--No. 2 Heating Oil in US; 0.2% Gas Oil in Rotterdam.
C--No. 2 Low Sulfur Diesel in US; Ultra Low Sulfur Diesel in Europe.
D--Low pour.
E--High pour.
F--All Rotterdam prices are f.o.b. barge quotations.
G--day ahead.