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A daily international oil/gas market report. Established in 1923. Published by The Commodities Division of Standard & Poor's.

Oilgram Price Report

PLATT'S INDEX

Volume 74, No. 219

Jet Kerosene

Gasoline

Gmil

Monday, November 11,1996

142.071'

0.99

131.601' 1.49

149.251' 1.77

Prices Effective November 8,1996 Page 1

Naphtha

Resid

Atlantic Sweet Crude

147.661' 1.99

193.241' 2.09

143.38 1' 6.90

Med Sour Crude

PGlAsia Crude

US. Pi eline Crude

146.051'

8.16

149.911' 2.02

138.7211. 5.27

Canadian ship pers seek historic IPL no nination limits

New York--Canadian crude shipperswill seekNationalEn- ergy Board approval for a re- turn to historic nomination limitsfor December apportion- ment on the Interprovincial PipeLine, a slupper said No- vember 8. The move has earned sup- port from between 80% and 90% of Canadian light crude shippers, one source said. The action was called for after No- vember apportionment for lights reached 39% on lines 2 and 13, he added. "Apportion- ment would blow up to over 50% if nothing is done," an- other shipper said. Although contingent on a final go-ahead from the NEB, historic nomination limits would require that shippers nominate no more than the av- erage amount of crude they moved to the IPL for the past four months, a shipper ex- plained. Originally, maximum nomi- nations were to be based on the shippers' throughput highs but apportionment levels would

maximums kept to average crude movement, apportion- ment was expected to be 7% for light sweet and sour and medium sweet crude, Traders attributed current over-nomi- nation to "game-playing" and other market factors. With typical seasonal de- creases in product demand, less crude throughput at Edmonton refineries has led to an increase in the amount of crude that ship-

pers want to get out of Alberta, a shipper said. More of those ship-

pershavetumedtoIPLasTrans-

mountain PipeLine is "full like never before," a shipper said. Transmountain ships crude west, out of Alberta. The return to historic nomi- nations for December will likely take place, a shipper said. There was said to be little industry opposition. At this point, shippers saidthey do not see aneed forthe historiclimits beyond December. Light crude apportionment was originally issued at 33% for November but was increased bv a further 6% apportionment at

have remained in the doubledig- 1 Superior on Lines 5 and 6a on

its, he said. With nomination Continued on page 4

1Holiday Note: Asia

.-

Because of a public holiday November 11 (OPR November 12, 1996 issue), there will be no Platt's Asia-Pacific crude assessmentsor products assessmentsfor Singapore,Japan,the

BP to close Lima, Ohio plant after "unacceptable"bids

London/New York--BP re- ceived only three bids for its Lima, Ohio refinery and all were "unacceptable," a BP spokesman said. "The sales

process

bids and all of them were unac- ceptable," he said. The company said it would take up to two years to close the plant because it would take that

long to arrange new supply sources. "The company

will

while it pursues other options for

supplying products to the mar- ketplace,"BPsaid in a statement. "Thisprocess is expected to take about two years." But while the company has now saidit will closeLima,this did not mean that a new offer for the plant would automat- ically be rejected, a source close to the refinery said. "BP

yielded

only three

continue

to refine crude oil

will still entertain offers," the source said. "They've not closed the door. They've just stopped the act of marketing." BP plans to turn the Lima refinery into an oil storage ter- minal when operations at the plant are suspended in two years' time, a spokesman said. The suspension of refining operations at Lima would not

affect BP's plans to upgrade its

other Ohio refinery at Toledo, the spokesman said. The closureof the Limaplant is expected to have a positive impact on the US Midwest mar- ket, Oppenheimer analyst Asit San said. "Itwill have apositive impact on operatorsin (the Mid- west),"he said. "Whenever you have conversion capacity com-

ing out of the system it gives such apsychologicalboost to the Continued on page 4

NYMEX contracts gain on technicals and heating oil

New York--Energy markets made major gains on techni- cals and strong heating oil prices in mostly thin volume trade Friday on the New York Mercantile Exchange. Late short-coveringand market talk sent crude and product prices even higher during the after-

noon, a trader said. Friday marked the first time in recent trade that December crude was able to maintain support above $23.00, a trader said. Traders considered $23.00 a "bellwether" of mar- ket strength, he said. Energy Continuedon page 4

Copyright 0 1996The McCraw-Hill Companies, Inc. All rights reserved.

Page 2 Volume 74, No. 219

Platt's Oilgram Price Report Monday, November 11,1996

Prices Effective November 8,1996

MARKET BY MARKET

upplies

~ quietbut steady buying interest wasreportedintoGreece. Barges were heard trading 1 at November flat for Rotter- dam refinery and November minus 50 cts €or Amsterdam

I

i

storagematerial. High sulfur cracked fuel oil cargoes were marked un- changed in NWE as higher swap values left physical play- ers unimpressed. In the Med,

there were bits and pieces of spot-related trade and the pre- miums achievedsuggestedthat

the market was recovering. Trade was also heard on

straight run at a $3 premium to

the means formula. Low sulfur cracked was clearly stronger with negotia- tion heard inNWE at $123.50- 124.00 FOB and a growing conviction among traders that Med demand was kicking in. High sulfur barges traded very early at $107.50 FOB ARA before swiftly moving up to $110FOB ARA and ending the day some way above this.

Asia: Tight mogas

Xghtness in November to early December boosted prices in the Singaporehigh RON unleaded gasoline market. Sources said some traders were short- cov- ering into Taiwan, and some refiners in Australia also were sourcing barrels to meet firmer demand. In Singapore,a bid was seen at $24.90/bbl FOB for 95 RON unleaded loading December 3- 7. There was no selling interest. The open-spec naphtha market was active for second half January and forward- month spreads. Second half January deals were done in range of $213.50-214.50/mt.A second half Decembedfirst half January spreadwas done at plus $2.00/mt. At the close, second half January was talked at $215.00-215.50/mt. with

first half January at $216.00- 1 December.

217.00/mt. Second half De-

cember was assessed at drewstrengthonstrongbuying

$218.00-219.00/mt.

The Singapore paper market edged up with November trad- ing at $22.05-22.10. December

waspeggedat$21.7@21.85/bbl.

The jet kerosene market was active. A 35,000mt cargo was heard sold into South Ko- rea at close to a $1.50/bbl pre- mium. A cargo was heard sold into the Shanghai market at a $1.55/bbl premium. A Japa- nese refiner was also heard

buying two January cargoes at a mean plus $1.50/bbl.

In Singapore, a trader of-

fered 130,000 bbl loading No-

vember 23-27 at $30.30 and then at $30.40/bbl.Bidding for 100,000 bbl was heard at

$30.05/bbl.

A Singapore based trader

bought additional parcels of gasoil in an active market. In- itially, atrader offered 150,000 bbl loadingNovember 26-30 at $30.40/bbl, with two traders bidding at $30.30 and 30.40hbl for three 150,000bbl parcels. A parcel was sold at $30.35/bbl loading November 26-30 and two Darcels loading November 23-27 and Novemy ber 30-December 4 were done

~

at $30.60/bbl.

Paper was moderately ac-

I

tlve at around $29.65/bbl for

Singapore fuel oil prices

MTBE: Limited interest

mained flat.

stronger

USG.

10,ooO bbl parcel was sold at ~ 86.50 ctdgal FOB US Gulf.No , otherdeal; were confirmeddox.

I

ported at 86.25-86.50 cts/gal

FOB USG with most bids be-

1 low 86 ctdgal, except for one

Despite gasoline's

showing on the NYMEX,

MTBE buying interest re- j heard at 86.25 cts/gal FOB

ADecofferfor50,000bbl was

' promptbuyerindicating86cts.

Friday morning, a prompt In New York Harbor,

sources reported decreased

I blender demand due to re-

duced gasoline supplies for

November offers were re-

blending. An any November

' ducer to blender.

~

deal was done at 90 &gal

FOB NYH for 10,000bbl,pro-

US Crude: Sweets stay popular

' interest.Inthephysicalmarket, 1Us Gulf Coast sweet crude

a trader sold a 20,000mt

180

CST cargo at $119.25/mt for November 26-30. A second trader bid at $119.00/mt for November 29-December 3. The fuel oil swaps market opened unchanged from late Thursday, but later rose with November trading at $1 18.50/mt and $119.00/mt. December traded at $117.75/mt and 118.00/mt.

grades gained while sour grades grdually slippedin oth- erwisequiet trade, sources said Friday. Sweet grades like LLS and HLS remain popular and buy-

ing interest Is still steady, said a trader. December LLS was heard done at 65,67,and 68 cts over Cushing WTI. December HLS gained 2-3

ctswithdealsheardat71,72,and

73 cts over Cushing WTI. De- cemberMidland was hearddone at 1and 2 cts overCushing WTI. Salesfromthe StrategicPe- troleum Reserve, meanwhile, may not create huge price drops but the ongoing process places pressure on markets, said a trader. December WTS was heard done at $1.60 and $1.61undercushing WTJ. De- cember Eugene Island was

$1.80,1.81,1.82,1.90,and 1.92. Rumors of a Cusiana and a Vasconiadealwere unconfirmed in an otherwise quiet day of Latm American trade. The last Vas- conia deal was said to be done at the $1.95-2.00 under Cushmg WTI level. Mid December Can0 Limon was heard on offer at

$1.35-1.40under Cushing WTI.

Can0 Limon is called tighter be- cause it is a popular short-haul crude and competitionis limit4 said a seller. On the US West Coast, the main spot seller offered De- cember ANS at $2.00 under Cushing WTI-I0 cts tighter than previous levels--but the new offer in not likely to change weeks of a stalemate between buyer and seller, said a trader. The last deal was nearly a month ago and since then, ANS has steadilv talked

I at $2.10-2.50 under Cushinrr

Europe: Gasoil strength

Gasoline barge markets ended 1 up more slowly, with trades

the week on a more subdued note. The bulk of business on premium unleaded was con- cluded at $218-219 FOB. One deal was heard for Rotterdam refinery material at $220 FOB early in the day,while full ARA material was talked at much lower numbers. On cargoes, further players were heard trying to move bar- rels transatlantic as the arbi- trage began to look more attractive. Naphtha price ideas edged higher. In the north, pipeline spec for delivery by November 20 was bid at $221 CIF NWE, while a Greek cargo was indi- cated at $224 CIF. November swaps climbed steadily to close at around $221 CIF NWE. December moved

trade reported at stable levels.

Jet barges were active with

notedupto$212.50CIFNWE.

Ex-Antwerp, 2,300mt was done at DecemberlPE gasoil plus $31 forloadingnext week,whileDt- cember plus $32.25 was done FOB Rotterdam for 5,200mt loading November 12- 15.

Heitinrr oil values were bid heard doneat $1.25 under

Cushing WTI. December P- 1WTI. A new bid against th;

plus has been heard done at new offer was unavailable.

up, with 5ecember plus $8 heard bid CIF Hamburg, but few offers were reported. Fuel Oil Domestique was heard dis- cussed at December plus $9.50 equivalent CIF Le Havre. EN590 was done at Decem- ber plus $15 CIF La Pallice for November 22-28 delivery.Lev- els into ARA were notionally pegged at December plus $13.50for prompt arrival. The Mediterranean was

US West Coast: Focus on unl and jet

StrengthontheNew YorkMer- cantile Exchange produced a busy market early but the pace waned later in the day. "Atleast there were some bids in the market," said one trader. Un- leaded was reported better bid and the range was slightly higher 58.25-59.25 cts. De-

cember unleaded was pegged 1.00ct over November. CARB unleaded rose and fell with conventional un- leaded. CARB unleadedprices were again pegged 4.00 cts over unleaded in Los Angeles. Bay prices were a loose 2.75 cts under Los Angeles for both

c

Prices Effective November 8,1996

unleaded and CARB unleaded. Portland unleaded remained quiet at around 60.00 cts. Higher prices were seen in the jet market as NYMEX and cargo talk favored the bulls. Talk was around 67.50-68.50 cts in Los Angeles, up 0.50 cts on the day. Some traders had it pegged higher in the morning,

Platt's Oilgram Price Report Monday, November 11,1996

considering the number of in- dividual transactions reported in the market. By noon, 32 pieces of business were re- ported for various grades of bunker fuel and formarine die- sel oil in Los Angeles, Seattle, and Portland. Values were clearly defined within surpris- ingly tight ranges, considering

points under the print. No.2 oil differentials re- mained steady in November

Page 3 Volume 74, No. 219

bulk buyer seen at $16.75/bbl, but no sellers there. High sulfur resid swaps

ct over low sulfur No. 2 oil in

Los Angeles. There were a few buyers re- poedly in the portland US No. 2 oil market where the range tightened slightly to 73.00-73.75 cts. CARB diesel

les after several inactive days,

the day.

1values and healthy demand.

1 Los Angeles 380 CST traded

within $118-$121 while 180 sold about $124 and $125.

1 the same levels as in Los Ange-

sellingat 73.50cts.Bay CARE3 I les for 380 CST and for 180.

was reported losing its grip on

Traders said prices were

higher based on strongercrude

1 Seattlepricesweremoreelusive,

I Prompt November unleaded weakened in differential to 375-425 points over the De- i cember print. Cash values, however, managed to gain strengthonthe backofabullish futures market, up 75 points to

Premium unleaded was 325 points over unleaded.

100

points in cash value to 71.00- 71.25 cts, or 200-225 points

over thepnnt. Low sulfur No.2 was talked 350-400 points

No.2 oil values were up

Chicago: Unleaded slips

Unleaded differentials weak- '

strong spike in futures prices

mal butane done 0.50 ct/gal lower. Iso-butane for sale at 56.00 cts, but no deals con- firmed done. Conway normal butane moved at 54.00 cts, while iso-butanesellerswere at 55.75 cts. Non-Warren natural gaso- line was done as high as 56.50 cts, with other trades at 55.75 cts, 56.00 cts and 56.375 cts. Warren natural gasoline heard done around 57.50 cts/gal.

TET propane was early at

50.75 cts, while late day trade

was done at 52.00 cts and slightly higher. Offers in the Group were pegged at 52.50

Tight avails for very prompt product and reports that a large amount of resupply is due to hit the USAC near the end of No- vember resulted in steep back- wardation in the cash market. Prompt RFG regular un- leaded 87 barge trade was

heard at 350 points over the

December screen.Less prompt

points under. Back 33rd cycle values were pegged at 275-325

points over. Any-November

ing 325 points over the , under December, only to fall ~ tall<was at 75-100 points over

back to 200-175points off. RFG was quiet; pegged

The 32nd cycle unleaded dif- ferentials started the day trad-

cycle November fell 2.00cts to 600-650cts over the December contract. The news plus a

cis, or 260-225 points over the December screen. Low sulfur No.2 was 350-400 points over.

Atlantic Coast: Backwardation

cts, with afternoon bbl trading at 52.00 cts. Purity ethane traded as high as 31.25 cts, with offers 0.25 ct higher. E/P mix was done at

30.25 cts.

Non-TET normal butane sold at 54.50cts, with TETnor-

trade was thin.PromptNo.2 oil barge offers weakened to 35 points under the December print. Bids were located at 60 points under. Front November Boston No.2cargovalues were pegged around 45-75 points over. Back November sellers

were at 90 points over with

bids at 55 points over. Low sulfur No.2 oil trade was reported earlier at 200 points over the December print. Offers weakened to 180 points over later. Bids were at 155 points over. Off-line 54 grade talk was heard at 175- 200 points over the N0.2 print. Bunkers were higher, with IF0 380 at the end of the day

topping off at $125/mt, ex- tremely strong. High sulfur resupply was

bid at $17.75/bbl or higher for

good quality material, for barge volumes. The 2.2%S market was quiet, bids seen as high as $19/bbl,although a seller with Caribbean barrel might have done lower levels, for a barge or cargo. One percent was talked markedly higher by some, a

buyer seen in the high $19/bbl

Continued on page 4

US Gulf Coast: Weaker deltas

1

i ~

, unleaded was 150-125 points

~

125-150 points over unleaded. ,

1

LOWsulfur No.2 demand 1 this morning picked up in I value. The back 3 1st cycle was

December NYMEX print only to weaken as buyers dropped out of the market. Deals later ~ traded 300,275 and 175points over. In the afternoon, the mar- ket reversed and traded higher:

225, 250 and 275 points over 125-110 points under Decem- ~ unleaded 87 barge values were

the print.

pegged at 450-500 points over the print, Front November

ber NYMEX No.2 contract.

I ' the screen. New York-sized cargoes were valued at a steep discount to barges as result of back- 1 wardation, Sources said. , Oxygenated RFG regular

~

I

Front 33rd cycle weaker I The back 32nd cycle was 160- ~

with trade done 75, 50 and 25 140points under. , RFG Boston unleaded cargo

~ sellers wanted 450 points over.

Back November values were Contract spot ~ pegged at 300-375 points over.

Jet Fuel Prices

ctslgal

Houston

74.25-78.50

+68.25-68.75+

Conventional regular un-

E. Chicago

-75.75-82.00

+72.00-72.2~+

leaded87bargeofferswereat300

Linden

-75.75-81.25

+70.75-71.00+

points over the December print

Los Angeles

79.25-84.25

+67.50-68.50+ ~ for very prompt bbl.Less prompt

Denver

83.00-83.75

-78.00-84.00

~

talk was at 225-250 points over

Tulsa

+71.75-72.25+ ' thescreen.Tradewas reportedfor

Pt Everglades San Antonio

-76.25-78.50- +69.00-69.50+ ,

-73.00-79.50

200,000 bbl at 50 points over the December screen.

Boston Alaska Effective November 8

8 1.50-84.00

83.25-88.25

1 Despite forecasts for a cold

I snap in the Northeast, No.2 oil

I

Note to readers: FOB Med Naphtha

Effective January 1, 1997Plunk will amend its methodology for the naphtha FOB Mediterranean assessments.FOB values

assessed as a differential to CIF Med assessments using

a freightvalue betweenAlexandriaandLaveracalculatedusing Plattk cross Med clean tanker assessments plus 10worldscale points for naphtha tonnage and a further $3/mt for port and

associated costs. For historical analysis showing the possible impact of this change, please fax Chris Judge/Sharon Young, Fax: +44 181 545 6172.

will be

range, for end November bar- rels; another physical seller was only able to get a floating deal.

The dated Brent market ap- pared to rebound Friday, with a November 22-24 cargo sold at

cargoholders quickly adjusted their offers to reflect the new level. Dated Brent was sold down to Decemberminus 57 cts this week, as the North Seamar- ket struggled to place severalend November grades. Separately, a November 21-23 Brent was head sold dated-related. There were still signs of pressure on some markets. One million barrels of November

20 Ekofisk was sold at dated

plus 5 cts Friday, with rumors of another Ekofisk sold at dated plus 2 cts Thursday. Flotta also appeared weaker, with a November 24-

26 cargo moved at dated minus

80 cts, following a deal the day before at dated minus 78 cts. November 20-22 Statfjord was heard traded at dated plus 7 cts. Fifteen-day Brent outright levels moved higher, with De- cember Brent cargoes sold al $23.20, $23.30in the US after- market. DecembedJanuary traded at plus 40 cts. Novem- bedDecember became very notional, with value pegged anywhere between minus 1.5 cts to flat.

There was a sale made of

0.3%SHP, 100,000 bbl at

21.50/bbl, and 0.3%SHF' was bid at $22.50/bbl.

In

Dubai,

January

Brent/Dubai ended at $1.93- 1.95.Abid appearedinlate trade

cts, but disappeared ;he; an of-

fer came in at that level.

Urds prices in the Mediter- ranean were again marked higher as a 135,000mtNovem- ber 15-17 cargo moved be- tween traders atdatedminus 74 cts and end-November 60- 80,OOOmt piece was sold to a refiner atthe same level. Some end-usersexpressed surprise at theseprices,but anotherpoten- tial seller indicated his offer Monday would come in at above dated minus 70 cts. Iranian grades moved up in sympathy, but no other deals were reported.

UralsinNWEwasalsoquiet,

with some traders arguing that prices theE should move up af-

ter bad weather in the Baltic re-

gion delayed some loadings,but this was hard to squarewith the weakness shown in alternatives

such as Flotta. West African markets were

quiet, with traders focusing on

a possible

Cabinda. There were rumors that a late December Cabinda was sold at dated minus $1.40 Friday. But most players said

recovery

by

Closing Commodity Levels

that earlier cargoes were Val-

ued at cheaper levels. i ers viewed both light and me-

One trader noted that, while dium crude under downside Far East demand had in- pressure and adopted a "wait creased, USG demand re- ~ andsee'lattitude.

mained lethargic. There are severalcargoes of West African crude said to be on offer in the USG, including Brass River and Qua Ibo. The Far East crude market was reportedquietFriday.Sell- ers were generally not willing to move down their offers de-

Two Japanese trading houses still targeted to sell De- cember Minas at ICP plus 41- 45 cts. In the light crude market, a Japanese trading house was seeking to sell close to 500,000 bbl of the second half of December Tapis with no firm indication yet.

1 spite thin buying interest.Buy-

BP

Continuedfrom

market." BP's announcement was "nosurpriseto the market,"San said. "Refiningmargins are so

depressed so they couldn't find a buyer willing to pay a price acceptable to them." The decision was part of "longer term trend," San sug- gested. "We predict more con- solidation in the longer

capacity will be

term

more

page 1

taken out of the system and there will a drive towardsmore efficiency." Low refining margins have forcedrefinersto either aggres- sively cut costs, make acquisi- tions at "rock bottom prices," or follow BP, Elf, Chevron's example and consolidate, he said. "More refiners will at- tempt to reduceexposure to the refining business."

levels indicated crude would maintain support above $23.00,the same trader added. Market talk of apossible oil workers' strike in Venezuela has been supportive, a trader said. Reports that an Illinois statecircuitcourtjudge had re- fused to order the closing of a Clark refinery following a

court order were somewhat bearish, he said. But with De- cember crude at such suppor- tive levels, products did not come off on the reports on

this weekend,a trader said.Un- leaded, which had been the weakest of the complex in re- cent trade, retraced upward as part of a "buy-back''or correc- tion, he said. Although trading activity picked up duringthe afternoon, volume was said to have re- mained thin. December crude closed up 85 cts at $23.59. De- cember unleaded closed up 1.47cts at 65.27cts. December heating oil closed up 2.04 cts at 68.93 cts.

c

 

Change

Change

Change

Total Volume

$/Bbl

NYMEXCrude

Dec

23.59

+0.85

Jan

23.39

+0.76

Feb

23.06

+0.70

105,277

NYMEX Sr. Crude

Dec

n.a.

n.a.

Jan

n.a.

n.a.

Feb

n.a.

n.a.

n.a.

IPE Crude

Dec

22.98

+0.77

Jan

22.60

+0.71

Feb

22.10

+OS9

37,738

c/Gal

NYMEX No. 2

Dec

68.93

+2.04

Jan

68.68

+2.06

Feb

67.08

+1.96

30,453

NYMEX NY Unl

Dec

65.27

+1.47

Jan

63.56

+IS7

Feb

63.16

+IS7

30,445

NYMEXGC Unl

Dec

n.a.

n.a.

Jan

n.a.

n.a.

Feb

n.a.

n.a.

n.a.

$/MT

IPE Unl

Nov

n.a.

n.a.

Dec

n.a.

n.a.

Jan

n.a.

n.a.

n.a.

IPE

Gasoil

Nov

219.75

+1.00

Dec

21 1.06

+1.25

Jan

206.75

+1.25

23,628

Prices Effective November 8, 1996

Platt's Oilgram Price Report Monday, November 11, 1996

U.S. Tank Car Truck

---

-

_-

-

TransDotl Wholesale prices, FOB refineries,

way barge terminals. At most points bulk consumer prices are slightly

pipeline terminals and inland water-

~~-~

-1

Volume 74, No. 219 Page 5

- -.

J

above reseller postings. Discounts or temporary allowances which may be offered by individual companies are not included in posted prices.

PAD1

Regular

ConvenJionai- ~ ~ MetroNY* N New Jersey* Albany(d) Atlanta(d)

Baltimore*

---."

Rnctnn*

Charleston

Greensboro,NC

Miami

New Haven*

Norfolk

Philadelphia*

Pittsburgh

Portland,ME

Savannah

Spartanburg

Tampa

Wilmington,NC

PAD2

Chicago

Columbus

Des Moines(d)

Detroit

Mpls/St.Paul(a,d)

Oklahoma

St.Louis

PAD3

AIbuquerque(a,d)

Amarillo

Arkansas

Binningham

Corpus Christi(d)

Dallas/Ft.Worth(d)

Houston(d)

N.Orleans Area(d)

PAD4

Billings

Casper

Denver

Salt Lake

PAD5

Los Angeles(a,e) Phoenix(a) Portl and, OR (a) S anFran-EBay(e) Seattle/Tacoma(a) Spokane(a)

 

Unleaded

Midgrade

Premium

Kerosene

Diesel

Low Sulfur

 

Unleaded

~ -NolFuel-~

No.2 Fuel

No. 2 Diesel

 

~-~-

 

.~

 

~-~

 

87 65-87 65

-69.90-71.65+

+72.35-73.25+

+77 85-77 85+

+7 1. 15-71.65+

+73.00-73.85

+69 25-71

75

+71 75-75

25

+73

85-81 40

+77

00-80 95

+70.25-70.65+

-71.80-73.25

+68 20-69 85+

+7 I 00-72

IS+

-73 70-80 35+

 

+66.85-67.95

-68.90-70.95

 

+67.60-69.30+

69.85-71.00

 

+81 15-88 50

+70.50-75.00

+73.40-78.75

+69.50-70.70+

+72.05-73.50+

+77.00-78.20+

-77.45-77.45-

-70.45-71.55

+69.20-70.85+

+72.00-73.20+

+76.15-81.35+

+73.55-78.25

+67.05-68.90+

-69.10-71.25

+69.80-72.05+

+72.80-75.05+

+76.30-80.30+

+69.90-72.05

+7 1.20-73.00+

 

+77.15-82.15+

+70.30-71.00-

+72.90-73.20+

+68.90-71.60

+7 1.62-75.75

+76.70-81.60

+67.25-69.25+

+69.60-7I.2.5

 

74.00-74.80+

+67.75-69.05+

-69.75-?1.20+

+69.44-71.45-

+72.30-75.45-

+77.61-80.45-

-79.15-79.15-

+69.35-69.60+

+73.20-74.31-

70.70-70.90

74.10-74.40

80.70-80.90

+81.35-81.35+

+69.75-75.20

77.75-77.75

+70.65-70.90+

+73.29-73.60+

+78.20-78.60+

7 1.10-71.IO

-7 I. 10-72.10

+68.90-71.35+

+7

1.65-72.25+

74. 15-81.35+

+66.85-68.90+

-69.00-71. 10

+68.85-72.15+

+7 1.40-75.15+

+76.35-79.65+

+67.75-68.70+

-69.10-72.35+

+69.50-69.50+

+72.75-72.75+

+76.50-76.50+

-71.25-71.25-

-71.00-71.00-

 

No.6 Fuel

 

74.75-74.75

77.95-77.95

82.75-82.75

35.00-42.00

+71.75-71.75+

+73.40-73.55

74.15-76.75+

77.30-79.75+

82.15-86.10+

+7 I.S0-73.15+

+73.90-77.80-

-72.75-75.70

-79.75-82.95

75.00-76.50+

+76.50-78.30+

-73.15-77.35+

-76.30-80.35+

-80.65-86.70+

+70.75-70.75

+72.90-76.15

-73.45-78.75-

+83.10-83.75-

38.00-40.OO

-73.95-77.20+

-75.95-79.20+

-70.25-72.25

+74.25-74.45

+77.75-79.25

+72.35-72.68-

+74.17-75.50-

+7 2.80-74.75+

+80.55-82.70+

+70.90-73.35+

71.85-76.80+

-74.40-82.00-

-83.90-90.50-

 

81.05-82.00

71.40-71.40

75.40-75.40

79.40-79.40

+76.35-76.35+

+72.55-75.10

+75.45-77.85

+80.00-81.80-

 

+68.90-68.90+

+72.60-76.25

+67.90-70. 10

+7 1.60-73.90

-73.85-81.10

+66.95-70.75+

-68.60-69.50-

+66.70-67.60+

+70.00-71.IO+

+74.70-77.IO+

+65.40-66.30

66.30-69.00

7 I. 10-72.50

80.50-80.60

+68.65-68.65+

+67.55-70.60-

69.10-69.10

72.60-72.60

78.60-78.60

+65.70-68.00

67.15-71.40

+67.80-68.85

+70.35-72.85

+74.55-78.35

+66.30-66.45

-67.55-69.90+

-8 I .S0-8 I.SO-

-93.00-93SO

 

87.75-88.95

8 1.75-82.10-

90.25-9 I.85 -

85.75-86.15+

+72.45-73.50

7.5.45-76.50

+81.20-82.00

 

+76.05-76.05+

+76.75-77.75+

73.75-74.20

83.75-83.95

-79.75-79.75-

-84.00-84.25-

6

1.50-62.25+

65.50-66.25+

70.50-72.25+

 

-80.50-81.00-

64.25-73.00

68.25-77.00

75.25-83.00

+78.00-78.50+

6

I.SO-69.2S

73.50-81.25

 

-73.25-75.OO

74.00-75.00-

60.00-60.75+

64.00-6475+

70.00-70.75+

 

-71.75-71.7s-

60.50-60.50

72.50-72.50

73.00-73.00

-7 I .70-77.60

-76.20-76.20-

-83.45-88.60

 

82.50-82.50

83.00-84.20

(a)=Includes oxygenated gasoline. (b)=lncludes low sulfur kero. (c)=Includes 7.8 RVP. *Conventional gasoline no longer at the location. (d)=Includes branded gasoline. (c)=CARB gasoline.

Reformulated Gasoline

 

Unleaded

Midgrade

Premium

 

~-

Unleaded~_-~

 

~

 

~~

MetroNY(a,d)

72.90-74.75-

77.10-77.25-

-82.75-82.90-

N.New Jersey(a,d) 72.05-75.41+

 

75.10-78.91+

79.05-81.91+

Albany

+7 1.25-7I .25+

+73.80-73.80+

+76.55-76.55+

Ralti more

-68.60-71.10-

-7 1.60-73.55-

-74.25-77.80-

Boston

+70.25-72. 15

+72.20-75.55

+75.65-82.15

New Haven(a)

71.00-72.30-

74.50-75.7s-

-79.30-81.25-

Norfolk

+70.25-73.80+

+73.00-77.85

-75.90-83.70

Philadelphia

+70.05-70.70

+72.65-74.80

+76.70-79.70

Pottland,ME(d)

7 1.70-71.70

74.90-75.20

80.80-81.70

Chicago

+8 1.05-82.75

+83.86-83.86+

+88.55-90.75

Dallas/Ft.Worth(d)t69.00-70.40+

+72.25-73.40+

+77.00-79.90+

Houston

+68.80-69.20+

+72. IO-72.45+

+76.40-78.20+

(a)lncludes oxygenated gasoline. ( d)=Includes branded gar ;oline.

Qatar issues October crude prices

Singupore--QatarGeneral Petroleum Corp has raised its offi- cial crude prices for October by $1.36-1.37/bbl from the pre- vious month, traders said. QGPC set the retroactive price for Qatar Land (Dukhan) crude at $23.llhbl, up from $21.75/bbl for September,while Qatar Marine was set at $23.03hbl, up from $21.66/bbl in September. The retroactive price forQatar Land crudemarks a 61ctshbl premium above the Oman MPM price, while Qatar Marine reflects a 53 ctshbl premium above Oman MPM. In Septem- ber, the premiums over Oman MPM had been 55 cts/bbl and 46 ctshbl for Qatar Land and Marine, respectively.

I

Volume 74, No. 219 Page 6

Platt's Oilgram Price Report Monday, November 11,191

Five-Day RollingAverages *

Prices Effective November 8,1996

GasoilIHeatingOil

 

$lBbl

clGal

Singapore

30.06--30.18

7I .57**71.86

Arab Gulf

28.59-28.67

68.07**68.26

W.C. cargo

27.48--27.88

65.43**66.38

L.A. LS.2

27.93**28.35

66.50-67.50

S.F. LS.2

27.95*'28.37

66.55-67.55

 

$IMT

clGal

0.2

CIF ARA

21 3.00--214.80

68.05**67.76

ENS90 CIF ARA

224.10--226.00

7 1.60**72.20

0.2

Rotterdam Barge

21

1.80--212.50

67.67**67.89

0.2

FOB NWE

204.00--205.80

65.18**65.75

0.2

CIF MED

21

1.00--213.00

67.41**67.19

EN590 CIF MED

223.40--227.40

71.37**72.65

NY Cargo

206.80**207.59

65.65-65.90

NY Barge

207.59**208.37

65.90--66.15

US Gulf Water

194.81**195.73

63.25-63.55

US Gulf Pipe

193.73**194.96

62.90-63.30

Grouo 3

212.98**213.91

69.15--69.45

Carid cargo

196.85-197.78

63.30**63.60

NYMEX NO. 2

208.73

 

66.26

Naphtha

 

$/Bbl

cIGal

Singapore

22.06--22.16

52.52**52.76

 

QMT

clGal

Japan c/F

212.40--214.20

56.19**56.67

Arab Gulf

187.87--189.67

49.70**50.18

CIF NWE Physical

218.20--220.20

57.72**59.51

Rotterdam Barge

215.20--217.20

56.93**58.70

FOB Med

197.60--199.60

52.28**53.95

CIF Genoa

214.60--216.60

56.77**58.54

US Gulf W

238.65**240.69

64.50--65.05

Carib Cargo

223.97--225.97

61.70**62.25

Jet Kerosene

 

$IMT

c1Gal

ClF NWE Carzo

237.30-

239.30

71.91**72.08

Rotterdam Barge FOB Med

24

219.30--221.30

1.50--242.50

73.18**73.04

66.45**66.66

US Gulf Water

21 9.29**220.28

66.05--66.35

US Gulf Pipe

219.29**220.28

66.05--66.35

Carib Cargo

216.29--217.26

66.96**67.26

NY Cargo

223.41**224.24

67.70--67.95

LA Pipeline

212.77**216.28

66.70--67.80

Group 3

228.25**229.25

68.75--69.05

Chicago

227.92**228.9I

68.65--68.95

Gasoline,lntl. Market c/Gal Prem $/Mt

CIF ARA 0.15 Rotterdam Barge 0.15 FOB NWE 0.15 FOB Med 0.15 CIF Med 0.15

66.04**66.89

23 1.80--234.80

64.10**64.90

225.00--227.80

63.19**64.05

22 1.80--224.80

63.70**64.56

223.60--226.60

66.55**67.41

233.60-236.60

Gasoline, Gasoline, U.S.Market U.S.Market

Cargo

NY Cargo

NY NY Barge Barge US US Gulf Gulf Water Water

NY

US US Gulf Gulf Pipe Pipe

Group Group 3

LA LA Pipeline Pipeline

SF Pipeline

Chicago

NYMEX Unl

3

Low Sulfur Resid Fuel Oil

Singapore LSWR Mixedcracked

CIF ARA 1%

Rot Bar 1% NWE FOB 1%

MedFOB 1% NY Cargo .3% HP

NY

Cargo .3% LP

NY

Cargo .7% Max

NY Cargo I% MU US Gulf .7% US Gulf 1%

Unleaded Unleaded

65.20--65.60 65.20--65.60

65.9.5-66.40 65.9.5-66.40

65.50--66.90 65.50--66.90

65.IO--66.50 65.IO--66.50

68.55--68.90 68.55--68.90

S8.80--59.80 S8.80--59.80

56.3.5-57.40

70.25--70.55

64 35

$IBbl

Premium Premium

70.40--70

70.40--70.75

70.90--71:21 70.90-71.25

67.7569.15 67.7569.15

67.35--68.75 67.35--68.75

72.35-72.70 72.35-72.70

63.25.-64.25 63.25.-64.25

61

72 go--% iS

75

60.42

64

$IMt

18.08--18.19

121.14**121.87

19.75**19.91

126.40- 127.40

19.03**19.05

12 1.80--123.80

18.66**18.52

119.40--120.40

18.64**18.66

119.30--121.30

21.01--21.26

140.77**142.44

22.55 -22.80

151.09**152.76

19.43-19.68

126.30**127.92

19.27--19.52

125.26**126.88

18.25--18.50

116.62**118.22

17.80--18.05

113.74**115.34

Hi Sulfur Resid Fuel Oil

$/Bbl

$lMt

Singapore 180

17.85**17.98

116.00--116.90

Singapore 380

17.34**17.48

111.00--111.90

Arab Gulf 180

16.77**16.91

107.35--108.25

CIF ARA 3.5%

17.52**17.64

110.40--112.00

NWE FOB 3.5%

16.25**16.38

102.40--104.00

Med FOB 3.5%

16.87**17.06

106.30--108.30

CIF Med 3.5%

18.52**18.69

116.70--118.70

NY Cargo 2.2%

18.61--18.86

119.10**120.70

NY Cargo

3.0%

17.05--17.40

109.12**111.36

US Gulf 3%;

I 6.22--16.47

103.81** 105.41

Carib 2.0%

17.51-17.76

112.06**113.66

Carib 2.8%

16.20- 16.53

103.68**105.79

Crude Oil, FOB Source

$lBbl

West Texas Int

22.77--22.80

NYMEX Crude

22.78

Brent (DTD)

21.81--21.85

Brent (First Month)

22.20-22.25

Dubai

20.36-20.45

Iran (Sidi)

19.93--20.03

ANS (California)

20.45--20.52

WTI Posting Plus

1.94 -1.96

*Five Days ending November 7 Conversions either side of asterisks

Atlantic & Gulf Coast Resid

 

No. 4 Fuel

No. 6 Fuel

New York

0.3%

29.90-30.30

0.3%

27.20-27.85-

Albany

1.5

-27.65-28.95

I

.5

25.95-28.55

1.7

28.15

Baltimore

I .o

-27.25-29.00

1.o

-24.35-25SO

Boston

0.5

32.25-34.50

0.5

26.50-29.95

1.o

31.00-33.25

1.o

25.00-28.00

2.2

2.2

22.75-25.00

Charleston

I .7

-26.60-26.60-

2.1

23.523.I5

Jacksonville

I .7

-26.85

1.7

23.05

 

2.5

22.55-22.55

Mobile

2.2

16.50

New Haven

1.o

-27.85-31.25

I

.o

-24.80-26.00

Norfolk

1.7

-26.60-31.25

2.1

24.95-26.50

Philadelphia

0.5

25.25-28.35-

0.5

22.75-26.05-

Portland

1.s

32.25-33.20

2.5

24.00-27.25

Providence

1.o

29 .OO-33.25

1.O

25.00-28.00

Tampa

0.5

21.oo

2.5

18.40

Wilmington

1.7

-26.60-28.00

2. I

23.15-24.15

Contract Cargo Prices

No. 2 Fuel Barge

clGal

77.50-78.75(a)

 

No. 6 Fuel Cargoes

 

$/Bbl

Company

EffDate 0.3pct

O.5pct

I.0pct

2.2pct

2.8pct

Coastal

10/08

27.25

26.75

25.25

22.00

20.75

Global

09/20

29.00

28.00

27.00

21.75

20.55

Hess

05/10

25.00

23.50

23.00

Apex

06/18

18.50

17.50

Sprague

06/24

26.50

25.50

Northeast

11\04

28.00

27.25

25.50

28.25

Ranges(b)

0.3pct

27.25-28.OO

 

0.Spct

26.50-27.25

I .Opct

25.25-25.50

2.2pct

21.75-22.00

2.8pct

20.55-20.55

All prices delivered, N.Y. Harbor. Residual fuels are low pour.

(a)Barge prices, FOB Terminal. Some suppliers grant TVAs. (b)Ranges excluded low and high for each grade.

Platt's Oilgram Price Report Monday, November 11,1996 Volume 74, No. 219 Page 7 Prices Effective
Platt's Oilgram Price Report Monday, November 11,1996
Volume 74, No. 219 Page 7
Prices Effective November 8,1996
Spot Crude Price Assessments
~~
~~
~~
U.S.
International
$/Bbl WTI(DEC)
+23.63-23.65+
$/Bbl Brent(N0V)
+23.14-23.25+ Dubai(DEC)
+23.26-23.28+ Dubai(JAN)
+22.86-22.88+ Dubai(FEB)
+22.90-22.94+ Oman(DEC)
+2 I. 16-21.23+
WTI(JAN)
+23.43-23.47+
Eugene Island
+22.36-22.42+
Brent(DEC)
+20.91-20.95+
WTI Midland
+23.64-23.67+
+20.57-20.61+
Brent(JAN)
+20.49-20.57+
WTS
+22.02-22.06+
Line 63
THUMS
17.56-17.6016.23-16.27
Brent(DTD)
+2 I .7S-21.EO+
LLS
+24.30-24.33+
Kern River
Forties
+22.95-23.04+
Oman "MPM"
0.10-0.11
HLS
+24.34-24.38+
Ekofisk
+22.95-23.04+
Ural (Med)
+22.15-22.21+
Wyo. Sweet
+23.56-23.62+
ANS(Cal)
P-Plus Line 63
+21.31-21.37+
1.00-1.05
Statfjord
+22.97-23.04+
Ural (Rdam)
+22.30-22.39+
P-PIUSWTI
-1.84-1.86-
Oseberg
+23.12-23.18+
Es Sider
+22.95-23.04+
Flotta
+22.09-22.IS+
Iran Lt(Sidi)
+2 1.67-21.77+
Forcados
+23.41-23.47+
Iran Hvy(Sidi)
+21.17-21.27+
Pacific Rim $/Bbl
Spread
+23.30-23.39+
Suez Blend
+20.75-20.84+
BQ
Tapis
+24.25-24.30
1.00-1.20
Cabinda
+21.18-21.24+
Pap. Tapis(DEC ) +23.05-23.15+
Pap. Tapis(JAN ) 22.70-22.80
Thevenard+24.70-24.75
1.50-1.60
Labuan
+24.35-24.40
Griffin
+23.25-23.30
0.0.5-0.15
Miri
+24.25-24.30
Cossack
23.40-23.50+
0.20-0.25
Canada
Par Crude
Mixed Lt. Sr
Bow River/
Hardisty
CD$/CM
US$/BBL
Gippsland
t22.95-23.00
Kutubu
23.45-23.55+
0.25-0.30
18.5.75-187.75
+22.18-22.42+
Jabiru
+24.40-24.45
Nanhai
+23.25-23.30
0.05-0.15
170.00-172.00
+20.30-20.54+
Daqing
+22.70-22.80+
NW Shelf +23.10-23.20+
0.50-0.60
154.00-156.00
+I 8.39-18.63+
Shengli
+21.30-21.40+
Spread Vs. ICP
Minas
+22.50-22.60+
0.35-0.45
Cinta
Spot PriceAssessments
Attaka +23.70-23.80+
0.50-0.60
Duri
Arun
+22.55-22.65+
0.35-0.45
Widuri
Ardjuna +22.65-22.75+
0.35-0.45
Belida
Latin America, FOB
Handil
+22.15-22.25+
0.25-0.35
Lalang
Spread Vs. ICP
+21.75-21.85+ 0.35-0.45
+2 1.05-21.15+ 0.50-0.60
+21.70-21.EO+ 0.35-0.45
+23.75-23.85+ 0.60-0.70
+22.40-22.50+ 0.30-0.40
$/Bbl
Argentina
Ecuador
Gasoline 84
+30.77-30.87+
FO
1S%S
-18.16-18.31-
Latin America Crude $/Bbl
Gasoil +
29.40-29.82+
FO 1.7%S
-17.86-18.06-
Canadon Seco
+21.18-21.25+
Escalante
+20.53-20.59+
FO 0.6%S
+17.96-i8.16+
Medanito
+22.18-22.25+
Loreto
+I 9.33- 19.SO+
Brazil
Peru
Oriente
+I 8.72-18.8I+
Cano Limon
+22.13-22.20+
FO 0.4%S
+20.05-20.15+
Naphtha
+27.00-27.IO+
Vasconia
+21.48-21.55+
Cusiana
+23.53-23.60+
Colombia
FO 0.9%S
+16.98-l7.13+
FO I.S%S
17.88-17.98
FO 1.4%S
+16.13-16.18+
Arab Gulf, FOB
Group Three
$/MT
Naphtha
+190.40-I92.40+
13.5
RVP
HSFO
180cst
+I 10.35-110.85
c/Gal
Unleaded
Prern. Unleaded
No. 2
LS No. 2
Jet Fuel
+69.00-69.50+
$Bbl
Kerosene
28.75-28.80
+7 2.25-72.75+
Gasoil
-28.95-29.05
+7 1.00-71.25+
+72.50-73.00+
+7 1.75-72.25+
SingaporelJapan Cargoes
C&F Japan
Singapore
+26.00-26.IO+
Chicago Pipeline
$/Bbl
Mogas Unl
Mogas 92 Unl
~24.15-24.20+
13.5
RVP
Mogas
95
Unl
+25.00-25. IO+
clGal
Unleaded
87
-7 1.25-71.75
Mogas 95
Unl
Pap.(DEC )
+24.80-2S.00+
Unleaded 89
Prem. Unl 92
-72.25-72.75
Mogas 95 Unl Pap.(JAN )
Mogas 97 Unl
+24.50-24.80+
-73.75-74.25-
+25.75-25.85+
RBOB
-72.25-72.75
$IMT
MTBE
270.00-275.00-
Jet Fuel
No. 2
LS No. 2
+72.00-72.25+
Naphtha
+215.00-217.00+
+22.40-22.50+
+71.00-71.25+
Naphtha 30-45
+218.00-219.00+
+72.50-73.00+
Naphtha 45-60
+216.00-217.00+
Naphtha 60-75
+215.00-215.50+
Gas Liquids
Mont Belvieu
Conway
$/Bbl
Kerosene
31.55-31.65
-30.05-30.30+
clGal
Ethane
+28.15-29.25+
Gasoil "Cracked"
-31.60-31.70
EthandPropane
29.75-30.25+
Gasoil "Pure"
-32.10-32.25
Ethane Purity
31.00-31.50+
Gasoil O.S%S
-30.35-30.70+
Propane
+s 1.50-52.00+
-52.00-s2.50-
Propane 'ET
+5 1.75-52.25+
Gasoil l.O%S
Gasoil LoPr
LSWR Mixedcracked
Naphtha Pap.(DEC )
Naphtha Pap.(JAN )
Kerosene Pap.(DEC )
-30.15-30.50+
-30.35-30.70+
Normal Butane
+54.50-54.75+
53.75-54.25
+18.40- 18.50+
Butane TET
+54.00-54.25
+21.70-21.85+
Isobutane
+SS.S0-56.00+
55.25-55.75
+21.SO-21.60+
Natural Gasoline
57.00-57.50
-30.10-30.20-
Natural Non-Warren
+56.00-56.50+
Kerosene Pap.(JAN ) -30.05-30.15-
Natural Warren
+57.00-57.50+
Gasoil
Pap.(DEC )
-29.60-29.70-
-29.00-29.IO-
$/MT
Gasoil Pap.(JAN )
FO I80 cst 2%
+124.00-124.50
South China,C&F
South China
Hong Kong
HSFO
180cst
+128.25-128.75
380cst
+1!9.00-1 19.50
+114.00-I 14.50
$/MT
HSFO
Mogas 90 0.4 G/L
Mogas 83 0.4 G/L
Mogas 70 0.4 G/L
Jet Kerosene
Gasoil UP 0.510s
+223.00-230.00+
HSFO
)
+I I 7.SO- 118.OO
+215 0G-220.00+
HSFO
180cst Pap.(DEC
l80cst Pap.(JAN )
+116.00-116.50
+208.00-2!5.00+
-24 1.00-245.00-
+234.00-236.00+
Fuel
Oil 180 cst
+!25.00-125.50
132.00-135.00
Fuel
Oil 380
cst
+120.00-120.50
- 128.00-130.00
Marine Diesel
-220.00-223.00
Caribbean Cargoes, FOB
Naohtha
Jet'Kerosene
Gasoil
WMT
c/Gal
+228.69-231.41+
+63.0n-A? 75s
" <,.I.I J
I
+224.25-225.88+
+69.00-69.50+
+204.60-206.15+
+66.00-66.50+
$/Bbl
No.6 2.0%S
17.6.5-17.90
No.6 2.8%S
+16.65-17.15+

Volume 74, No. 219 Page 8

Platt’s Oilgram Price Report Monday, November 11,1996

Spot Price

Assessments prices made by the Oilgram staff based

on transactions and market informa- tion from sources deemed reliable and

An assessment of cargo and barge

Prices Effective November 8,1996

active in the marketplace All U S gasoline quotes represent nonoxygen- ated product unless otherwise-id- cated.

~

~

~~~

European Bulk

 

Cargoes

FOB Med

Cargoes CIF

Med Basis

Cargoes

CIF NWE

 

Barges

FOB

Cargoes

FOB

 

Basis Italy

GenodLavera

Basis ARA

Rotterdam

NWE

$/MT

Prem

0.15G/L

-219.00-222.00-

-229.00-232.00-

-228.00-231.00-

 

219.00-222.00-

.-234.00-237.00-

-218.00-221.00-

Prem

Unl

-216.00-219.00-

-226.00-229.00-

-225.00-228.00-

216.00-219.00-

215.00-218.00-

Reg Unl

-214.00-217.00-

208.00-209.00-

204.00-207.00-

MTBE

.-289.00-292.00-

Naphtha Physical

+199.00-202.00+

+216.00-219.0O+

+219.00.222.00+

 

+

216.00-219.00+

Naphtha Swaps

 

+2L 1.00-212.50+

 

Jet Kerosene

222.00-224.00

240.00-242.00

 

242.00-243.00

23 1.00-233.00

Gasoil EN590

216.00-219.00

225.50-229.50

-224.00-226.00

+23 1.50-233.50+

215.00-217.00

Gasoil

0.2

+207.50-209.00+

+216.50-218.50+

+218.00-220.00+

+219.00-22O.OO+

+209.00-211.00+

1% Fuel Oil

+122.50-124.00+

+132.50.134.00+

+129.50.130.50+

121.00-123.00

+122.50-123.50+

3% FuelOil

109.00-111.00

 

101.00-103.00

3.5% Fuel Oil

+106.00-108.00+

+I 16.00-118.00+

109.00-111.00

 

+109.50-110.50+

101.00-103.00

380

CST

+11 1.00-112.00+

E4 Feedstock M-40 Feedstock

 

+15.00-16.00+

19.00-20.00

 

0.5%-0.7% Straight Run

 

+141.00-143.00+

0.2

PCT Gasoil does not include -5 -15 spec.lPE Average (Nov) +220.00. IPE Average (Dec) 21 1.00+.

 

NewYorklBoston

 

Cargo

Barge

US. Gulf Coast

 

Waterborne

Pipeline

15.0 RVP

Unl 87

+66.25-66.75+

+67.50-68.25+

13.5

RVP

Unl87 RFG +66.75-67.50+

+68.00-68.75+

c/Gal

Unl87

 

+68.25-68.50+

+67.75-68.00+

Unl 87 RFG OXY +69.00-69.50+

+69.75-70.25+

Unl87 RFG

 

+69.75-70.00+

+69.25-69.50+

Unl

87 (Boston)

+67.75-68.50+

Unl89

 

+69.25-69.50+

+68.75-69.OO+

Unl 87 (Boston RFG)

+68.25-69.75+

Unl89 RFG

 

+70.75-71.00+

+70.25-70.50+

Unl89

+69.25-69.75+

+69.75-70.25+

 

Prem

UnlY2

+7 0.25-70.50+

+69.75-70.00+

Unl89 RFG

+68.75-69.50+

+70.00-70.75+

Prem Unl92 RFG

+71.75-72.00+

+71.2S-71.50+

Unl 89 RFG OXY +71.25-71.75+

+71.75-72.25+

Prem Unl93

+70.75-71.00+

+70.25-70.50+

Super Uni

93

+72.75-73.00+

+73.25-73.50+

Prem Unl93 RFG

+72.25-72.50+

+71.75-72.00+

Super Unl 93 RFG

+73.00-73.50+

+73.50-74.00+

MTBE

85.50-86.50

Super Unl 93 RFG OXY +74.50-74.75+

+75.00-75.25+

Naphtha

+66.00-66.75+

Jet Fuel +70.25-70.50+

+70.75-71.OO+

JetIKero 54

+68.25-68.75+

LS

Jet/Kero +7 1.50-71.75+

+72.00-72.25+

Jet/Kero 55

+68.75-69.25+

LS Jet/Kero(Boston) +72.00-72.25+

 

No. 2

+65.75-66.25+

No. 2

+68.00-68.25+

+68.25-68.50+

 

LS No. 2

+67.75-68.25+

LS No. 2 +70.25-70.50+

+70.50-70.75+

$/B bl

No. 6 0.7%S

17.75-18.00

No. 2 (Boston)

+69.50-69.75+

No.

6

I.O%S

8 API

17.30-17.55

$/Bbl

LS No. 2 (Boston) +71.50-71.75+

+21.00-21.25+

+21.25-21.50+

 

No.

No. 6 3.0%S

6

1.08s

10.5 APJ

17.50-17.75

+16.40-l6.90+

17.00-17.25

17.15-17.40

17.00-17.25

 

No. 6 0.3%SHiPr No. 6 0.3%SLoPr

+22.50-22.75+

+22.50-22.75+

No. 6 3.O%S Pap. 1st M

No.

No.

No. 6

6 0.7%S Max

+19.50-19.75+

+19.50-19.75+

No. 6 3.O%SPap. 2nd M

6 1%S Max

+I 9.25-19.50+

+19.25-19.50+

No. 6 3.O%S Pap. Qtrly

2.2%S Max

18.75-19.W

18.50-18.75

15.0

RVP

Supplemental--NorthernGrade Gasoline

No. 6 2.2%S Max (Bstn)

18.85-19.10

c/Gal

Unl 87 RFG

 

+69.25-69.50+

No. 6 3.0%SMax

+17.50-ROO+

+17.75-18.00+

 

No. 6

I.O%S Pap.

1st M +21.00-21.25+

 

No. 6 I.O%S Pap. 2nd M +22.00-22.25+ No. 6 I.O%S Pap. Qtrly +20.00-20.50+

 

Conventional gasoline assessments reflect the 32nd cycle. RFG as- sessmentsreflect the 32nd c cle US No.2 assessments reflect the 31st

West Coast Waterborne

 

cycle. No.2 assessments refLct ;he 31st cycle. Jet assessments reflect the 32nd cycle.

c/Gal

Unleaded 87

No. 6 OS%S

+56.50-57.50+

West Coast Pipeline

 

$/Bbl

Jet Fuel Gasoil

+66.25-67.25+

28.00-28.40

18.50-19.00

California

c/Gal

Unl87

CARB Unl

Los Angeles(a)

+58.25-59.25+

+62.25-63.25+

San Francisco(b)

55.50-56.50

59.50-60.50

No. 6 I.O%S

17.25-17.75

Prem Unl92

+62.75-63.75+

+60.00-61.00+

 

CARB Prem

+66.25-67.25+

+63.50-@.SO+

Jet Fuel

+67.50-68.50+

+67.25-68.25+

LS No. 2

+66.50-67.50+

+66.50-67.50+

CARB Diesel

-73.25-74.25-

-69.OO-70.00-

 

$/MT

180 cst

123.00-126.00

 

380 cst

+I 18.00-121.00+

 

Northwest

Portland(c)

Seattle(d)

clGal

Unl 87

 

59.50-60.50

58.50-59.50

 

Prem Unl92

66.00-67.00

65.00-66.00

Jet Fuel

 

72.00-73.00

LS No. 2

 

73.00-73.75-

72.00-73.00

I Superfund tax in 1996

 

$/MT

180 cst

+122.00-125.00+

1l8.oO-l2l.00

 

380

cst

- I1 8.00- 12 1.00

+I 16.00-119.00t

9.7 ctshbl expired as of

December 31, 1995. Therefore, as of January 2, 1996 Platt’s

US spot market assessment for refined products and Platt’s wholesale rack prices no longer include the Superfund tax.

Autliorization for the Superfund tax

of

(a)=RVP is 7.8, CARB is 11.5. (b)=RVP is 12.5, CARB is 13.5. (c)=RVP is 15.5. (d)=RVP is 15.5.

Prices Effective November 8,1996

Platt’s Oilgram Price Report Monday, November 11,1996

Volume 74, No. 21 9 Page 9

Feeder crude prices effective November 1 - November 7

YIELDS

NETBACKS

SPOT

OPEC

at

at

at

at

from

from

CRUDES

USGlf

R’dam

S’por

Italy

OSP

USGlf

R’dam

Arun

25.33

27.03

26.44

25.96

23.22

22.70

25.26

Saharan Blend

 

26.75

26.34

26.42

25.66

N.A.

25.23

25.68

Brass River

27.43

27.15

27.32

25.97

22.44

25.75

26.17

Es Sider

25.88

25.10

24.94

24.22

21.91

24.32

24.34

Zueitina

26.67

26.39

26.63

25.18

22.26

25.07

25.65

Zarzaitine

26.45

25.93

25.67

25.01

N.A.

24.92

25.26

L. Zakum

25.16

25.85

25.77

24.69

23.85

22.89