Market overview

Shell realised prices

Year average

 

2017

2016

2015

2014

2013

 

SUBS

JV&A

SUBS

JV&A

SUBS

JV&A

SUBS

JV&A

SUBS

JV&A

Crude oil and natural gas liquids ($/b)

 

 

 

 

 

 

 

 

 

 

Europe

50.52

46.88

38.62

40.75

49.77

45.97

94.57

89.68

105.23

99.27

Asia

49.08

53.44

38.11

43.95

47.73

52.21

89.47

96.85

96.46

70.34

Oceania

45.64

36.64

33.76

43.39

50.01

82.26

88.07

90.50

91.91

Africa

53.39

42.73

51.80

100.55

110.14

North America – USA

47.23

37.50

44.99

87.90

98.10

North America – Canada

36.00

25.76

25.45

59.19

63.14

South America

48.10

38.58

42.38

88.68

97.17

94.01

Total

49.00

53.23

38.60

43.58

47.52

51.82

91.09

95.87

99.83

72.69

Natural gas ($/thousand scf)

 

 

 

 

 

 

 

 

 

 

Europe

5.48

4.77

4.75

4.19

7.10

6.46

8.58

8.26

10.29

9.17

Asia

2.84

5.45

2.32

4.63

3.02

7.06

4.57

11.50

4.51

10.73

Oceania

6.21

3.11

5.31

4.33

6.80

6.73

10.49

11.01

11.55

9.45

Africa

2.44

2.33

2.10

2.71

2.84

North America – USA

3.00

2.21

2.39

4.52

3.92

North America – Canada

1.85

1.71

2.29

4.39

3.26

South America

2.29

1.83

2.46

2.85

2.91

0.42

Total

3.83

5.11

3.16

4.41

4.07

6.77

5.68

9.72

5.85

9.72

Other ($/b)

 

 

 

 

 

 

 

 

 

 

North America – Synthetic crude oil

45.90

37.61

40.87

81.83

87.24

North America – Bitumen

34.46

25.74

30.25

70.19

67.40

Oil and gas marker industry prices

$/barrel

$/

Oil and gas marker industry prices (in $/barrel) for Brent, WTI, JCC – ($/MMBtu) for Henry Hub – development from 2013 to 2017 (line chart)

[A] Japan Customs-cleared Crude is based on available market information at the end of the year.

Industry refining margins [A]

$/barrel

Industry refining margins (in $/barrel) for US West Coast, US Gulf Coast Coking, Rotterdam Complex and Singapore – development from 2013 to 2017 (bar chart)

[A] Refining industry margins do not represent the actual Shell realised margins for the periods.

Industry chemicals margins [A]

$/tonne

Industry chemicals margins (in $/tonne) for US ethane, Western Europe naphtha, North-east/South-east Asia naphtha – development from 2013 to 2017 (bar chart)

[A] Refining industry margins do not represent the actual Shell realised margins for the periods.

MMBtu
million British thermal units
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