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Market overview 2007–2011

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SHELL REALISED PRICES

YEAR AVERAGE

 

2011

2010

2009

2008

2007

 

SUBS

EAI

SUBS

EAI

SUBS

EAI

SUBS

EAI

SUBS

EAI

[A]

Estimate based on publicly available data.

[B]

Includes bitumen.

Oil and NGL ($/b)

 

 

 

 

 

 

 

 

 

 

Europe

106.77

103.97

73.35

83.24

55.53

56.97

89.28

86.33

68.45

73.12

Asia

103.73

62.81

76.21

44.27

57.50

36.53

95.92

49.78

67.49

53.53

Oceania

92.38

99.74[A]

67.90

78.05[A]

50.47

56.16[A]

85.92

99.99[A]

72.70

78.29[A]

Africa

111.70

 

79.63

 

61.45

 

98.52

 

72.92

 

North America –
  USA

104.93

109.49

76.36

74.27

57.25

56.24

97.95

89.74

66.49

64.45

North America –
  Canada

70.72

 

53.23

 

39.26

 

67.07[B]

 

50.27[B]

 

South America

100.44

97.76

69.99

63.57

57.76

58.00

79.42

82.25

63.09

71.21

Total

105.74

73.01

75.74

52.42

57.39

42.49

92.75

63.59

67.99

59.23

Natural gas ($/thousand scf)

 

 

 

 

 

 

 

 

Europe

9.40

8.58

6.87

6.71

7.06

8.17

9.46

10.87

7.24

8.54

Asia

4.83

8.37

4.40

6.55

3.61

4.26

4.67

7.06

3.46

3.15

Oceania

9.95

10.09

8.59

8.79[A]

5.29

3.94[A]

2.96

4.13[A]

2.22

1.81[A]

Africa

2.32

 

1.96

 

1.71

 

1.67

 

1.20

 

North America –
  USA

4.54

8.91

4.90

7.27

4.36

5.02

9.61

12.15

7.23

9.85

North America – 
  Canada

3.64

 

4.09

 

3.73

 

7.71

 

5.90

 

South America

2.81

0.99

3.79

 

3.18

 

4.37

 

3.58

 

Total

5.92

8.58

5.28

6.81

4.83

6.73

6.85

9.63

5.14

6.83

Other ($/b)

 

 

 

 

 

 

 

 

 

 

North America –
  Bitumen

76.28

 

66.00

 

50.00

 

 

 

 

 

North America –
  Synthetic
  crude oil

91.32

 

71.56

 

56.23

 

 

 

 

 

North America –
  Minable oil sands

 

 

 

 

 

 

88.98

 

61.97

 

OIL AND GAS MARKER INDUSTRY
PRICES

$/b

Oil and gas marker industry prices ($/b) for Brent, WTI, JCC and Henry Hub ($/MMBtu) – development from 2007 to 2011 (line chart)
CHEMICAL MARGINS
$/tonne
Chemical margins ($/tonne) for US ethane, Western Europe naphtha and East Asia naphtha – development from 2007 to 2011 (bar chart)

[A] Based on available market information at the
     end of the year.
 

REFINING MARKER INDUSTRY GROSS MARGINS
$/b
Refining marker industry gross margins ($/b) for US West Coast, US Gulf Coast, Rotterdam and Singapore – development from 2007 to 2011 (bar chart)

[A] US Gulf Coast margin up to and
     including 2009.
[B] Rotterdam Brent up to and including 2009.