Market overview

Shell realised prices									Year average
	2015		2014		2013		2012		2011
	SUBS	JV&A	SUBS	JV&A	SUBS	JV&A	SUBS	JV&A	SUBS	JV&A
Crude oil and natural gas liquids ($/b)
Europe	49.77	45.97	94.57	89.68	105.23	99.27	108.13	104.60	106.77	103.97
Asia	47.73	52.21	89.47	96.85	96.46	70.34	107.76	67.33	103.73	62.81
Oceania	43.39	50.01	82.26	88.07	90.50	91.91	91.62	90.14	92.38	99.74
Africa	51.80	–	100.55	–	110.14	–	112.45	–	111.70	–
North America – USA	44.99	–	87.90	–	98.10	–	103.59	110.00	104.93	109.49
North America – Canada	25.45	–	59.19	–	63.14	–	68.31	–	70.72	–
South America	42.38	–	88.68	–	97.17	94.01	100.01	97.33	100.44	97.76
Total	47.52	51.82	91.09	95.87	99.83	72.69	107.15	76.01	105.74	73.01
Natural gas ($/thousand scf)
Europe	7.10	6.46	8.58	8.26	10.29	9.17	9.48	9.64	9.40	8.58
Asia	3.02	7.06	4.57	11.50	4.51	10.73	4.81	10.13	4.83	8.37
Oceania	6.80	6.73	10.49	11.01	11.55	9.45	11.14	9.48	9.95	10.09
Africa	2.10	–	2.71	–	2.84	–	2.74	–	2.32	–
North America – USA	2.39	–	4.52	–	3.92	–	3.17	7.88	4.54	8.91
North America – Canada	2.29	–	4.39	–	3.26	–	2.36	–	3.64	–
South America	2.46	–	2.85	–	2.91	0.42	2.63	1.04	2.81	0.99
Total	4.07	6.77	5.68	9.72	5.85	9.72	5.53	9.81	5.92	8.58
Other ($/b)
North America – Synthetic crude oil	40.87	–	81.83	–	87.24	–	81.46	–	91.32	–
North America – Bitumen	30.25	–	70.19	–	67.40	–	68.97	–	76.28	–