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Annual report 2012 www.recope.com
AVERAGE PRICE OF BRENT CRUDE, PRODUCTS AND BIOFUELS
YEAR 2012 (SEPTEMBER PERIOD VERSUS JANUARY-DECEMBER)
Source: International Trade Fuels. Platts / DCC: Prices of biofuels records
began in January 2008.
the year a little above US $107/bbl. In regard to ultra low diesel
sulfur the maximum price was submitted in March (US $140/
bbl) and the minimum value in June (US $109.33/bbl), closing
in the last 15 days of the year with an average price above US
$124 per barrel.
The factors affecting high pricing during the last quarter of 2012
were diverse: the Syria-Turkey conflict, the Israel-Gaza elections
in early November and the effect of Hurricane Sandy on the
east coast of the United States, leaving some refineries out of
operation for weeks due to a consequent drop in inventories
such as gasoline. The most influential event was the end of the
fiscal year (the “Fiscal cliff” - an agreement between Democrats
and Republicans on the 31st of December, 2012).
The table belowcompares the average prices in the international
market for products such as Brent benchmark crude, LPG, Petrol
and Diesel 87 UNL 0.05% S) on the 31st of December 31, 2012,
and bio-fuel alternatives.