Platt’s Guide to Petroleum Specifications

This is the 1999 version of the annually updated Platt’s guide to petroleum specifications. It details the main quality and timing parameters that Platt’s editors use in assessing world crude and products markets. Aspects of Platt’s methodology are also covered.

Any changes to specifications made between editions will be announced in Platt’s Oilgram Price Report, in various Platt’s fax and telex services and in Platt’s Global Alert.

Table of Contents

Introduction   page 1
A Note on Terminology   page 2
Products Specifications   page 6
Crude Oil Specifications   page 25
Conversion Factors   page 67
Glossary of Terms   page 74
Platt’s Product Listing   page 81
Copyright Standard & Poor's Platt's 1999

INTRODUCTION

The comments that follow in the detailed sections on specifications are intended as a guide to the basic parameters of Platt’s assessments. They should only be read as an aid to interpreting Platt’s assessments. It should also be noted that specifications may be altered in the future as trading patterns change.

There are general principles that underlie Platt’s approach to market reporting. For example, Platt’s generally looks for fixed-price spot transactions, confirmed bids and offers, market talk and relationships, if any, with other markets. Platt’s reporters also generally look at the characteristics of individual markets and the foregoing methodology may be adapted especially in cases where fixed-price liquidity is lacking.

Assessments are always based on information available at the time of publication. Retroactive corrections will only be made thereafter when typographical errors, computer problems and the like have occurred. Retroactive corrections will not be made where new market information subsequently comes to light.

Platt’s neither encourages nor solicits companies or individuals to use its price data in contractual arrangements.

A note on market reporting terminology

Some of our subscribers have asked us to clarify the terms and phrases which reporters use in their market commentary. This note is offered in response as a guide to the general language of market reports. Technical terms are covered in the glossary of this Guide to Specifications.

The most common issue relates to the use of words to describe the sourcing of published information.

Platt’s reporters make every attempt to verify all market information before publication. As a news service, Platt's reserves the journalistic right not to publish information which does not seem credible. But there are times when we run across information of interest to the market which we are not immediately able to confirm. Our reporters take care to signal in print the extent of the confirmation we've been able to obtain.

Here is an example:

--London 1600 GMT: Nov 21-24 Urals ex-Gdansk heard done at dated minus 83 cts for 120kt CIF Rotterdam.

The presence of the word “heard,” in this case, indicates we do not have satisfactory confirmation of the business.

The use of words such as “heard,” “confirmed,” “reported” and so on, reflects a broad code of understanding about the sourcing of published information. "Heard" generally means that the deal information is unconfirmed, "reported" means that the information has been reported by one party to the deal, while "confirmed" would mean that the deal had reported by both parties.

The absence of such qualifying terms generally means the reporter has confirmed the business to their satisfaction. Eg

--1055 GMT: Gasoil barges done at Dec -4 FOB R'dam for refinery material

If there any doubts about the meaning of any Platt’s story or market commentary, readers are encouraged to contact the editors directly. In most cases we will be happy to clarify anything which is unclear. As professional reporters, however, we will under no circumstances reveal the sources of our information, nor will we divulge details of any business that is reported to us on a private and confidential basis.

November 1998

Products Specifications

PRODUCTS—ASIA

General Terms and Conditions All Asia-Pacific/Arab Gulf product assessments are assessed up until 1730 Singapore standard time. Transactions and bids/offers after 1730 Singapore time deadline will not be taken into account. All Singapore assessments are FOB.

Price Units All product prices are in US dollars. Singapore fuel oil and MTBE are quoted on a dollars per metric ton basis but all other products are quoted on a dollars per barrel basis. For Japan and the Arab Gulf both naphtha and fuel oil are quoted in dollars per metric ton but all other products are quoted on a dollars per barrel basis.

Gasoline Platt’s quotes three physical gasoline grades in Singapore and one in Japan: 1 Singapore - 97 research octane number (RON) unleaded grade. The lead content is 0.01 grams per liter (g/l). 2 Singapore - 95 RON unleaded. The trace lead content is 0.01 g/l. 3 Singapore - 92 RON unleaded. The trace lead content is 0.01 g/l. 4 Japan - 91-92 RON unleaded. The trace lead content is 0.01 g/l. RVP for all grades is 9-10 psi. Benzene content for all grades is a maximum of 5 pct. All grades are undyed light yellow.

The most frequently traded cargo size in Singapore is 50,000 bbl. Transactions and bids/offers of a minimum of 50,000 bbl are considered for the assessments. Specific gravity for the gasoline grades quoted is around 0.74 grams per milliliter (g/m). The assessments reflect transactions and bids/offers for barrels loading 15 to 30 days from the date of publication. Market participants should specify loading for a five-day date range. Ten days prior to loading, seller must declare terminal and buyer nominates vessel seven days prior with the loading window narrowed to three days.

The paper gasoline assessment is for 95 RON unleaded grade and reflects transactions for 50,000 bbl. The assessments reflect the value of paper gasoline one and two months ahead from date of publication and are quoted on a full calendar basis. For example, during the month of February, Platt’s would quote March and April paper gasoline over the full course of the month. Paper gasoline is a contract settled “strictly” on a cash basis, as it is a non-delivery financial instrument.

Prices for all gasolines are quoted on a US dollars per barrel basis.

MTBE Minimum 95 pct MTBE. Typically, however, the material runs closer to 98 pct MTBE. RVP is 8-10 psi. Octane is 109 R+M/2. Oxygen is 18.2 pct by weight.

Naphtha Platt’s quotes physical naphtha in Singapore, Japan and the Arab Gulf. The quotes are based on light and full range naphtha with a minimum paraffinic content of 65 pct and specific gravity of 0.69-0.71 g/m. A conversion factor of 9 barrels per metric ton is used. The assessment reflects the typical quality for Singapore barrels and includes a maximum RVP of 13 psi, sulfur maximum content of 800 ppm. The initial boiling point is -25 degrees Centigrade and a final boiling point maximum of 204 degrees C. Chlorine content is a maximum 1 ppm; mercury, maximum is 1 ppb; and arsenic, maximum 20 ppb. Naphtha with a high N+A content typically sold from India and Indonesia isn't included.

The Singapore physical assessment reflects barrels loading 15-30 days from publication, with a minimum volume of 100,000 barrels.

From May 2, 1995, the FOB Singapore naphtha assessment has been based solely on a netback calculation from Japan. On May 2, 1995, Platt’s introduced a new “experimentalnaphtha which reflects spot market activity in Singapore, including any fixed-price business. This will reflect spot market activity in Singapore, including any fixed-price business. When there is none, it takes into account market-related business, the forward paper market, and other indicators. It appears only in Platt’s APAGscan and Platt’s Global Alert. Its name is “Spot Naphtha (Experimental).

The Singapore paper naphtha assessment reflects a minimum of 50,000 bbl paper transactions. Assessments for paper are for one and two months forward and are quoted on a full calendar basis. As an example, during the month of February, Platt’s would quote paper for March and for April. It is a non-delivery contract.

Arab Gulf quotes are assessed on a netback basis from Japan using 55,000mt ship freight rates. Freights reported in the Platt’s clean tanker reports are used. It may also be assessed independently depending on spot cargo movements from competing areas.

C+F Japan forward naphtha quotes represent trade for 30-45 days, 45-60 days, and 60-75 days ahead of publication. Whichever half-month these quotes fall into becomes the label for the quote. As an example, on February 2, Platt’s quoted three cycles: second half March, first half April and second half April. The main quote assesses the market 45 to 75 days from the date of publication. On every 1st and 16th of any given month the quotes will roll-over to the immediately following half-month cycles.

Prices for naphtha in Singapore are quoted on a US dollars per barrel basis. Prices for Japan and the AG are quoted on a US dollars per metric ton basis.

Jet/Kerosene

Arab Gulf and Singapore quotes are based on jet DERD 2494 specifications. Specific gravity is typically 0.8 g/m. Singapore smoke point is typically 19-21, but premiums may be paid for higher smoke point and discounts for lower smoke point. Color reflects minimum 18 Saybolt color guarantee for Singapore.

AG quotes are assessed on a netback basis from Singapore using 55,000mt ship freight rates. Freights reported in the Platt's clean tanker reports are used. It may also be assessed independently depending on spot cargo movement and competing barrels from other areas.

The Japan quote is based on DERD 2494. Color typically sold into Japan is around 20-21.

The Singapore physical assessment reflects transactions, bids/offers of a minimum of 100,000 bbl , maximum 250,000 bbl, loading 15-30 days from date of publication. Market participants should specify loading for a five-day date range. Seven days prior to loading, seller must declare terminal and buyer nominates vessel with loading window narrowed to three days, subject to terminal's acceptance.

The Singapore jet paper assessment reflects a minimum of 50,000 bbl paper transactions. Assessments for paper are for one and two months forward and are quoted on a full calendar basis. As an example, during the month of February, Platt's would quote paper for March and for April. Paper jet kerosene is a non-delivery contract.

Prices for all jet/kerosene are quoted on a US dollars per barrel basis.

Gasoil The Singapore regular 0.5 pct quote represents barrels, with a maximum sulfur of 0.5pct, typical specific gravity of 0.845 g/m and a pour point of 9 deg C maximum. The color represented is maximum 2 and the flash point is minimum 66 degrees Centigrade. Cetane is a minimum 48. Water and sediment is 0.05 pct maximum.

The Singapore 0.5 pct L/P quote is based on gasoil with a pour point below 6 deg C and

0.5 pct sulfur content.

The Singapore 1.0 pct quote has a sulfur content up to 1.0 pct.

The Singapore physical gasoil assessments reflect a minimum of 150,000 bbl, maximum 250,000 bbl, loading 15-30 days from the date of publication. Market participants should specify loading for a five-day date range. Seven days prior to loading, seller must declare terminal and buyer nominates vessel with loading window narrowed to three days, subject to terminal’s acceptance.

The Singapore gasoil paper assessment reflects a minimum of 50,000 bbl paper transactions. Assessments for paper are for one and two months forward and are quoted on a full calendar basis. As an example, during the month of February, Platt’s would quote paper for March and for April. It is a non-delivery contract.

The Arab Gulf gasoil quote is assessed as a netback to Singapore using 55,000mt freight rates. Freights reported in the Platt’s clean tanker reports are used. It may also be assessed independently depending on spot cargo movements and competing barrels from other areas. Sulfur is typically 0.5% max.

The Japan cracked gasoil assessment typically reflects 2.5-2.7 color and 45 minimum cetane index. Japan “pure” gasoil quote represents straight-run barrels, typically less than

0.5 color and 50 minimum cetane index. Both quotes assess 0.5 pct sulfur, -5 deg pour (summer), -10 deg pour (winter) material meeting Japan customs specifications.

Prices for all gasoil assessments are quoted on a US dollars per barrel basis.

Fuel Oil High sulfur fuel oil 180 centistoke (HSFO) quotes are based on cracked fuel with 3.5% sulfur content on a FOB Singapore basis. The typical specifications are as follows: specific gravity at 15 C kg/l is 0.991 maximum; flash point is 66 degrees C minimum; pour point is 24 degrees C maximum; ash on a weight basis is 0.15% maximum; Conradson carbon residue (CCR) on a weight basis is 16%; vanadium is 200 parts per million (ppm) maximum; sodium is 100 ppm maximum; water by distillation volume is 0.50% maximum; sediment by extraction is 0.15% max; and Shell hot filtration test is 0.15% max.

Assessments for 380 CST represent material with a sulfur content of 4% and aluminum and silicon combined content of 80 ppm maximum.

In Singapore, the assessment reflects transactions or bids/offers for parcels of a minimum of 20,000mt, maximum 40,000mt, loading 15-30 days from the date of publication. Market participants should specify loading for a five-day date range. Seven days prior to loading, seller must declare terminal and buyer nominates vessel with loading window narrowed to three days, subject to terminal’s acceptance.

180 CST 2.0 pct sulfur reflects a minimum volume of 20,000mt loading 15-30 days from date of publication. The density is 0.98 maximum and the vanadium 95 ppm and sodium 65 ppm.

The Arab Gulf fuel oil 180 CST quote is assessed as a netback to Singapore using 80,000mt freight rates. Freights reported in the Platt’s dirty tanker reports are used. It may also be assessed independently depending on spot cargo movements and competing barrels from other areas. Density in the AG varies and assessments include 0.96-0.975. C+F Japan may be assessed independently since cargoes flow from various sources.

Prices for all fuel oil assessments are quoted on a US dollars per metric ton basis.

Low Sulfur Waxy Residue–Mixed/Cracked Quote reflects mixed/cracked LSWR with maximum sulfur content of 0.3 pct on a FOB Indonesia/Singapore basis, loading 15-30 days from date of publication. The Indonesian grade typically has a sulfur content of 0.2 pct. A minimum volume of 100,000 bbl will be considered for the assessment. Prices are quoted on a US dollars per barrel basis.

Please note: The LSWR straight-run 0.3%S assessment was discontinued effective April 1, 1996.

Products—China

Gasoline

  1. 90 RON. The lead content is 0.4 g/l. Specific gravity is 0.72-0.73.
  2. 83 RON. The lead content is 0.4 g/l. Specific gravity is 0.72-0.73.
  3. 70 RON. The lead content is 0.4 g/l. Specific gravity is 0.7.

All gasoline quotes are on a C+F South China basis from around the Shenzhen area. Parcel size is 5,000 to 25,000mt. Assessment window is 15-30 days from date of publication. The assessment is based on a low pour point with a maximum 0 deg C and a sulfur content of 0.5 pct.

Gasoil Minimum volume is 100,000 bbl or 10-15,000mt. Ports are South China-Whampoa, Hong Kong, Shenzhen. Deals into other areas are tracked but prices are different. Gasoil into North China may command a higher price due to geographical location. Gasoil into North China has a pour point of less than 0 deg C. Assessment window is 15-30 days from date of publication.

Fuel Oil Two grades are quoted - 180 and 380 CST. Sulfur is 3.5 pct maximum. Density is 0.991 maximum. Metals specs are normal cargo specs. Vanadium is 200 ppm and sodium is 100 ppm maximum. Water is 0.5 pct maximum.

Hong Kong Bunkers: Same specifications as Platt's current bunker specs. Prices reflect for 180 CST, 300-500mt lots. Larger volumes might be reflected at the range low. For 380 CST, volumes are typically 500-1,000mt. MDO typically is for 50-100mt lots. The timing is for material delivered within a week from date of publication. Prices are on a delivered basis and include barging cost.

PRODUCTS—EUROPE

General Terms and Conditions All European product assessments are assessed up until 1830 London time (1830 GMT in winter, 1730 GMT in summer). Transactions and screen movements after this time will not be taken into account.

Price Units All product prices in Europe are in US dollars per metric ton (mt).

Timing Both cargo and barge assessments assume reasonably prompt arrival or lifting, typically between 5 to 15 days from date of publication for cargoes, and typically between 2 to 8 days for barges.

Credit/Payment Terms Payment is prompt or within a few working days of lifting or discharge. Wherever greater credit is given this will be allowed for in the assessments.

Sizes Cargo-Typical cargo size is 17,000 to 25,000mt. However, where smaller or larger cargoes dominate trade for a particular product, these will be considered. For gasoline and jet in Northwest Europe 10,000mt is the typical size. Barge- Typical barge size is 1,000 to 5,000mt. Unless otherwise specified, loading for material covered by ‘Barges FOB Rotterdam’ assessments is assumed to be from refinery or storage in the Amsterdam, Rotterdam or Antwerp area.

Gasoline Unleaded 98-The NWE barge assessments represent German grade with specific gravity of 0.755 g/ml and a maximum benzene content of 1 pct. The MON number is 88.

Premium unleaded-The NWE cargo assessments represent 95 RON German grade material with specific gravity of 0.755 g/ml. The Motor Octane (MON) number is 85. The barge assessments represent 95 RON, 85 MON German grade. The Mediterranean assessments represent 95 RON Italian, French, and Spanish grade.

Premium 0.15 g/l.-Cargoes: The NWE cargo assessment represents a low/high range of German, UK and French grades. The Med cargo assessment represents a low/high range of French, Spanish and Italian grades. The research octane number (RON) for CIF and FOB Northwest Europe is 97-98. The RON for FOB and CIF Mediterranean cargoes is 97.0-97.4. The (MON) motor octane number is 86-88 in Northwest Europe, and 86.0

87.6 in the Mediterranean. The specific gravity for both NWE and Mediterranean assessments is 0.755 g/ml. RVP is as follows: Germany, 8.76-13.14 psi in winter and 6.57

10.22 in summer; UK, 12.5 in winter, 10.7 psi intermediate, and 9.3 psi in summer. Barges

-The range high tends to reflect ex-refinery material and the range low stored or blended material. The barge quote conforms to 98 RON German grade. The specific gravity is

0.755 g/ml.

MTBE Regular Unleaded-Assessments are based on specific gravity of 0.745 grams per liter, the RON is typically 91 and the MON 82.5.

Standard parcel size is 1,000mt barges, FOB Rotterdam area ex-producer or storage. Purity is 98% minimum, water 500 ppm maximum. Timing is up to one month from date of publication, but typically 5-15 days.

Naphtha The CIF NWE physical assessments reflect grades of 65-75 paraffins with a typical specific gravity of 0.69 to 0.73 g/ml. Grades with a higher or lower paraffin content will also be considered when traded, but these may at times command a premium or discount, depending on market conditions. The cargo assessments will typically reflect parcels of 10,000 to 30,000mt. Low/high ranges reflect actual trades done on a fixed price spot basis or, in the absence of fixed trade, buy or sell indications depending on the market trend.

The CIF NWE paper assessment reflects swap market values for one month ahead of publication. On the first working day after the 25th of the month, the swaps quote will move to the next month. Therefore, on January 26th the quoted month will be March.

The FOB Mediterranean cargo assessments include both full range and paraffinic grades of 65 to 80 pct paraffins. FOB values will be assessed as a differential to the CIF Med assessment, using a freight value between Alexandria and Lavera calculated using Platt’s cross-Med clean tanker assessments plus an additional 15 Worldscale points for superior tonnage and an allowance of $3/mt for port costs.

Barge assessments represent material with 65 to 80 pct paraffins.

Jet The assessments assume DERD 2494 from NWE or Mediterranean refineries for both cargoes and barges. Sulfur is 0.3 pct maximum, specific gravity is 0.775-0.840 g/ml, flash point is 38 degrees C minimum, freeze point is minus 47 degrees C maximum. Platt's introduced a formula to calculate FOB Med jet as a netback from NWE CIF cargo assessment on October 1 1998. The formula takes the Worldscale flat rate from Augusta to Rotterdam, multiplied by Platt's clean tanker rate assessment for Med-NWE cargoes. The spot tanker rate assessment is first pro-rated from 30,000mt to 25,000mt and is then multiplied by 1.2 to reflect the added cost for superior tonnage. Assessments using the traditional methodology, labelled “old basis jet” will run for information purposes only until September 30, 1999.

Gasoil Cargoes-The gasoil 0.2 CIF NWE and FOB NWE quotes represent a low/high trading range of French Fuel Oil Domestique (FOD) and German Deutsche Industrie Norm (DIN) heating oil grades with a density of 0.845 g/ml and a sulfur content of 0.2 pct maximum. The EN590 assessments CIF and FOB NWE reflect finished French Gasoil Moteur (GOM) grade and German automotive diesel oil (ADO) that meet EU directive number EN590. CIF NWE cargoes are assumed to be delivered in a Le Havre/Hamburg port range. Cargo assessments in NWE can include 10,000mt parcels. Mediterranean 0.2 CIF and FOB assessments represent a low/high trading range of French and Italian heating oil grades. Med EN590 CIF cargo assessments represent French and Italian dual purpose grades that meet EU directive EN590. These include Russian grades that meet EN590. Med FOB EN590 assessments reflect Italian and Spanish dual purpose grades that meet EN590.

Effective September 2, 1996, sulfur content in EN590 was reduced from 0.2 pct to 0.05 pct in line with European Union legislation. From February 1, 1997, Platt's no longer includes the additive WASA used for finished German grades in its assessments for EN590 gasoil cargoes and barges in Northwest Europe.

Barges-Assessments represent heating oil grades with a specific gravity of 0.845 g/ml with a maximum sulfur content of 0.2 pct. EN590 barge assessments typically reflect German grades that meet EN590.

Fuel Oil The Med and NWE assessments are based upon cracked fuel oil, with the exception of the E-4 assessments which are for atmospheric residue. For the fuel assessments, it is the combination of qualities that is important. Individual specifications shouldn't be considered in isolation.

1 pct sulfur: Low sulfur cargoes and barges are based on 1 pct maximum sulfur content. Cargo assessments are typically based on a viscosity of 380 centistokes at 50 degrees C, a specific gravity of 0.965 to 0.990 g/ml but FOB Mediterranean material can be lighter than that recorded in the north. On barges, the range low typically reflects a flash point of 65 degrees C and the range high 100 degrees C.

3 pct and 3.5 pct sulfur: The typical quality for high sulfur cargo assessments is a viscosity of 380 to 420 centistokes at 50 degrees C, a specific gravity of 0.998 g/ml, a maximum of 300 parts per million of vanadium. The specific gravity of fuel oil varies widely in Europe and a specific gravity of up to 1.020 in the Mediterranean and 1.005 in Northwest Europe may be considered. Typical specifications for 3.5 pct sulfur barges assessments are: 3 to 4 pct sulfur content, specific gravity of 0.998 to 0.991 g/ml, and viscosity of around 380 to 420 centistokes at 50 degrees C. Factors such as water, Conradson carbon and other metals may also have a marked influence on price.

E-4/M-40: Former Soviet Union (FSU) high sulfur atmospheric residue. Typical specifications for E-4 are sulfur content 1.8-2.5 pct, specific gravity is 0.965 g/ml maximum, vanadium content is 120 ppm maximum. The E-4 assessment reflects the premium quoted over the mean of the means of the 3.5 PCT CIF Northwest Europe cargo and Barges FOB Rotterdam. Typical specifications for M-40 are sulfur content 2.6-3.2 pct maximum, specific gravity 0.93-0.97, vanadium content 100 ppm maximum. The M-40 assessment reflects the premium quoted over the mean of the means of the 3.5 PCT FOB Med cargo and CIF Med cargo. M-40 assessment is based on 4 Engler at 80 degrees Celsius.

0.5-0.7 pct Straight Run: The assessments reflect prices for straight-run fuel oil from Northwest Europe with typically 0.5-0.7 pct sulfur.

Rotterdam Bunker 380 CST: Viscosity 380 CST; 3.0-4.0 pct sulfur; vanadium, 150-600 mg/kg; water, 0.3 pct; and ash, 0.01-0.05 pct.

EUROPEAN FEEDSTOCK ASSESSMENTS

Price Units All feedstock prices in Europe are US dollars per metric ton (mt).

Timing Cargo assessments assume reasonably prompt arrival, typically between 5 to 15 days from date of publication.

Credit/Payment Terms Payment is prompt or within a few working days of lifting or discharge. Wherever greater credit is given this will be allowed for in the assessments.

Cargo Size The typical cargo size is 17,000 to 25,000mt. However, where smaller or larger cargoes dominate the trade for a particular feedstock these will be considered.

High Sulfur Straight-Runs The high sulfur straight-run assessments are expressed as premiums above the mean of the means of the 3.5 pct sulfur cracked assessments. E-4: 2 to 2.5 pct sulfur, a specific gravity of 0.965 g/ml max at 20 degrees C, a viscosity E of 4 at 80 degrees C, and 120 ppm vanadium. M-40: 2.5-2.6 pct sulfur, a specific gravity of 0.97 g/ml max at 20 degrees C, a viscosity E of 4 at 80 degrees C, and 100 ppm vanadium. Iraqi: The assessments are based on cargoes lifted ex-Iskenderun with typically 3.75 pct sulfur, a viscosity of 69.5 centistokes at 50 degrees C, and a specific gravity 0.938 g/ml.

Low Sulfur Straight-Runs North Sea: The assessments reflect prices for material originating from Northwest Europe with typically 0.5 to 0.7 pct sulfur. North African: The assessments are typically based on material from Algeria, Egypt, Libya and Tunisia with a typical sulfur content of 0.3 to 0.7 pct.

VGO 0.5-0.6 pct: The assessments represent VGO cargoes with 0.5-0.6 pct sulfur and a specific gravity of 0.900-0.920 g/ml.

1.5-1.6 pct: The assessments reflect VGO barges with 1.5-1.6 pct sulfur and a specific gravity of 0.900-0.920 g/ml.

2 pct max sulfur: The assessments reflect prices for material with 1.5 to 2 pct sulfur and a specific gravity of 0.900-0.920 g/ml.

In addition to the above, factors such as water, Conradson carbon and other metals may have a marked influence on price.

PRODUCTS—US

General Notes a) Prices: Product prices in the United States are in US cents per gallon, apart from residual fuel oils which are priced in US dollars per barrel and US West Coast pipeline 180 and 380 CST fuel oils which are assessed in US dollars per metric ton. b) Specifications: Gasoline specifications can vary across the US depending on the time of the year and the location.

Reid vapor pressure (RVP): RVP can vary from a current low of 7.0 psi (summer), to a high of 15.0 psi (winter). Platt’s will make announcements during the course of the year when specifications are changing.

Oxygenated gasoline: The US Environmental Protection Agency now requires oxygenated gasoline during the winter months in carbon monoxide non-attainment areas. The winter months are generally October/November through February/March. In general, the EPA requires those areas to use gasoline with a minimum 2.7 pct oxygen by weight. Both reformulated and conventional grades of gasoline may be oxygenated during the winter months to aid in compliance with carbon monoxide standards as prescribed by the Clean Air Act.

Reformulated Gasoline (RFG): Nine metropolitan areas in the US were designated “extreme” or “severe” in terms of atmospheric ozone levels by the US Environmental Protection Agency. Provisions in the Clean Air Act of 1990 require those areas to use

reformulated gasoline. Oxygen content of RFG is a minimum of 1.5% to a maximum of 2.7%.

However, in areas where oxygenated gasoline is required during the winter months such as the New York metropolitan area, RFG oxygen content is required to be 2.7-2.9%.

Allowable RVP will vary seasonally, depending on the area. Benzene content is limited to a maximum of 1.3%.

Conventional Gasoline: All gasoline not considered RFG is conventional. Under the Clean Air Act provisions, conventional gasoline produced or sold in the US after January 1, 1995 must be at least as clean as gasoline produced or sold during the 1990 baseline period, as specified by the Clean Air Act.

Superfund tax: Authorization for the Superfund tax of 9.7 cts/bbl expired as of December 31, 1995. Therefore, as of January 2, 1996 Platt’s US spot market assessments for refined products and Platt’s wholesale rack prices no longer include the Superfund tax.

ATLANTIC COAST Also referred to as New York/Boston Spot. a) Timing: The cargo assessments assume reasonably prompt arrival or lifting, typically between 5 to 15 days away. Barges assume loading 3-10 days away, while a timing closer than three days is considered very prompt. b) Size: Cargoes consist of one bottom with a minimum 150,000 bbl up to no limit, except where vessel size restrictions are in effect. Barge volumes are 20-25,000 bbl minimum up to 100,000 bbl. Volumes between these sizes may impact either the cargo or barge assessment, depending on the market conditions at the time.

See general section under Products-US for information on conventional, RFG and oxygenated requirements.

Gasoline Regular unleaded: 87 octane, R+M/2, lead content 0.01 grams per gallon, gravity 62 API. Sometimes referred to as 48 grade.

Unleaded midgrade: 89 octane, R+M/2, lead 0.01 grams per gallon, gravity 62 API.

Super premium unleaded: 93 octane, R+M/2, lead 0.01 grams per gallon, gravity 62 API. RVP ranges from 8.3 psi RVP (summer) to 15.0 RVP (winter).

MTBE Please see listing under US Gulf Coast

Jet Kerosene Jet Fuel: Cargoes: DERD 2494, 0.3 pct sulfur, gravity 38.9-51 API (0.830-0.775 specific gravity), 38 deg C min Flash, freeze -47 deg. Celsius max. (-52 deg Fahrenheit). Barges: Colonial Pipeline reference 54 grade - 0.3 pct sulfur; 37-51 API gravity; 123-150 deg F min flash; and freeze point -40 deg F max.

Low Sulfur Jet Kerosene For cargoes and barges, the assessments reflect Colonial Pipeline 55 grade with 37-51 API gravity, 123 degrees F flash point, minus 40 degrees C freeze point, 42 cetane and 0.04 pct sulfur.

No. 2 Heating Oil 40 cetane, sulfur content is 0.2 pct at New York Harbor, up to 0.5 pct outside New York, gravity 34 API, 130 deg F minimum flash.

Low Sulfur No. 2 42 cetane, 0.05 pct sulfur.

No. 6 Oil

0.3 pct: Maximum sulfur 0.3 pct. Pour: 60 deg F max for low pour; high pour typically 100 degrees F but up to 110 degrees is acceptable. (Will frequently be referenced as Con Ed or New York City Spec). Viscosity: 1000 ssu for low pour, 200 ssf for high pour, up to 300 acceptable. 20-22 API gravity.

  1. pct: Same specification as 1 pct, except maximum sulfur is 0.7 pct.
  2. pct: Maximum sulfur 1.0 pct. Pour: low pour 60 deg F. max. High pour typical 100 degree F up to 105 degrees F usually acceptable. Gravity: 12 API is most common. Penalty for BTU loss usually incurred if over 15 API. Viscosity: 200-300 ssf.
  3. pct: Maximum sulfur 2.2 pct. Pour not usually specified, viscosity 225-300 ssf. 12 API gravity.
  1. pct Boston: Maximum sulfur 2.2 pct. Pour not usually specified, viscosity 225-300 ssf. 12 API gravity. Nitrogen spec is often 0.4%, but not required.
  2. pct: Maximum sulfur 3.0 pct. Pour not usually specified, viscosity 200-250 ssf, 12 API gravity.

For paper resid market info, see item following US Gulf Coast resid.

US GULF COAST Pipeline prices are usually for product moving on the Colonial Pipeline with input at Pasadena, Texas. Prices represent barrels being put into the pipeline on a prompt basis. Pipeline assessments reflect southern grade products on Colonial Pipeline with the

exception of the supplemental northern grade gasoline which represents northern grade material. Shipments on the Colonial Pipeline system are scheduled according to cycles. There typically are three cycles per month for a total of 36 cycles per year. For example, cycles 1, 2, and 3 are for January, cycles 4, 5, and 6 are for February, cycles 7, 8, and 9 are for March, etc. Each cycle lasts approximately 10 days and is divided into two five-day sections known as the front-half and the back-half of the cycle. Due to market conditions and perceptions, certain cycles may carry premiums or discounts during the year.

Waterborne barrels represent different locations depending on product, and are noted within product categories. Assessments for fuel oil generally reflect product being lifted within the next 7 to 14 days. Waterborne assessments for gasoline and distillates are concurrent with the pipeline cycles. Waterborne assessments cover barge (minimum 50,000 bbl) and cargo movements being shipped out of ports located anywhere from Corpus Christi, Texas to the Mississippi River. Product can be moving from a Gulf Coast location to another US port or for export. Prices are on an FOB basis.

Gasoline Pipeline assessments reflect the most prompt pipeline cycle. RVP ranges from 7.4 psi (summer) to 13.5 psi (winter). See general section under Products - US for information on conventional, RFG and oxygenated requirements.

Regular unleaded: 87 octane R+M/2; lead, 0.01 grams per gallon; 62 API gravity. Unleaded midgrade: 89 octane R+M/2; lead, 0.01 grams per gallon; 62 API gravity. Super premium unleaded: 93 octane R+M/2; lead, 0.01 grams per gallon; 62 API gravity.

Please note, Premium unleaded 92 octane assessments were discontinued as of January 1, 1997.

MTBE Specs are for material with minimum 95 pct MTBE, 1,500 ppm maximum water and 500 ppm maximum methanol. RVP is 8-10 psi. Octane is 109 R+M/2. Oxygen is 18.2 pct by weight. US Gulf assessments include volumes of 25,000 bbl or greater traded FOB Houston-Texas City. Smaller volume transactions and deals done outside of the Houston- Texas City area are used only as a guide in the assessment process. Assessments focus on deals lifting 15 days from date of publication, excluding prompt business for immediate lifting. Assessments cover physical spot trade and not paper deals. Platt's FOB New York Harbor MTBE assessment is for the same spec material as the US Gulf Coast but volumes are 10,000 bbl or greater. Both US Gulf Coast and New York Harbor assessments are made at 1615 CST.

Naphtha Prices represent product moving into and out of the Gulf Coast. Assessments are made on a delivered Gulf Coast basis. Imports are assessed on an inside duty basis. 40 N+A, typically a reforming grade, gravity 56-60 API.

Jet Kerosene Pipeline assessments represent the most prompt cycle for the Colonial Pipeline, basis Pasadena, Texas origin. Waterborne assessments run concurrently with the pipeline.

Forward assessments for jet reflect the value of the next cycle forward.

Jet/Kero 54 reflects material with 37-51 API gravity, 108 degrees F flash point, minus 40 C freeze point, and 0.3 pct sulfur. Jet/Kero 55 grade reflects product with 37-51 API gravity, 123 degrees F flash point, minus 40 C freeze point, 42 cetane and 0.04 pct sulfur.

No. 2 Oil Pipeline assessments represent the most prompt cycle for the Colonial Pipeline, basis Pasadena, Texas origin. Waterborne assessments run concurrently with the pipeline. Waterborne assessments represent barges and cargoes moving out of ports located anywhere from Corpus Christi to the Mississippi River. The high of the range usually represents barges moving out of the Mississippi River area and the low side represents cargoes moving out of various locations.

Forward assessments for No.2 and low sulfur No.2 oil reflect the value of the next cycle forward.

No.2 Oil: 40 cetane, 0.2 pct sulfur, 30 API gravity, 130 deg F min. flash.

Low Sulfur No. 2 Oil 42 cetane, 0.05 pct sulfur.

Residual Fuel Assessments are FOB and represent product moving out of ports anywhere between Houston and the Mississippi River. Both barge lots and cargoes are covered by the assessments. Assessments may be influenced by blending costs associated with bringing off-spec material to the correct specification. Also, assessments take into consideration the value of different end users for the same material, e.g. straight-run fuel used as a feedstock.

No.6 0.7 pct: gravity 10.5 API, viscosity 225 ssf, maximum sulfur 0.7 pct. No.6 1.0 pct: gravity 10.5 API, viscosity 225 ssf, maximum sulfur 1.0 pct. No.6 1.0 pct: gravity 8.0 API, viscosity 225 ssf, maximum sulfur 1.0 pct. No.6 3.0 pct: gravity 10.5 API, viscosity 225 ssf, maximum sulfur 3.0 pct. No.6 3.5 pct: gravity 10.5 API, viscosity 225 ssf, sulfur 3.5 pct or higher. This assessment is based on the lower metals normally used for bunkers, typically 30 ppm aluminum and silicon.

US ATLANTIC AND US GULF RESID ‘paper’ markets

Platt’s shows paper market price assessments for 1.0 pct sulfur fuel oil on the US Atlantic

Coast and 3.0 pct sulfur fuel oil on the US Gulf Coast:

1) The paper price assessments are for the immediate forward month and the next forward month. The immediate forward month assessment expires on the last Friday of the month. If that falls on a holiday, expiration will occur on the last business day prior to the holiday. For example: during November, 1997, paper markets would have been assessed for December and January. The last Friday of November should have been the last day for December paper assessments. However, since the last Friday of November, 1997 was a holiday, due to the Thanksgiving holiday, the December assessment would have expired on November 26. On the next Monday, Platt’s would have assessed the paper markets for January and February, 1998.

2) The quarterly paper market is based on the calendar quarters: January-March, April-June, July-September and October-December. Quarterly paper markets are assessed until the last business day of the preceding calendar quarter. On the first business day of a new quarter, the assessment will reflect the next calendar quarter.

GROUP THREE Assessments are made on an FOB Tulsa, Oklahoma, basis for product moving on the Williams Pipeline. The Williams Pipeline runs from Tulsa north through the Midcontinent terminating in Minnesota and Wisconsin. Assessments reflect barrels being put into the pipeline on a prompt basis.

Gasoline Regular unleaded: 87 octane R+M/2; lead, 0.01 grams per gallon; 62 API gravity. Premium unleaded: 91 octane R+M/2; lead, 0.01 grams per gallon; 62 API gravity. For all grades of gasoline, Reid vapor pressure ranges from 9.0 psi for summer months to

13.5 psi for winter months.

Jet Kerosene

0.3 pct sulfur, 37.5 API gravity, 110 degrees F minimum flash.

Low Sulfur Jet Kerosene A seasonal assessment running from approximately October/November to early March. Specifications are 0.047 pct sulfur, 37 degrees min. API gravity, minimum 125 degrees to maximum 160 degrees F. flash. Low sulfur jet kerosene is also known as Y grade.

No. 2 Oil

0.5 pct sulfur, 40 cetane, 30 API gravity, 140 degrees F minimum flash.

Low Sulfur No. 2 Oil 42 cetane, 0.05 pct sulfur, 30 API gravity, 140 degrees F minimum flash.

CHICAGO Assessments are made on an FOB Chicago Area Pipeline (CAPline) basis and usually reflect product moving on the prompt cycle.

Gasoline Regular unleaded: 87 octane R+M/2; lead, 0.01 grams per gallon; 62 API gravity. Midgrade unleaded: 89 octane R+M/2; lead, 0.01 grams per gallon; 62 API gravity. Premium unleaded: 93 octane R+M/2; lead, 0.01 grams per gallon; 62 API gravity. RBOB (Reformulated Blendstock for Oxygenated Blending): 84.6 octane R+M/2; 62 API gravity.

For all grades of gasoline, Reid vapor pressure varies during the year from 9.0 psi during the summer to 15.0 psi during the winter.

Jet Kerosene

0.3 pct sulfur, 37-51 API gravity, 108 degrees F minimum flash.

Low Sulfur Jet Kerosene A seasonal assessment that runs from approximately November to early March. Specifications included 0.04 pct sulfur and 37-51 degrees API gravity. This is also known as No.1 oil.

No. 2 Oil

0.29 pct sulfur, 40 cetane, 34 API gravity, 130 degrees F minimum flash.

Low Sulfur No. 2 Oil

0.05 pct sulfur, 42 cetane

US WEST COAST Pipeline volumes are generally 12,000-25,000 bbl. Assessments are for product moving on the Kinder Morgan Energy Partners Pipeline (formerly the Santa Fe Pacific Pipeline) system in California and the Olympic Pipeline system in the Northwest. Assessments represent barrels being put into the pipeline, usually within 8-16 days from the effective date of publication, but take into account changes in pipeline schedules. Shipments on the Santa Fe Pacific Pipeline system are scheduled according to cycles. There are typically four cycles every month for a total of 48 cycles per year. For example, cycles 1, 2, 3 and 4 are for January, cycles 5, 6, 7 and 8 are for February, etc. Each cycle lasts approximately

7.5 days, but changes in the schedule may occur and are decided by the pipeline company. Shipments on the Olympic Pipeline system are also scheduled according to cycles. There are typically five cycles every month with the exception of February, which has four, for a total of 59 cycles per year. Each cycle lasts approximately 6-7 days, but changes on the schedule may occur and are decided by the pipeline company.

Gasoline, diesel and jet cargoes are generally 250,000-300,000 bbl with delivery usually within two to four weeks. Fuel oil cargoes are generally 200,000-300,000 bbl. Part- cargoes of at least 70,000 bbl that are traded to fill out or to create a cargo are also considered. Cargoes cover export or import at any location from Los Angeles to Seattle. Delivery usually within two to four weeks. Anything less than two weeks is prompt and could be considered distressed. Domestic, but offshore lightered barrels, are treated as if they were domestic.

See general section under Products-US for information on conventional and oxygenated requirements.

Gasoline Conventional-Standard gravity is 57-58 API. Sulfur specs are very stringent in California with 0.03% for unleaded. Bromine is less than 30 parts per million at Los Angeles. RVP ranges from 7.0 to 13.5 for Los Angeles, 7.0 to 15.0 for San Francisco and 9.0 to 15.0 for Seattle and Portland Unleaded: 84 octane, R&M/2; lead content 0.01 grams/gal. The Unleaded 84 assessment is for product moving to Arizona from Los Angeles. The assessment is made on an FOB Los Angeles basis. This assessment replaces the Arizona RFG assessment which was discontinued in October 1998. Unleaded: 87 octane, R+M/2; lead content 0.01 grams/gal. Premium Unleaded: 92 octane, R+M/2; lead content 0.01 grams/gal.

CARB gasoline-Gasoline sold exclusively in California by mandate of the California Air Resources Board (CARB). API gravity is 57-58. Lead content is 0.030 gm/gal. Sulfur is 80 ppm. Aromatic hydrocarbons 30 pct max. Octane level for unleaded is 87 R+M/2 and for premium unleaded is 92 R+M/2. RVP ranges from 7.0 to 13.5 for Los Angeles CARB gasoline and from 7.0 to 15.0 for San Francisco CARB gasoline.

Please note: Los Angeles RFG assessments were discontinued as of March 22, 1996. CARB gasoline replaced RFG gasoline in Los Angeles.

Jet Pipeline: Jet-A 0.3%S 51-37 API, Waterborne: DERD 2494 0.3%S 51-37 API.

Low Sulfur No. 2 Oil Low sulfur No. 2 oil is frequently called low sulfur diesel. Specs are 40-45 cetane, 30-31 API gravity, and 0.05 pct maximum sulfur content.

CARB Diesel CARB (California Air Resources Board) diesel reflects the Santa Fe Pacific Pipeline spec for aromatics of 35 pct by volume maximum. Other specs are 40-45 cetane, 30-31 API gravity, and 0.05 pct maximum sulfur content.

Gasoil

45 cetane, 0.5 pct sulfur; typically 32-33 API gravity. This is a waterborne quote only.

Fuel Oil Daily IFO 380 and IFO 180 (appearing under West Coast Pipeline): Daily assessments of IFO 380 and IFO 180 reflect trade in the marine fuel (bunker) market. IFO 380 has viscosity of 380 CST, 2.5-4.0 pct sulfur, 150-600 mg/kg vanadium, 0.5-1.0 pct water, and 0.1-0.2 pct ash. IFO 180 is the same as IFO 380 in all respects except viscosity, which is 180 CST.

No. 6, 0.5%S and 1.0%S Percentages relate to content of sulfur as a percent by weight. Power generation units, i.e. electric utility companies, usually use the low sulfur grades. This quote is used to distinguish larger volumes whether for import or export.

Please note: assessments for No.6 1.6%S were discontinued as of January 2, 1996.

GAS LIQUIDS

Assessments are made on an FOB Mont Belvieu, Texas, and FOB Conway, Kansas, basis for all gas liquids. Propane and butane are reported at Mont Belvieu on a non-TET and TET basis. TET material moves on the former Texas Eastern Transmission pipeline which runs from South Texas northward to Ohio and terminates in Massachusetts. The pipeline is now properly Texas Eastern Products Pipeline Co, however, the terms TET and non- TET are still widely used by the industry. Product specifications are the same for both Mont Belvieu and Conway.

As of September 1, 1996, Platt’s separated its quotes for ethane and natural gasoline at Mont Belvieu. Platt’s now publishes one quote for purity ethane and another for ethane/propane mix. Natural gasoline is now reported on a non-Warren and a Warren basis. Warren is a major terminal in the Mont Belvieu area. While the company owning the terminal is now properly called Dynegy, the industry uses both Warren and Dynegy in referring to the terminal.

Ethane Specific gravity, 0.3546. US gallons per metric ton, 742. Boiling point, -89 deg C. Purity ethane is 95 pct pure or better. Ethane/propane mix is comprised of 80 pct ethane and 20 pct propane.

Propane Specific gravity, 0.5077. US gallons per metric ton, 520.8. Boiling point, -43 deg C.

Normal Butane Specific gravity, 0.5844. US gallons per metric ton, 452.5. Boiling point, -1 deg C.

Iso-butane Specific gravity, 0.5631. US gallons per metric ton, 469.6. Boiling point, -12 deg C.

Natural Gasoline 81 degrees API. RVP 12-14. Boiling point, 90 degrees F. Sulfur, 0.1 pct, Octane is in the low 70s R+M/2. US gallons per metric ton, 397.50-397.75.

Caribbean

Assessments are made in US dollars per metric ton as well as US cents per gallon.

Naphtha: 40 N+A reforming grade. Gravity is 66 API. Jet Kerosene: DERD 2494, 0.3 pct sulfur, 38.9-51.0 API gravity, 38 degrees C minimum flash, minus 47 degrees C. maximum freeze point. Gasoil: 40 cetane, 0.2 pct sulfur, 30 API gravity, 130 degrees F minimum flash. No.6 2.0 pct: 225-300 ssf viscosity, 10-12 API gravity. No.6 2.8 pct: 200-250 ssf viscosity, 10-12 API gravity.

US FEEDSTOCKS

VGO Sulfur: Three sulfur grades are assessed: Under 0.5%, 1.0% and over 2%. Aniline Point: Generally 180 minimum. Conradson carbon residue: Generally 0.7% maximum.

Straight Run Low Sulfur: 0.3% sulfur. Approximately 20-22 degrees API gravity. Viscosity is 1,000 ssu or approximately 100 ssf. The product generally is low pour with a pour point of 60 degrees F. High Sulfur: 2.0 to 3.5% sulfur. Approximately 15-20 degrees API gravity.

Condensate Sulfur is generally 0.1 pct or less. Approximately 40-65 degrees API gravity.

BUNKERWIRE SPECS

Bunker C: 10.5 API gravity or 420-470 CST; typically 2.5-3.5 pct sulfur but could be higher; and vanadium, 100-350 parts per million (ppm). IFO 180: viscosity 180 CST; 3.0-4.0 pct sulfur (except on US West Coast, sulfur can be as low as 2.5 pct); vanadium, 150-600 mg/kg; water, 0.5-1.0 pct; and ash, 0.1-0.2 pct. IFO 380: viscosity 380 CST; 3.0-4.0 pct sulfur (except on US West Coast, sulfur can be as low as 2.5 pct); vanadium, 150-600 mg/kg; water, 0.5-1.0 pct; and ash, 0.1-0.2 pct.

Marine Diesel Oil (MDO): 1.0-2.0 pct sulfur; vanadium, 100 ppm. max; water, 0.3 pct; and ash, 0.01-0.05 pct.

PRODUCTS—LATIN AMERICA

Assessments are in US dollars per barrel.

Argentina Gasoil: minimum of 45 cetane, 0.5% sulfur. Mogas: Unl 83 RON minimum, 10 RVP maximum, 0.71-0.74 specific gravity, 0.1% sulfur by weight. Fuel Oil: 0.5% sulfur, 14 API, 550 CST.

Brazil Fuel Oil: 0.4% sulfur, 17 API, 150-200 ssf.

Colombia Fuel Oil: 1.5% sulfur, 6 API, 300 ssf.

Ecuador Fuel Oil: 1.9% sulfur, 12-14 API, 250 ssf.

Peru Naphtha: 49 N+A, full range, 63 API. Fuel Oil: 0.9% sulfur, 15 API, 600 CST and 1.4% sulfur, 12.5 API, 1,000 CST.

PLATT’S INDEX The Platt’s Index is an attempt to give a broad view of the state of the oil industry by putting markets for several different crudes and products on the same footing: a base period between July 1987 and December 1988, and a translation of that base period into the number 100.00. Prices for each index component were averaged for that period, and the result constitutes 100 in the Platt’s Index. The index itself first appeared in July, 1990. Each day, Platt’s spot assessments are incorporated into a weighted formula based on consumption patterns for products, and supply patterns for crude. The result is a single number that can be used for quick comparisons of a product's status, both over time and against other products or crudes. For example, the gasoil/heating-oil index is weighted 42 pct to Europe, including assessments from Northwest Europe and the Mediterranean, 43 pct to North America, including assessments from New York, Boston, and the US Gulf Coast; and 15 pct to the Pacific Rim, including assessments from Singapore and Japan. The prices for the base period were averaged, resulting in a base price of approximately 46.5 cts gal. That equates to 100 on the Platt’s Index. The ratio between each day’s new price and 46.5 cts will be applied to the 100.00 base, and the result is that day’s index.

Crude Oil Specifications

All cargo assessments are for crudes at their source, with the exception of Urals, ANS, Iran Light and Iran Heavy. Cano Limon and Oriente are assessed on a CIF US Gulf Coast basis in the weekly Feeder Crudes Table. However, Cano Limon is quoted daily on a FOB source basis. Crude markets are covered all day from the Singapore opening through to the New York close. Assessments are made at 3:30-4:00 p.m. New York time, with the exception of the Pacific Rim quotes which close at the end of the Singapore trading day.

North Sea

The window of assessment for North Sea crude grades, excluding dated Brent, is 10-30 days after publication. Platt's reserves the right to include cargoes outside assessment windows when deemed necessary. In times of steep contango or backwardation, an adjustment may be made to reflect the quality difference versus dated Brent. Most North Sea crude grades are traded as a differential to dated Brent.

Brent: Platt's quotes three paper or forward Brent assessments which reflect trade of full and partial cargoes on the 15-day Brent market. The date of change for the 15-day Brent assessments is the tenth of the month. For example, September 15-day Brent will last be assessed on September 9. On September 10, October Brent becomes the first month, November Brent becomes the second month, and December Brent is added as the third month. The process will repeat itself on October 9-10.

Dated Brent: is a rolling assessment that reflects the price of physical, wet cargoes loading no less than 7 days forward. Specifically, dated Brent cargoes loading 7-15 days forward will be taken into account Monday through Thursday. On Friday, dated Brent cargoes loading 7-17 days forward will be taken into account. Deals done, as well as bids and offers, may be taken into account for assessment purposes. Changes in spread trade may also be considered. The cargoes are loaded at Sullom Voe and represent commingled crude from the Brent and Ninian systems. The API gravity is estimated at 38.5 degrees and 0.4 pct sulfur.

Forties: API gravity is 40.4 degrees. The sulfur content is 0.35 pct. It is priced FOB Hound Point, UK.

Oseberg: This is a middle distillate rich Norwegian crude. The price is for barrels FOB Sture, Norway. The gravity is 35.4, and the sulfur is 0.26 pct.

Flotta: The price is for barrels loading FOB at the Flotta terminal in the North Sea. The API is 36, and the sulfur content is 1.2 pct.

Ekofisk: This Norwegian crude is rich in gasoline. The price is FOB Teesside, UK. The

API is 42.3, and the sulfur content is 0.15 pct.

Statfjord: This Norwegian crude is rich in gasoline and cargoes are loaded FOB platform with a fixed freight element. The API is 38.3, and the sulfur content is 0.26 pct.

West Africa

West African grades are assessed for cargoes loading 10-30 days after date of publication. Deals done outside the assessment window may be taken into account, as well as bids and offers.

Bonny Light: The API gravity for Bonny Light is 34.5 degrees and the sulfur content is

0.1 pct.

Qua Ibo: The API gravity for Qua Ibo is 35.6 degrees and the sulfur content is 0.1 pct.

Brass River: A separate Brass River assessment can be found weekly in the Platt's Feeder Crude table. The API gravity for Brass River is 43.5 degrees and the sulfur content is 0.07 pct.

Forcados: This Nigerian crude has a larger distillate refining profile. Its API gravity is

29.1 degrees and has a sulfur content of 0.19 pct.

Cabinda: This Angolan crude represents commingled material from the Takula and Malongo systems. Its API gravity is 32.5 with a sulfur content of 0.13 pct.

Mediterranean

Urals (CIF Med): The basis is CIF Augusta, Sicily. A large percentage of Urals CIS export blend is sold on a delivered basis with the barrels loading out of the Black Sea ports of Odessa and Novorossiisk. Its main consumers are in France, Italy and Spain. Both small and large cargoes are taken into account. Cargoes delivered to other ports in the Mediterranean will also be considered with the freight costs taken into account. Cargoes for delivery in the Black Sea are not taken into account.

Urals (CIF Rotterdam): This assessment takes into account cargoes loading from the Baltic port of Ventspils for delivery into Rotterdam. Cargoes delivered into other ports in Northwest Europe will also be considered with the freight costs taken into account. API gravity for Urals, either CIF Med or CIF Rotterdam, is 32.5 degrees with a sulfur content of 1.25 pct.

Es Sider: This Libyan crude has an API gravity of 36.2 degrees and a sulfur content of

    1. pct.
    2. Iran Heavy (Sidi Kerir): The assessment represents cargoes of Iranian Heavy sold on a FOB basis from the Egyptian port of Sidi Kerir. The API is 31-32 and the sulfur content is
  1. pct.

Iran Light (Sidi Kerir): The assessment represents cargoes sold on an FOB basis from the Egyptian port of Sidi Kerir. The API is 33.5-34.0 and the sulfur content is 1.4 pct.

Suez Blend: This is the premier Egyptian export grade, providing an indication of sour crude prices both east and west of Suez. Spot cargoes of Suez Blend may be sold Brent-related FOB Ras Sukheir. The API is 30.4 degrees and the sulfur content is 1.65 pct.

Persian Gulf

Dubai and Oman: Oman MPM and the first month Dubai assessments reflect trade for a forward month with the last day quoted on the fifteenth of every month. For instance, January 15th is the last day of publication for the February quote and the 16th is the first day of publication for the March quote.

Dubai: Platt's quotes three paper Dubai assessments in recognition of the forward Dubai market. Dubai is frequently traded each day either on an outright basis or in arbitrage with the paper Brent, and occasionally versus the WTI market. A Dubai cargo is typically 500,000 bbl, resembling the size of Brent cargoes. Dubai is one of the few crudes available on a spot basis in the Persian Gulf and is used as a benchmark to price the sales of other Persian Gulf crudes into Asia. Term contracts for several P.G. grades are based on spot formulas using Dubai and Oman. The API gravity is 31.2 degrees and the sulfur content is 2.01 pct.

Oman: This crude trades at a differential versus Dubai or versus its expected monthly retroactive price as set by the Ministry of Petroleum and Mines (MPM). Most of the transactions are done on a forward basis one to three months out. Oman may be used as a component of pricing for P.G. crude heading to Asia. Platt's quotes spot Oman one month forward on a calendar basis. For example, during the month of February, March Oman will be quoted through February 15. On February 16, April Oman will be assessed. The spot price differential versus the MPM official price and its relationship to Dubai may be taken into account to determine the spot price of Oman. The API gravity is 37 degrees and the sulfur content is 1.08 pct.

Oman MPM: The quote for Oman MPM represents a differential to Oman's retroactive monthly official selling price. Cargoes will sell on a differential to the expected quote two to three months before the price is actually released. Platt's Oman MPM quote represents the differential as quoted in the spot market.

Asia

Prices are assessments based on spot transactions and market information on cargoes and part-cargoes loading 15-45 days ahead of publication. Assessments also consider bids/offers, and differentials with other actively traded crudes, related paper markets and, in the case of Indonesian crudes, official crude prices (ICPs). The rollover date for paper Tapis is the first day of every month. Crude markets are assessed at 5:30 pm Singapore time. The following are details of the specifications for the crudes reported including loading ports. Sulfur content and API gravity may vary over time.

CRUDE API SULFUR COUNTRY LOCATION

Cossack Gippsland Griffin Jabiru North West S Thevenard Elang helf 49.0 48.0 55.0 42.0 60.0 36.0 53.0 0.04 0.10 0.03 0.05 0.01 0.05 0.03 Australia Australia Australia Australia Australia Australia Australia North West AustraliaWesternportDenture, GriffinJabiru Venture, Timor SeaDampierThevenard IslandZoca
Daqing Nanhai Light Shengli 32.7 39.5 24.0 0.10 0.05 0.90 China China China Luda/Dalian on Yellow SeaHui ZhouQingdao on Yellow Sea
Ardjuna Arun Attaka Belida Cinta Duri Handil Minas Widuri 36.0 35.1 53.9 44.7 46.2 32.7 21.5 33.8 0.08 33.3 0.13 0.02 0.04 0.02 0.11 0.14 0.07 0.07 In Indonesia Indonesia Indonesia Indonesia Indonesia Indonesia Indonesia donesia Dumai, SumatraIndonesia ArdjunaBlanglancangSantan, off BalikpapanBelidaCintaDumai, SumatraSenipah, off BalikpapanWiduri
Labuan Miri Tapis 31.5 31.9 46.0 0.08 0.08 0.03 Malaysia Malaysia Malaysia Labuan Island, off SabahLutong in Sarawak, near MiriKerteh, off Trengganu
Kutubu 44.0 0.04 New Guinea Kumul terminal

Spreads versus ICP and Tapis

Platt's assesses differentials versus the Indonesian Contractual Prices (ICPs) for the following crudes: Minas, Attaka, Arun, Ardjuna, Handil, Cinta, Duri, Widuri, Belida and Lalang. Platt's assesses market premiums or discounts for several Asian and Australian crudes versus Tapis. The premiums/discounts assessed are for the following crudes: Tapis, Thevenard, Griffin, Cossack, Kutubu, Nanhai. The Northwest Shelf condensate spread is assessed versus Arun. The spreads (premium or discounts) are assessments based on spot transactions and market information on cargoes and part cargoes loading 20-40 days from date of publication.

United States

The spot month for all US domestic pipeline barrels changes after the 25th of the month except in California. This date coincides with the date US crude oil pipelines require scheduling to be completed for deliveries in the following month.

West Texas Intermediate (WTI): The assessment is for barrels delivered either to Cushing, Oklahoma, or to Midland, Texas. Platt's quotes two months of WTI-Cushing barrels; Cushing assessments note the delivery month, such as WTI (Dec). Midland prices are noted as WTI (Mid). The delivery month quoted for WTI-Midland is the same as the first month quoted for WTI-Cushing. API gravity is typically 38-40 degrees with sulfur content approximately 0.3 pct.

P-Plus WTI: The assessment reflects the price of WTI sold into Cushing on the basis of "postings plus." P-plus deals are invoiced at a later date on the basis of a differential to an average of one or more crude oil postings. For example, a deal done at P-plus 75 cts would be invoiced at 75 cts more than the previously agreed-upon postings basis.

West Texas Sour (WTS): The assessment is for barrels delivered to Midland, Texas, with an API gravity of 33 degrees and a sulfur content of 1.6 pct.

Light Louisiana Sweet (LLS): The assessment is for barrels delivered to St. James, Louisiana. API gravity is 37 and sulfur content is 0.3 pct.

Heavy Louisiana Sweet (HLS): The assessment is for barrels delivered to Empire, Louisiana. API gravity is 32-33 and sulfur content is 0.3 pct.

Eugene Island: The assessment is for barrels delivered to St. James, Louisiana. The API gravity is 34 and the sulfur content is 1.00 pct.

Wyoming Sweet: The assessment is for barrels delivered to Guernsey, Wyoming, with an API gravity of 39 and a sulfur content of 0.25 pct.

Bonito: The assessment is for barrels delivered to St James, Louisiana. API gravity is 35.3 and sulfur content is 0.8 pct.

Alaska North Slope (ANS): California barrels are for delivery to Long Beach, California. API gravity is 29-29.5 and sulfur content is 1.1 pct. The assessment for Gulf Coast ANS delivered to Houston, Texas was discontinued as of May 1, 1996.

Line 63: The assessment is for a blend of crude at 28-30 degrees API gravity and sulfur content of 1.02 pct, delivered at Hynes station on Four Corners' pipeline line 63.

P-Plus Line 63: The assessment reflects the price of Line 63 sold into Hynes Station on Four Corners' pipeline on the basis of "Posting Plus." P-Plus deals are invoiced at a later date on the basis of a differential to an average of one or more crude postings for Buena Vista.

Thums: The assessment is for barrels delivered to Long Beach, California at 17 degrees API and a sulfur content of 1.5 pct.

Kern River: The assessment is for barrels delivered commonly to Texaco's station 31 in Kern County, California, at 13.4 degrees API gravity with sulfur content of 1.1 pct. Synonymous with San Joaquin Valley (SJV) heavy.

Latin America

Price assessments for these crudes are FOB the loading terminal, and do not include top off charges. The assessment window for all Latin American crudes is 15-45 days forward. Cargo volumes are 350,000 bbl and up. Assessment roll-over date is the first business after the 10th of each month.

Canadon Seco: The assessment is for barrels commonly sold FOB Caleta Olivia, Argentina with API gravity of 26 API and 0.3 pct sulfur.

Cano Limon: The assessment is for barrels commonly sold FOB Covenas, Colombia with API gravity of 29.5 and 0.5 pct sulfur.

Cusiana: The assessment is for barrels commonly sold FOB Covenas, Colombia with API gravity of 39.5 and 0.17 pct sulfur.

Escalante: The assessment is for barrels commonly sold FOB Caleta Cordoba, Argentina with API gravity of 24.1 and 0.2 pct sulfur.

Loreto: The assessment is for barrels commonly sold FOB Puerto Bayovar, Peru with API gravity of 20.0 and 1.2 pct sulfur.

Medanito: The assessment is for barrels commonly sold FOB Puerto Rosales, Argentina with API gravity of 35.1 and 0.4 pct sulfur.

Oriente: The assessment is for barrels commonly sold FOB Esmeraldas, Ecuador with API

gravity of 25.0 and 1.3 pct sulfur.

Vasconia: The assessment is for barrels commonly sold FOB Covenas, Colombia with API gravity of 26.5 and 0.9 pct sulfur.

Orito assessments were discontinued as of June 3, 1996.

Mexican crude oil term prices to Western destinations are FOB and based on the following formulas:

Isthmus: 0.4(WTS + LLS) + 0.2(Dated Brent) - constant Maya: 0.4(WTS + US Gulf No.6 oil 3%) + 0.10 (LLS + Dated Brent) – constant Olmeca: 0.333 (WTS + LLS + Dated Brent) + constant

Canada

Canadian assessments are based on an average of two or more posted prices.

Par Crude: The assessment is for sweet crude delivered at Edmonton, Alberta with 40.02 API gravity and 0.3 pct sulfur. Posted prices from Esso (Imperial), Suncor, Petrocanada and Shell are totaled and averaged for the assessed value of Par crude.

Mixed Light Sour: The assessment is for mixed light sour delivered at Edmonton, Alberta. The posted price for Suncor-with 29.3 API gravity and 1.6 pct sulfur -- and the posted price for Petrocanada-with 31.0 API gravity and 1.0 pct sulfur -- are totaled and averaged for the assessed value of Mixed Light Sour.

Bow River/Hardisty: The assessment is for medium sour crude delivered at Hardisty, Alberta. The posted price for Petrocanada-with 25.72 API gravity and 2.1 pct sulfur-and the posted price for Koch (stream) are totaled and averaged for the assessed value of Bow River/Hardisty.

World Crude

The Platt's World Crude table is published on or about the 15th of every month. The table shows crude price averages and netbacks. Both monthly spot and official prices for a variety of crudes are represented. Spot crude prices are created by either a monthly average or a compilation of weekly averages plus or minus a differential. Official crude prices utilize official published crude pricing formulas. The "breakeven" price is an average netback price for the month at various locations.

Feeder Crudes

Many more crudes are quoted weekly in the Feeder Crudes table, available on Fridays on Platt's Global Alert and on Mondays in Oilgram Price Report. These follow the same date schedule as crudes assessed daily. For those crudes that appear in the Feeder Crudes table and also in daily assessments, the daily prices for the five previous publications of Platt's Oilgram Price Report are averaged and rounded to the nearest multiple of 5 cts. Other crudes then are priced on a differential to those crudes, based on prevailing market prices. Several other crudes are also assessed on a monthly basis in the World Crude Table, which appears mid month in Oilgram Price Report. For the refined product prices, the prices used are the assessments only for the previous day. Refined product prices are not averaged over five days.

Feeder crude prices are based on either weekly spot averages, official selling price formulas or on current spot differentials. Crudes based on a weekly spot average of Platt's quotes include: ANS, Arun, Attaka, Dated Brent, Cabinda, Cinta, Daqing, Dubai, Duri, Ekofisk, Es Sider, Flotta, Forcados, Forties, Gippsland, LLS, Minas, Oman, Suez Blend, Urals, WTI and WTS. Crude based on official selling formulas include: Arab Berri (FE formula), Arab Light (FE formula), Arab Medium (FE formula), Arab Heavy (FE formula), Iran Heavy (Oman/Dubai), Iran Light (Oman/Dubai), Isthmus (Western destinations), Kuwait (Oman/Dubai), Maya (Western destinations), Murban (Dubai), Qatar Blend (Dubai), Qatar Marine (Dubai), Umm Shaif (Dubai), Lower Zakum (Dubai). Crudes based on current spot differentials include: Amna, Bonny Light, Bonny Medium, Brass River, Brega, Cano Limon (delivered US Gulf), Kole, Mandji, Oriente (delivered US Gulf), Saharan Blend, Sarir, Sirtica, Zarzaitine and Zuetina.

Crude Oil Yield Formulas

Platt's Crude Oil Marketwire shows yields for three locations -- Houston, Rotterdam and a third location which changes daily. The schedule for the rotating location is as follows:

Monday -- New York/Philadelphia
Tuesday -- Singapore
Wednesday -- Caribbean/Cushing Oklahoma
Thursday -- Italy
Friday -- Los Angeles

The following crude grades are listed each day: Arab Light, Arab Medium, Arab Heavy, Dubai, Forcados, Bonny Light, Suez Blend, ANS, WTI.

Other crude grades are listed in rotation as follows: Isthmus......................Mon, Wed, Thur, Fri Maya.........................Mon, Wed, Fri Oriente......................Mon, Wed, Fri

Qatar Marine.............Tues Basrah.......................Tues Minas........................Tues, Fri Attaka.......................Tues, Fri Tapis...................….Tues Cinta........................Tues Daqing.......................Tues, Fri Iran Light and Iran Heavy....Wed, Thur Forties......................Wed Leona........................Wed Kirkuk.......................Thur Urals........................Thur Zueitina.....................Thur Saharan Blend...........Thur Sirtica......................Thur Sarir........................Thur

Certain crude grades are published in conjunction with certain refinery locations. For instance, Isthmus, a Mexican crude, is listed on days when Platt's shows refining centers that are likely to use such a grade.

Platt's Yield/Netback tables read as follows: The very first figure under the name of a particular crude grade lists the spot price from Platt's weekly Feeder Crude table (published every Friday).The first line under the Yield and Netback (N'back) columns represents cracking yields, while the second line shows topping yields. The netback figures list yields minus freight. The freight data incorporate daily Platt's freight assessments and Worldscale estimates for the relevant locations.

Effective January 2, 1996, Platt's revised its crude oil yield formulas. The revised formulas, developed in association with Bonner & Moore Associates, are used in all yield and netback tables published by Platt's.

Refinery yields of individual crude oil for different refining regions and configurations were generated using Bonner & Moore's proprietary linear programming system— Refining and Petrochemical Modeling System (RPMS 2000). Based on regional configurations, product specifications and prices, Bonner & Moore calculated cracking and topping yields for each crude. Refined product "excess" quality is minimized through the use of a linear programming tool such as RPMS 2000, which has the flexibility of using large pools of products for blend optimization.

Each regional refining representation was loaded with 100 units of the subject crude using open product demands and prices. The resulting product were used to calculate the crude yield pattern and operation cost.

In the US regions, a fixed ration of reformulated to conventional gasoline was used in the cracking yields structure, with the ratio depending on an estimated demand for the region. In Europe and Singapore, a fixed ratio of leaded to unleaded gasoline was set, again depending on the regional requirements. For each region, key specifications used are as follows:

Gasoline: Octane, vapor pressure, sulfur and benzene

Jet Fuel: Smoke point, sulfur, flash

Diesel: Sulfur, cetane

Fuel Oil: Sulfur, viscosity

Crude yields were calculated for two process configurations—topping and cracking— which represent the incremental available processing capacity in any given refining region. The configurations used are as follows:

Topping: Atmospheric distillation, vacuum distillation, naphtha hydrotreating, catalytic reforming, and light distillate hydrotreating capabilities were used. Neither vacuum gasoil (VGO) nor resid upgrading were available.

Cracking: Topping capacity plus VGO hydrotreating, catalytic cracking and alkylation capacity were available.

The regional yields are based on the refining capabilities of the various regions. Some crudes, particularly the high sulfur ones, required the blending of low sulfur fuel oil or purchase of diesel as cutter stock to produce high sulfur fuel oil (3%S).

Crude Oil Yield Formula Description

The yields presented are normalized yields that have been adjusted from the actual refinery yields generated by modeling the refinery processing for each crude oil using Bonner&Moore’s proprietary RPMSR2000 linear program refinery modeling system. These normalized yields provide an estimate of the refined product mix that could be expected from processing each crude oil either topping or cracking refinery configurations for each refining location.

The normalization process involves calculation of the yield of a given refined product as a volume fraction of the total volume of refined products, excluding the refinery fuel gas produced. The amount of refinery fuel gas produced varies dependent upon the refinery classification (topping, cracking), the refining location, and the crude oil being processed.

Refinery fuel consumed is also not indicated in the normalized yields. The total refinery fuel consumed would actually be the sum of the refinery fuel gas produced plus supplemental fuel oil, taken from the fuel oil produced, needed to meet the overall refinery fuel requirement. Refinery fuel consumption is calculated during the modeling in order to account for variable operating costs. However, similar to the amount of refinery fuel gas produced, the amount of refinery fuel required varies dependent upon the refinery classification (topping, cracking), the refining location, and the crude oil being processed.

As a general approximation, the following figures can be used for the amount of refinery fuel gas produced and total refinery fuel consumed:

Refinery Refinery Fuel Gas Fuel Produced Consumed

Light crude oil/Topping 2.0 Vol% 2.5 Vol% Light crude oil/Cracking 4.0 Vol% 4.5 Vol% Heavy crude oil/Topping 1.5 Vol% 3.0 Vol% Heavy crude oil/Cracking 3.5 Vol% 5.0 Vol%

If estimates of the net yields of refined products as a volume fraction of crude oil feed are required, the two steps must be taken to convert the normalized yields as shown to estimates of net yields from the modeling. Firstly, the normalized yields must be adjusted to include the refinery fuel gas produced. Secondly, the amount of fuel oil needed to supplement the refinery fuel gas produced to meet the total refinery fuel requirement must be backed out of the yield of fuel oil.

Using the example of Ekofisk crude oil yields for the Rotterdam cracking, the total refinery fuel consumed would be of order 4.5 Vol% (light crude oil/cracking), of 4.0Vol% (light crude oil/cracking) will be the refinery fuel gas produced. Subsequently, 0.5 Vol% of supplemental fuel oil will be required, reducing the yield of LSFO from 18.3 Vol% to

17.8 Vol%, as follows: Note that the estimates of net model yields calculated in this fashion provide a close approximation of refinery yields ex-crude, , but do not include the volume loss (or gain) associated with processing the crude oil. This refinery yield component is small but varies greatly dependent upon the crude oil being processed, refinery configuration, and refining location. Consequently, general adjustment factors, similar to those provided above for refinery fuel consumed, can not be applied without risk of significant error. Indicative volume loss (or gain) data showing percentages on crude oil feed would be:

Normalized Yield Adjusted YieldNet Model Yield
(Volume Fraction) (Volume Fraction) (Volume Fraction)
PRM-0.15 0.14 0.134 0.134
PRM-UNL 0.12 0.115 0.115
REG-UNL 0.00 0.000 0.000
Naphtha 0.15 0.144 0.144
Jet/Kero 0.16 0.154 0.154
Gasoil 0.2%S 0.20 0.192 0.192
LSFO 1.0%S 0.19 0.183 0.178
HSFO 3.5%S 0.00 0.000 0.000
Butane Normal 0.02 0.019 0.019
LPG 0.02 0.019 0.019
Total Refined Products 1.00 0.960 0.955
Refinery Fuel Gas 0.040 0.040
Refinery Fuel Oil 0.005
Total Refinery Production 1.000 1.000

Loss/(Gain)

Light crude oil/Topping 0.7 Vol% Light crude oil/Cracking (1.3) Vol % Heavy crude oil/Topping 0.5 Vol% Heavy crude oil/Cracking (1.5) Vol%

Also included in the yield development process is adjustment for the use of cutter stock in the residual fuel oil pool. Where a diesel/gasoil cutterstock is required for viscosity blending purposes, the volume needed is backed out of the yield of diesel/gasoil produced. Similarly, where a low sulfur residual fuel oil cutterstock is required for sulfur blending purposes, the volume needed is backed out of the yield of low sulfur residual fuel oil produced.

Refining costs are included in the modeling cases in terms of average variable refinery operating costs, which are estimated for each refining classification (topping, cracking) in each refining location. The variable operating costs considered are refinery fuel (discussed above), utilities, and catalyst/chemicals.

Products For Platt’s Yield Structures: Houston/Cushing: Product Platt’s Assessment PRM-93 US Gulf Coast Waterborne Prem Unl 93 PRM-RFG US Gulf Coast Waterborne Prem Unl 93 RFG UNL-87 US Gulf Coast Waterborne Unl 87 UNL-RFG US Gulf Coast Waterborne Unl 87 RFG Jet/Kero US Gulf Coast Waterborne Jet/Kero 54 Diesel US Gulf Coast Waterborne Low Sulfur No. 2 LSFO 0.7%S US Gulf Coast Waterborne No. 6 0.7%S MSFO 1.0%S US Gulf Coast Waterborne No. 6 1.0%S 10.5 API Butane Mont Belvieu Normal Butane LPG Mont Belvieu Propane MTBE US Gulf Coast Waterborne

New York/Philadelphia: For gasoline yields, use New York assessments and subtract the USAC clean tanker rate in $/MT. Product Platt’s Assessment PRM-93 Super Unl 93 New York Barge PRM-RFG Super Unl 93 RFG New York Barge UNL-87 Unl 87 New York Barge UNL-RFG Unl 87 RFG New York Barge Jet/Kero Caribbean Cargoes, FOB Jet Kerosene Diesel Caribbean Cargoes, FOB Gasoil MSFO 2.0%S Caribbean Cargoes, FOB No. 6 2.0%S HSFO 2.8%S Caribbean Cargoes, FOB No. 6 2.8%S Butane Mont Belvieu Normal Butane LPG Mont Belvieu Propane MTBE US Gulf Coast Waterborne

Product Platt’s Assessment
PRM-93 Super Unl 93 New York Barge
PRM-RFG Super Unl 93 RFG New York Barge
UNL-87 Unl-87 New York Barge
UNL-RFG Unl-87 RFG New York Barge
Jet/Kero Low Sulfur Jet/Kero New York Barge
Diesel Low Sulfur No. 2 New York Barge
LSFO 0.3%S No. 6 0.3%S Low Pour Barge
MSFO 1.0%S No. 6 1%S Max Barge
HSFO 3.0%S No. 6 3.0%S Max Barge
Butane Mont Belvieu Normal Butane
LPG Mont Belvieu Propane
MTBE US Gulf Coast Waterborne plus a differential
Los Angeles:
Product Platt’s Assessment
PRM-92 Los Angeles Prem Unl 92
PRM-RFG Los Angeles CARB Prem
UNL-87 Los Angeles Unl-87
UNL-RFG Los Angeles CARB Unl
Jet/Kero Los Angeles Jet Fuel
Diesel Los Angeles Low Sulfur No. 2
LSFO 0.5%S West Coast Waterborne No. 6 0.5%S
MSFO 1.0%S West Coast Waterborne No. 6 1.0%S
HSFO 3.0%S West Coast Waterborne 180 CST divided by 6.64
Butane Mont Belvieu Normal Butane
LPG Mont Belvieu Propane
MTBE US Gulf Coast Waterborne plus a differential
Caribbean:

ANS 0.13 0.06 0.16 0.07 0.05 0.21 0.29 0.00 0.00 0.03 -0.01 Arabian

Rotterdam:
Product Platt’s Assessment
PRM-0.15 Barges FOB Rotterdam Prem 0.15 G/L
PRM-UNL Barges FOB Rotterdam Prem Unl
REG-UNL Barges FOB Rotterdam Reg Unl
Naphtha Barges FOB Rotterdam Naphtha Physical
Jet/Kero Barges FOB Rotterdam Jet Kerosene
Gasoil Barges FOB Rotterdam Gasoil 0.2%S
LSFO 1.0%S Barges FOB Rotterdam 1%S Fuel Oil
HSFO 3.5%S Barges FOB Rotterdam 3.5%S Fuel Oil
Butane Butane FOB ARA
LPG Propane FOB ARA
Italy:
Product Platt’s Assessment
PRM-0.15 FOB Med Basis Italy Prem 0.15 G/L
PRM-UNL FOB Med Basis Italy Unl Prem
REG -UNL FOB Med Basis Italy Reg Unl
Naphtha FOB Med
Jet/Kero FOB Med Basis Italy Jet Kerosene
Gasoil FOB Med Basis Italy Gasoil 0.2%S
LSFO 1.0%S FOB Med Basis Italy 1%S Fuel Oil
HSFO 3.5%S FOB Med Basis Italy 3.5%S Fuel Oil
LPG Propane FOB Ex-ref/stor
Singapore:
Product Platt’s Assessment
PRM-97 Singapore Mogas 97 Unl
PRM-95 Singapore Mogas 95 Unl
UNL-92 Singapore Mogas 92 Unl
Naphtha Singapore Naphtha
Jet/Kero Singapore Kerosene
Gasoil Singapore Gasoil 0.5%S
LSWR 0.3%S Singapore LSWR Mixed/Cracked
HSFO 180 CST Singapore HSFO 180 CST
HSFO 380 CST Singapore HSFO 380 CST
LPG Saudi Arabia FOB Contract Propane
Crude Yield for Caribbean *Yields were Normalized
Cracking Yield
Gasolines Jet/Kero Diesel MSFO HSFO Butane LPG MTBE
PRM-93 PRM-RFG UNL-87 UNL-RFG No.2 2.0%S 2.8%S Normal
Heavy 0.12 0.05 0.12 0.05 0.00 0.00 0.07 0.56 0.00 0.03 -0.01
Arabian
Light 0.00 0.00 0.34 0.15 0.05 0.18 0.00 0.25 0.00 0.03 -0.02
Arabian
Medium 0.15 0.06 0.11 0.05 0.00 0.00 0.25 0.34 0.00 0.04 -0.01
Bachaquero
17 0.00 0.00 0.10 0.04 0.04 0.00 0.57 0.24 0.00 0.01 0.00
Bonny
Light 0.19 0.08 0.14 0.06 0.10 0.35 0.04 0.00 0.00 0.04 -0.02
Brent 0.24 0.10 0.12 0.05 0.09 0.26 0.08 0.00 0.01 0.05 -0.02
Dubai 0.02 0.01 0.20 0.09 0.15 0.11 0.40 0.00 0.00 0.02 -0.01
Ekofisk 0.28 0.12 0.07 0.03 0.09 0.20 0.17 0.00 0.00 0.04 -0.02
Escravos 0.21 0.09 0.11 0.05 0.11 0.34 0.06 0.00 0.00 0.03 -0.01
Forcados 0.10 0.04 0.21 0.09 0.08 0.00 0.45 0.00 0.00 0.03 -0.02
Forties 0.21 0.09 0.10 0.04 0.10 0.28 0.12 0.00 0.01 0.05 -0.01
Iranian
Heavy 0.05 0.02 0.27 0.12 0.07 0.16 0.00 0.28 0.00 0.03 -0.02
Iranian
Light 0.11 0.05 0.21 0.09 0.15 0.10 0.06 0.19 0.00 0.04 -0.02
Isthmus 0.15 0.06 0.15 0.07 0.10 0.17 0.03 0.24 0.00 0.03 -0.01
Leona 0.00 0.00 0.29 0.12 0.06 0.00 0.51 0.00 0.00 0.02 -0.01
Maya 0.09 0.04 0.10 0.04 0.00 0.00 0.01 0.62 0.08 0.02 -0.01
Oriente 0.14 0.06 0.16 0.07 0.07 0.17 0.30 0.00 0.00 0.03 -0.01
Pennington 0.18 0.08 0.08 0.03 0.12 0.47 0.01 0.00 0.00 0.03 -0.01
Qua Ibo 0.24 0.10 0.08 0.03 0.27 0.13 0.12 0.00 0.00 0.03 -0.01
Suez
Blend 0.04 0.02 0.28 0.12 0.08 0.15 0.10 0.18 0.00 0.03 -0.02
WTI 0.29 0.12 0.06 0.03 0.11 0.25 0.10 0.00 0.00 0.04 -0.02
Wyoming
Sweet 0.24 0.10 0.09 0.04 0.10 0.25 0.14 0.00 0.00 0.04 -0.02
Crude Yield for Caribbean *Yields were Normalized
Topping Yield
Gasolines Jet/Kero Diesel MSFO HSFO Butane LPG MTBE
PRM-93 PRM-RFG UNL-87 UNL-RFG No.2 2.0%S 2.8%S Normal
ANS 0.00 0.00 0.14 0.00 0.06 0.21 0.57 0.00 0.00 0.02 0.00
Arabian
Heavy 0.00 0.00 0.21 0.00 0.00 0.00 -0.08 0.83 0.00 0.04 0.00
Arabian
Light 0.00 0.00 0.20 0.00 0.11 0.15 0.04 0.48 0.00 0.02 0.00
Arabian
Medium 0.00 0.00 0.23 0.00 0.00 0.00 -0.03 0.76 0.00 0.04 0.00
Bachaquero
17 0.08 0.00 0.00 0.00 0.00 -0.01 0.92 0.00 0.00 0.01 0.00
Bonny
Light 0.00 0.00 0.21 0.00 0.08 0.38 0.30 0.00 0.00 0.03 0.00
Brent 0.00 0.00 0.25 0.00 0.09 0.24 0.37 0.00 0.01 0.04 0.00
Dubai 0.00 0.00 0.17 0.00 0.16 0.06 0.00 0.59 0.00 0.02 0.00
Ekofisk 0.00 0.00 0.30 0.00 0.00 0.34 0.33 0.00 0.00 0.03 0.00
Escravos 0.00 0.00 0.22 0.00 0.02 0.43 0.30 0.00 0.00 0.03 0.00
Forcados 0.00 0.00 0.11 0.00 0.08 0.00 0.80 0.00 0.00 0.01 0.00
Forties 0.00 0.00 0.22 0.00 0.04 0.35 0.34 0.00 0.01 0.04 0.00
Iranian
Heavy 0.00 0.00 0.19 0.00 0.08 0.14 0.28 0.28 0.00 0.03 0.00
Iranian
Light 0.00 0.00 0.21 0.00 0.16 0.08 0.37 0.14 0.01 0.03 0.00
Isthmus 0.00 0.00 0.23 0.00 0.10 0.17 0.25 0.22 0.00 0.03 0.00
Leona 0.00 0.00 0.10 0.00 0.07 0.00 0.81 0.01 0.00 0.01 0.00
Maya 0.00 0.00 0.18 0.00 0.00 0.00 -0.15 0.95 0.00 0.02 0.00
Oriente 0.00 0.00 0.15 0.00 0.07 0.18 0.59 0.00 0.00 0.01 0.00
Pennington 0.00 0.00 0.18 0.00 0.04 0.54 0.22 0.00 0.00 0.02 0.00
Suez
Blend 0.00 0.00 0.18 0.00 0.08 0.13 0.37 0.20 0.01 0.03 0.00
WTI 0.00 0.00 0.31 0.00 0.11 0.22 0.32 0.00 0.00 0.04 0.00
Wyoming
Sweet 0.00 0.00 0.25 0.00 0.11 0.24 0.36 0.00 0.00 0.04 0.00
Crude Yield for Houston/Cushing *Yields were Normalized
Cracking Yield
Gasolines Jet/Kero Diesel LSFO MSFO HSFO Butane LPG MTBE
PRM-93 PRM-RFG UNL-87 UNL-RFG No.2 0.7%S 2.0%S 2.8%S Normal
Amna 0.13 0.06 0.15 0.06 0.21 0.09 0.27 0.00 0.00 0.00 0.03 -0.01
ANS 0.13 0.06 0.17 0.07 0.11 0.15 0.00 0.00 0.28 0.00 0.03 -0.01
Arabian
Berri 0.05 0.02 0.27 0.12 0.18 0.18 0.05 0.00 0.10 0.00 0.03 -0.02
Arabian
Heavy 0.12 0.05 0.12 0.05 0.00 0.00 0.07 0.00 0.56 0.00 0.03 -0.01
Arabian
Light 0.00 0.00 0.34 0.15 0.14 0.07 0.04 0.00 0.23 0.00 0.03 -0.02
Arabian
Medium 0.12 0.05 0.07 0.03 0.17 0.04 0.03 0.00 0.46 0.00 0.03 -0.01
Arun
Cond 0.00 0.00 0.32 0.14 0.29 0.10 0.00 0.00 0.00 0.08 0.07 0.05
Attaka 0.52 0.06 0.00 0.00 0.00 0.00 0.38 0.00 0.00 0.00 0.04 0.01
Bachaquero
17 0.00 0.00 0.11 0.05 0.12 0.00 0.13 0.00 0.58 0.00 0.01 0.01
Basrah
Light 0.00 0.00 0.25 0.11 0.22 0.05 0.07 0.00 0.27 0.00 0.03 -0.01
Bonny
Light 0.18 0.08 0.16 0.07 0.27 0.14 0.06 0.00 0.00 0.00 0.04 -0.02
Bonny
Medium 0.07 0.03 0.25 0.11 0.19 0.00 0.33 0.00 0.00 0.00 0.02 -0.02
Brass
River 0.22 0.09 0.10 0.04 0.36 0.13 0.01 0.01 0.00 0.00 0.04 -0.01
Brega 0.22 0.09 0.10 0.04 0.27 0.11 0.13 0.00 0.00 0.00 0.04 -0.01
Brent 0.23 0.10 0.11 0.05 0.21 0.14 0.00 0.10 0.01 0.01 0.04 -0.02
Cabinda 0.15 0.07 0.15 0.06 0.17 0.08 0.29 0.00 0.00 0.00 0.03 -0.01
Cano
Limon 0.14 0.06 0.12 0.05 0.24 0.11 0.00 0.26 0.00 0.00 0.02 -0.01
Cinta 0.09 0.04 0.18 0.08 0.15 0.08 0.36 0.00 0.00 0.00 0.02 -0.01
Daqing 0.09 0.04 0.16 0.07 0.13 0.08 0.41 0.00 0.00 0.00 0.02 -0.01
Dubai 0.12 0.05 0.07 0.03 0.15 0.11 0.23 0.00 0.21 0.00 0.03 -0.01
Duri 0.01 0.01 0.23 0.10 0.09 0.00 0.54 0.00 0.00 0.00 0.02 -0.01
Ekofisk 0.28 0.12 0.06 0.03 0.20 0.08 0.19 0.00 0.00 0.00 0.04 -0.02

Es Sider 0.17 0.07 0.12 0.05 0.25 0.14 0.00 0.17 0.00 0.00 0.03 -0.01 Crude Yield for Houston/Cushing (continued) *Yields were Normalized

Cracking Yield
Gasolines Jet/Kero Diesel LSFO MSFO HSFO Butane LPG MTBE
PRM-93 PRM-RFG UNL-87 UNL-RFG No.2 0.7%S 2.0%S 2.8%S Normal
Escravos 0.20 0.09 0.13 0.06 0.26 0.14 0.09 0.00 0.00 0.00 0.03 -0.02
Flotta
Blend 0.11 0.05 0.21 0.09 0.09 0.23 0.02 0.00 0.16 0.00 0.04 -0.02
Forcados 0.10 0.04 0.21 0.09 0.23 0.00 0.30 0.00 0.00 0.00 0.03 -0.02
Forties 0.21 0.09 0.12 0.05 0.24 0.12 0.05 0.07 0.00 0.00 0.05 -0.02
Gippsland 0.33 0.14 0.04 0.02 0.24 0.14 0.00 0.04 0.00 0.00 0.05 -0.02
Hout 0.00 0.00 0.27 0.12 0.18 0.07 0.07 0.00 0.27 0.00 0.02 -0.01
Iranian
Heavy 0.05 0.02 0.27 0.12 0.08 0.15 0.00 0.00 0.28 0.00 0.03 -0.02
Iranian
Light 0.11 0.05 0.21 0.09 0.16 0.08 0.04 0.00 0.22 0.00 0.04 -0.02
Isthmus 0.15 0.06 0.16 0.07 0.20 0.04 0.06 0.00 0.23 0.00 0.03 -0.01
Khafji 0.10 0.04 0.15 0.06 0.00 0.00 0.06 0.00 0.55 0.00 0.04 -0.01
Kirkuk 0.19 0.08 0.17 0.07 0.00 0.00 0.17 0.00 0.28 0.00 0.04 -0.02
Kole 0.21 0.09 0.09 0.04 0.26 0.11 0.12 0.04 0.00 0.00 0.04 -0.01
Kuwait 0.14 0.06 0.12 0.05 0.00 0.00 0.13 0.00 0.47 0.00 0.03 -0.01
Leona 0.00 0.00 0.27 0.12 0.21 0.00 0.12 0.00 0.26 0.00 0.02 -0.01
Mandji 0.15 0.06 0.14 0.06 0.10 0.16 0.00 0.00 0.30 0.00 0.03 -0.01
Maya 0.11 0.05 0.10 0.04 0.00 0.00 0.04 0.00 0.64 0.00 0.02 -0.01
Minas 0.11 0.05 0.16 0.07 0.19 0.08 0.32 0.00 0.00 0.00 0.02 0.01
Murban 0.16 0.07 0.14 0.06 0.23 0.20 0.02 0.00 0.09 0.00 0.03 0.01
Oman
Blend 0.15 0.06 0.13 0.06 0.23 0.09 0.00 0.01 0.24 0.00 0.03 0.01
Oriente 0.14 0.06 0.16 0.07 0.12 0.12 0.00 0.00 0.30 0.00 0.03 0.01
Pennington 0.17 0.07 0.11 0.05 0.34 0.17 0.06 0.00 0.00 0.00 0.03 -0.01
Qatar
Dukhan 0.07 0.03 0.24 0.11 0.13 0.28 0.01 0.00 0.10 0.00 0.03 -0.01
Qatar
Marine 0.00 0.00 0.32 0.14 0.13 0.21 0.03 0.00 0.14 0.00 0.03 -0.02
Qua Ibo 0.22 0.10 0.08 0.03 0.27 0.12 0.15 0.00 0.00 0.00 0.03 -0.01
Saharan
Blend 0.32 0.14 0.04 0.02 0.25 0.11 0.05 0.00 0.00 0.02 0.05 -0.02
Sirtica 0.28 0.12 0.04 0.02 0.24 0.11 0.00 0.13 0.02 0.00 0.04 -0.01
Crude Yield for Houston/Cushing (continued) *Yields were Normalized
Cracking Yield
Gasolines Jet/Kero Diesel LSFO MSFO HSFO Butane LPG MTBE
PRM-93 PRM-RFG UNL-87 UNL-RFG No.2 0.7%S 2.0%S 2.8%S Normal
Sarir 0.14 0.06 0.15 0.06 0.23 0.10 0.23 0.00 0.00 0.00 0.03 -0.01
Suez
Blend 0.03 0.01 0.28 0.12 0.10 0.13 0.05 0.00 0.25 0.00 0.03 -0.02
Tapis 0.21 0.09 0.05 0.02 0.41 0.17 0.02 0.00 0.00 0.00 0.03 -0.01
T-J-Light 0.12 0.05 0.18 0.08 0.13 0.15 0.00 0.00 0.26 0.00 0.03 -0.01
T-J
Medium 0.01 0.01 0.26 0.11 0.07 0.16 0.00 0.00 0.36 0.00 0.02 -0.01
Umm
Shaif 0.01 0.01 0.30 0.13 0.15 0.19 0.04 0.00 0.14 0.00 0.03 -0.02
Urals 0.00 0.00 0.32 0.14 0.13 0.14 0.06 0.00 0.18 0.00 0.03 -0.02
WTI 0.28 0.12 0.07 0.03 0.22 0.11 0.00 0.13 0.00 0.00 0.04 -0.02
WTS 0.03 0.01 0.31 0.13 0.05 0.25 0.00 0.00 0.19 0.00 0.03 -0.02
Wyoming
Sweet 0.24 0.10 0.08 0.04 0.22 0.14 0.00 0.00 0.14 0.00 0.04 -0.02
L. Zakum 0.08 0.03 0.24 0.10 0.13 0.21 0.03 0.00 0.14 0.00 0.04 -0.02
Zarzaitine 0.23 0.10 0.08 0.04 0.27 0.12 0.12 0.00 0.00 0.00 0.04 -0.01
Zueitina 0.20 0.09 0.10 0.04 0.31 0.13 0.09 0.01 0.00 0.00 0.03 -0.01
Crude Yield for Houston/Cushing *Yields were Normalized
Topping Yield
Gasolines Jet/Kero Diesel LSFO MSFO HSFO Butane LPG MTBE
PRM-93 PRM-RFG UNL-87 UNL-RFG No.2 0.7%S 2.0%S 2.8%S Normal
Amna 0.00 0.00 0.13 0.00 0.22 0.09 0.54 0.00 0.00 0.00 0.02 0.00
ANS 0.00 0.00 0.14 0.00 0.13 0.11 0.00 0.16 0.44 0.00 0.02 0.00
Arabian
Berri 0.00 0.00 0.18 0.00 0.30 0.00 0.14 0.01 0.35 0.00 0.02 0.00
Arabian
Heavy 0.00 0.00 0.21 0.00 0.00 0.00 -0.10 0.00 0.85 0.00 0.04 0.00
Arabian
Light 0.00 0.00 0.20 0.00 0.24 0.00 0.09 0.00 0.45 0.00 0.02 0.00
Arabian
Medium 0.00 0.00 0.17 0.00 0.17 0.03 -0.15 0.00 0.74 0.01 0.03 0.00
Arun
Cond 0.00 0.00 0.47 0.00 0.23 0.18 0.01 0.00 0.00 0.03 0.08 0.00
Crude Yield for Houston/Cushing (continued) *Yields were Normalized
Topping Yield
Gasolines Jet/Kero Diesel LSFO MSFO HSFO Butane LPG MTBE
PRM-93 PRM-RFG UNL-87 UNL-RFG No.2 0.7%S 2.0%S 2.8%S Normal
Attaka 0.00 0.00 0.56 0.00 0.00 0.00 0.40 0.00 0.00 0.00 0.04 0.00
Bachaquero
17 0.00 0.00 0.06 0.00 0.12 0.00 0.08 0.00 0.73 0.00 0.01 0.00
Basrah
Light 0.00 0.00 0.18 0.00 0.24 0.00 0.00 0.00 0.55 0.00 0.03 0.00
Bonny
Light 0.00 0.00 0.20 0.00 0.28 0.13 0.36 0.00 0.00 0.00 0.03 0.00
Bonny
Medium 0.00 0.00 0.07 0.00 0.20 0.00 0.72 0.00 0.00 0.00 0.01 0.00
Brass River 0.00 0.00 0.32 0.00 0.36 0.11 0.17 0.00 0.00 0.00 0.04 0.00
Brega 0.00 0.00 0.22 0.00 0.27 0.08 0.39 0.00 0.00 0.00 0.04 0.00
Brent 0.00 0.00 0.23 0.00 0.22 0.08 0.42 0.00 0.00 0.01 0.04 0.00
Cabinda 0.00 0.00 0.15 0.00 0.18 0.08 0.57 0.00 0.00 0.00 0.02 0.00
Cano
Limon 0.00 0.00 0.14 0.00 0.26 0.10 0.11 0.38 0.00 0.00 0.01 0.00
Cinta 0.00 0.00 0.08 0.00 0.15 0.08 0.68 0.00 0.00 0.00 0.01 0.00
Daqing 0.00 0.00 0.09 0.00 0.14 0.08 0.68 0.00 0.00 0.00 0.01 0.00
Dubai 0.00 0.00 0.17 0.00 0.15 0.10 0.02 0.00 0.54 0.00 0.02 0.00
Duri 0.00 0.00 0.01 0.00 0.10 0.00 0.89 0.00 0.00 0.00 0.00 0.00
Ekofisk 0.00 0.00 0.29 0.00 0.21 0.08 0.39 0.00 0.00 0.00 0.03 0.00
Es Sider 0.00 0.00 0.16 0.00 0.28 0.09 0.43 0.00 0.00 0.01 0.03 0.00
Escravos 0.00 0.00 0.21 0.00 0.27 0.11 0.38 0.00 0.00 0.00 0.03 0.00
Flotta
Blend 0.00 0.00 0.18 0.00 0.25 0.00 0.00 0.18 0.34 0.02 0.03 0.00
Forcados 0.00 0.00 0.11 0.00 0.25 0.00 0.63 0.00 0.00 0.00 0.01 0.00
Forties 0.00 0.00 0.21 0.00 0.24 0.09 0.41 0.00 0.00 0.01 0.04 0.00
Gippsland 0.00 0.00 0.35 0.00 0.24 0.09 0.27 0.00 0.00 0.00 0.05 0.00
Hout 0.00 0.00 0.18 0.00 0.13 0.14 0.00 0.00 0.53 0.00 0.02 0.00
Iranian
Heavy 0.00 0.00 0.19 0.00 0.20 0.00 0.12 0.00 0.46 0.00 0.03 0.00
Iranian
Light 0.00 0.00 0.20 0.00 0.22 0.00 0.09 0.03 0.42 0.01 0.03 0.00
Isthmus 0.00 0.00 0.23 0.00 0.24 0.00 0.11 0.00 0.39 0.00 0.03 0.00
Crude Yield for Houston/Cushing (continued) *Yields were Normalized
Topping Yield
Gasolines Jet/Kero Diesel LSFO MSFO HSFO Butane LPG MTBE
PRM-92 PRM-RFG UNL-87 UNL-RFG No.2 0.7%S 1.0%S 3.0%S Normal
Khafji 0.00 0.00 0.22 0.00 0.00 0.00 -0.10 0.00 0.83 0.01 0.04 0.00
Kirkuk 0.00 0.00 0.33 0.00 0.00 0.00 0.12 0.00 0.51 0.00 0.04 0.00
Kole 0.00 0.00 0.21 0.00 0.26 0.09 0.41 0.00 0.00 0.00 0.03 0.00
Kuwait 0.00 0.00 0.21 0.00 0.00 0.00 0.00 0.00 0.76 0.00 0.03 0.00
Leona 0.00 0.00 0.10 0.00 0.22 0.00 0.16 0.00 0.51 0.00 0.01 0.00
Mandji 0.00 0.00 0.17 0.00 0.14 0.10 0.00 0.14 0.43 0.00 0.02 0.00
Maya 0.00 0.00 0.18 0.00 0.00 0.00 -0.12 0.00 0.92 0.00 0.02 0.00
Minas 0.00 0.00 0.11 0.00 0.20 0.08 0.60 0.00 0.00 0.00 0.01 0.00
Murban 0.00 0.00 0.20 0.00 0.32 0.05 0.00 0.22 0.18 0.00 0.03 0.00
Oman
Blend 0.00 0.00 0.15 0.00 0.25 0.02 0.00 0.40 0.16 0.00 0.02 0.00
Oriente 0.00 0.00 0.15 0.00 0.14 0.09 0.00 0.15 0.46 0.00 0.01 0.00
Pennington 0.00 0.00 0.18 0.00 0.35 0.13 0.32 0.00 0.00 0.00 0.02 0.00
Qatar
Dukhan 0.00 0.00 0.22 0.00 0.33 0.00 0.11 0.03 0.27 0.01 0.03 0.00
Qatar
Marine 0.00 0.00 0.18 0.00 0.31 0.00 0.13 0.02 0.34 0.00 0.02 0.00
Qua Ibo 0.00 0.00 0.23 0.00 0.27 0.10 0.37 0.00 0.00 0.00 0.03 0.00
Saharan
Blend 0.00 0.00 0.35 0.00 0.25 0.08 0.25 0.00 0.00 0.02 0.05 0.00
Sirtica 0.00 0.00 0.30 0.00 0.24 0.09 0.14 0.19 0.00 0.00 0.04 0.00
Sarir 0.00 0.00 0.14 0.00 0.24 0.09 0.51 0.00 0.00 0.00 0.02 0.00
Suez
Blend 0.00 0.00 0.18 0.00 0.20 0.00 0.13 0.00 0.45 0.01 0.03 0.00
Tapis 0.00 0.00 0.22 0.00 0.16 0.45 0.15 0.00 0.00 0.00 0.02 0.00
T-J-Light 0.00 0.00 0.18 0.00 0.14 0.16 0.00 0.05 0.44 0.00 0.03 0.00
T-J-
Medium 0.00 0.00 0.11 0.00 0.10 0.16 0.00 0.04 0.57 0.00 0.02 0.00
Umm
Shaif 0.00 0.00 0.19 0.00 0.29 0.00 0.13 0.00 0.35 0.01 0.03 0.00
Urals 0.00 0.00 0.15 0.00 0.27 0.00 0.13 0.00 0.41 0.01 0.03 0.00

WTI 0.00 0.00 0.30 0.00 0.22 0.08 0.36 0.00 0.00 0.00 0.04 0.00 Crude Yield for Houston/Cushing (continued) *Yields were Normalized

Topping Yield
Gasolines PRM-93 PRM-RFG Jet/Kero Diesel UNL-87 UNL-RFG No.2 LSFO 0.7%S MSFO 2.0%S HSFO 2.8%S Butane Normal LPG MTBE
WTS 0.00 Wyoming Sweet 0.00 L. Zakum 0.00 Zarzaitine 0.00 Zueitina 0.00 0.00 0.00 0.00 0.00 0.00 0.17 0.25 0.21 0.24 0.20 0.00 0.00 0.00 0.00 0.00 0.23 0.25 0.29 0.28 0.31 0.00 0.09 0.00 0.08 0.09 0.17 0.04 0.12 0.35 0.37 0.00 0.32 0.03 0.00 0.00 0.41 0.00 0.30 0.00 0.00 0.00 0.01 0.01 0.01 0.00 0.02 0.04 0.04 0.04 0.03 0.00 0.00 0.00 0.00 0.00
Crude Yield for Italy Cracking Yield *Yields were Normalized
PRM-0.15 Gasolines PRM-Unl Naphtha Jet/Kero Gasoil REG-Unl 0.2%S LSFO 1.0%S HSFO 3.5%S LPG
Amna ANS Arabian Berri Arabian Heavy Arabian Light Arabian Medium Arun Cond Attaka Bachaquero 17 Basrah Light Bonny Light Bonny Medium Brass River Brega Brent 0.00 0.00 0.00 0.05 0.00 0.01 0.19 0.38 0.00 0.01 0.00 0.05 0.09 0.00 0.02 0.20 0.26 0.26 0.05 0.22 0.21 0.09 0.15 0.16 0.23 0.22 0.16 0.17 0.22 0.24 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.05 0.05 0.08 0.05 0.07 0.07 0.21 0.06 0.03 0.07 0.09 0.02 0.13 0.11 0.10 0.18 0.16 0.25 0.20 0.20 0.21 0.26 0.00 0.05 0.22 0.26 0.27 0.24 0.23 0.16 0.15 0.00 0.15 0.00 0.16 0.02 0.13 0.00 0.00 0.09 0.17 0.00 0.24 0.16 0.23 0.36 0.27 0.03 0.00 0.00 0.00 0.00 0.38 0.00 0.00 0.18 0.45 0.07 0.20 0.18 0.00 0.20 0.16 0.63 0.30 0.43 0.00 0.00 0.73 0.31 0.00 0.00 0.00 0.00 0.00 0.06 0.06 0.07 0.02 0.05 0.05 0.12 0.03 0.03 0.07 0.08 0.05 0.06 0.08 0.07
Crude Yield for Italy (continued) Cracking Yield *Yields were Normalized
PRM-0.15 Gasolines PRM-Unl Naphtha Jet/Kero Gasoil REG-Unl 0.2%S LSFO 1.0%S HSFO 3.5%S LPG
Cano Limon 0.00 0.25 0.00 0.02 0.14 0.12 0.42 0.00 0.05
Cinta 0.00 0.22 0.00 0.02 0.13 0.12 0.46 0.00 0.05
Daqing 0.00 0.17 0.00 0.03 0.03 0.28 0.45 0.00 0.04
Dubai 0.00 0.26 0.00 0.07 0.16 0.17 0.00 0.27 0.07
Duri 0.02 0.14 0.00 0.01 0.11 0.00 0.70 0.00 0.02
Ekofisk 0.03 0.24 0.00 0.15 0.17 0.19 0.18 0.00 0.04
Es Sider 0.00 0.18 0.00 0.10 0.16 0.21 0.29 0.00 0.06
Escravos 0.00 0.27 0.00 0.09 0.24 0.15 0.18 0.00 0.07
Flotta Blend 0.00 0.24 0.00 0.09 0.16 0.19 0.00 0.23 0.09
Forcados 0.01 0.22 0.00 0.03 0.30 0.00 0.38 0.00 0.06
Forties 0.00 0.24 0.00 0.10 0.19 0.16 0.22 0.00 0.09
Gippsland 0.08 0.21 0.00 0.18 0.12 0.25 0.08 0.00 0.08
Hout 0.00 0.24 0.00 0.08 0.18 0.11 0.00 0.34 0.05
Iranian
Heavy 0.00 0.24 0.00 0.07 0.13 0.15 0.00 0.34 0.07
Iranian
Light 0.00 0.25 0.00 0.08 0.20 0.13 0.00 0.26 0.08
Isthmus 0.04 0.21 0.00 0.08 0.21 0.17 0.00 0.23 0.06
Khafji 0.11 0.01 0.00 0.08 0.16 0.05 0.00 0.53 0.06
Kirkuk 0.05 0.19 0.00 0.12 0.26 0.00 0.00 0.32 0.06
Kole 0.06 0.18 0.00 0.07 0.15 0.21 0.27 0.00 0.06
Kuwait 0.01 0.21 0.00 0.07 0.22 0.01 0.00 0.42 0.06
Leona 0.00 0.23 0.00 0.04 0.21 0.00 0.06 0.41 0.05
Mandji 0.00 0.23 0.00 0.06 0.11 0.16 0.00 0.38 0.06
Maya 0.05 0.06 0.00 0.04 0.18 0.00 0.00 0.64 0.03
Minas 0.01 0.18 0.00 0.03 0.18 0.18 0.38 0.00 0.04
Murban 0.00 0.26 0.00 0.08 0.27 0.16 0.03 0.13 0.07
Oman Blend 0.00 0.22 0.00 0.06 0.17 0.16 0.07 0.25 0.07
Oriente 0.02 0.23 0.00 0.05 0.08 0.16 0.00 0.42 0.04
Pennington 0.04 0.21 0.00 0.05 0.18 0.36 0.11 0.00 0.05
Crude Yield for Italy (continued) *Yields were Normalized
Cracking Yield
Gasolines Naphtha Jet/Kero Gasoil LSFO HSFO LPG
PRM-0.15 PRM-Unl REG-Unl 0.2%S 1.0%S 3.5%S
Qatar
Dukhan 0.01 0.23 0.00 0.11 0.28 0.14 0.02 0.14 0.07
Qatar
Marine 0.04 0.21 0.00 0.07 0.00 0.43 0.00 0.20 0.05
Qua Ibo 0.00 0.26 0.00 0.10 0.24 0.14 0.19 0.00 0.07
Saharan
Blend 0.08 0.17 0.00 0.15 0.20 0.23 0.08 0.00 0.09
Sirtica 0.08 0.20 0.00 0.14 0.22 0.10 0.18 0.02 0.06
Sarir 0.00 0.21 0.00 0.05 0.19 0.16 0.33 0.00 0.06
Suez Blend 0.00 0.23 0.00 0.08 0.11 0.16 0.00 0.34 0.08
Tapis 0.02 0.18 0.00 0.06 0.26 0.38 0.06 0.00 0.04
T-J-Light 0.01 0.25 0.00 0.06 0.16 0.11 0.00 0.34 0.07
T-J-Medium 0.00 0.21 0.00 0.05 0.11 0.12 0.00 0.45 0.06
Umm Shaif 0.00 0.24 0.00 0.09 0.23 0.16 0.00 0.20 0.08
Urals 0.00 0.23 0.00 0.07 0.20 0.14 0.00 0.28 0.08
WTI 0.04 0.24 0.00 0.07 0.21 0.20 0.00 0.18 0.06
WTS 0.03 0.24 0.00 0.06 0.15 0.20 0.00 0.26 0.06
Wyoming
Sweet 0.03 0.25 0.00 0.09 0.22 0.11 0.12 0.10 0.08
L. Zakum 0.00 0.25 0.00 0.10 0.24 0.15 0.00 0.18 0.08
Zarzaitine 0.04 0.16 0.00 0.13 0.10 0.32 0.17 0.00 0.08
Zueitina 0.01 0.23 0.00 0.08 0.24 0.19 0.19 0.00 0.06
Crude Yield for Italy *Yields were Normalized
Topping Yield
Gasolines Naphtha Jet/Kero Gasoil LSFO HSFO LPG
PRM-0.15 PRM-Unl REG-Unl 0.2%S 1.0%S 3.5%S
Amna 0.03 0.06 0.00 0.05 0.12 0.20 0.51 0.00 0.03
ANS 0.06 0.05 0.00 0.05 0.16 0.00 0.36 0.30 0.02
Arabian
Berri 0.05 0.09 0.00 0.07 0.25 0.13 0.06 0.31 0.04
Crude Yield for Italy (continued) *Yields were Normalized
Topping Yield
Gasolines Naphtha Jet/Kero Gasoil LSFO HSFO LPG
PRM-0.15 PRM-Unl REG-Unl 0.2%S 1.0%S 3.5%S
Heavy 0.06 0.02 0.00 0.05 0.08 0.00 0.00 0.77 0.02
Arabian
Light 0.06 0.04 0.00 0.07 0.16 0.23 0.04 0.38 0.02
Arabian
Medium 0.05 0.06 0.00 0.06 0.21 0.04 0.00 0.55 0.03
Arun Cond 0.18 0.09 0.00 0.21 0.26 0.13 0.01 0.00 0.12
Attaka 0.38 0.13 0.00 0.06 0.00 0.00 0.41 0.00 0.02
Bachaquero
17 0.02 0.01 0.00 0.03 0.04 0.00 0.00 0.89 0.01
Basrah Light 0.05 0.07 0.00 0.07 0.21 0.13 0.00 0.43 0.04
Bonny Light 0.01 0.10 0.00 0.09 0.26 0.17 0.33 0.00 0.04
Bonny
Medium 0.00 0.01 0.04 0.02 0.27 0.00 0.63 0.00 0.03
Brass River 0.10 0.11 0.00 0.13 0.22 0.26 0.13 0.00 0.05
Brega 0.07 0.07 0.00 0.10 0.17 0.20 0.34 0.00 0.05
Brent 0.07 0.07 0.00 0.09 0.16 0.20 0.37 0.00 0.04
Cano Limon 0.05 0.08 0.00 0.02 0.16 0.11 0.56 0.00 0.02
Cinta 0.02 0.06 0.00 0.01 0.07 0.17 0.66 0.00 0.01
Daqing 0.00 0.07 0.00 0.03 0.13 0.09 0.66 0.00 0.02
Dubai 0.06 0.06 0.00 0.06 0.17 0.17 0.05 0.40 0.03
Duri 0.00 0.03 0.00 0.01 0.11 0.00 0.84 0.00 0.01
Ekofisk 0.08 0.07 0.00 0.14 0.16 0.17 0.36 0.00 0.02
Es Sider 0.06 0.03 0.00 0.09 0.05 0.33 0.40 0.00 0.04
Escravos 0.05 0.09 0.00 0.09 0.18 0.21 0.34 0.00 0.04
Flotta Blend 0.07 0.04 0.00 0.09 0.15 0.20 0.06 0.34 0.05
Forcados 0.01 0.08 0.00 0.03 0.30 0.00 0.56 0.00 0.02
Forties 0.07 0.06 0.00 0.09 0.13 0.22 0.37 0.00 0.06
Gippsland 0.09 0.11 0.00 0.17 0.21 0.11 0.25 0.00 0.06
Hout 0.09 0.03 0.00 0.08 0.03 0.31 0.01 0.43 0.02
Iranian
Heavy 0.06 0.06 0.00 0.06 0.15 0.17 0.00 0.46 0.04
Crude Yield for Italy (continued) *Yields were Normalized
Topping Yield
Gasolines Naphtha Jet/Kero Gasoil LSFO HSFO LPG
PRM-0.15 PRM-Unl REG-Unl 0.2%S 1.0%S 3.5%S
Arabian
Heavy 0.06 0.02 0.00 0.05 0.08 0.00 0.00 0.77 0.02
Arabian
Light 0.06 0.04 0.00 0.07 0.16 0.23 0.04 0.38 0.02
Arabian
Medium 0.05 0.06 0.00 0.06 0.21 0.04 0.00 0.55 0.03
Arun Cond 0.18 0.09 0.00 0.21 0.26 0.13 0.01 0.00 0.12
Attaka 0.38 0.13 0.00 0.06 0.00 0.00 0.41 0.00 0.02
Bachaquero
17 0.02 0.01 0.00 0.03 0.04 0.00 0.00 0.89 0.01
Basrah Light 0.05 0.07 0.00 0.07 0.21 0.13 0.00 0.43 0.04
Bonny Light 0.01 0.10 0.00 0.09 0.26 0.17 0.33 0.00 0.04
Bonny
Medium 0.00 0.01 0.04 0.02 0.27 0.00 0.63 0.00 0.03
Brass River 0.10 0.11 0.00 0.13 0.22 0.26 0.13 0.00 0.05
Brega 0.07 0.07 0.00 0.10 0.17 0.20 0.34 0.00 0.05
Brent 0.07 0.07 0.00 0.09 0.16 0.20 0.37 0.00 0.04
Cano Limon 0.05 0.08 0.00 0.02 0.16 0.11 0.56 0.00 0.02
Cinta 0.02 0.06 0.00 0.01 0.07 0.17 0.66 0.00 0.01
Daqing 0.00 0.07 0.00 0.03 0.13 0.09 0.66 0.00 0.02
Dubai 0.06 0.06 0.00 0.06 0.17 0.17 0.05 0.40 0.03
Duri 0.00 0.03 0.00 0.01 0.11 0.00 0.84 0.00 0.01
Ekofisk 0.08 0.07 0.00 0.14 0.16 0.17 0.36 0.00 0.02
Es Sider 0.06 0.03 0.00 0.09 0.05 0.33 0.40 0.00 0.04
Escravos 0.05 0.09 0.00 0.09 0.18 0.21 0.34 0.00 0.04
Flotta Blend 0.07 0.04 0.00 0.09 0.15 0.20 0.06 0.34 0.05
Forcados 0.01 0.08 0.00 0.03 0.30 0.00 0.56 0.00 0.02
Forties 0.07 0.06 0.00 0.09 0.13 0.22 0.37 0.00 0.06
Gippsland 0.09 0.11 0.00 0.17 0.21 0.11 0.25 0.00 0.06
Hout 0.09 0.03 0.00 0.08 0.03 0.31 0.01 0.43 0.02
Iranian
Heavy 0.06 0.06 0.00 0.06 0.15 0.17 0.00 0.46 0.04
Crude Yield for Italy (continued) *Yields were Normalized
Topping Yield
Gasolines Naphtha Jet/Kero Gasoil LSFO HSFO LPG
PRM-0.15 PRM-Unl REG-Unl 0.2%S 1.0%S 3.5%S
Arabian
Heavy 0.06 0.02 0.00 0.05 0.08 0.00 0.00 0.77 0.02
Arabian
Light 0.06 0.04 0.00 0.07 0.16 0.23 0.04 0.38 0.02
Arabian
Medium 0.05 0.06 0.00 0.06 0.21 0.04 0.00 0.55 0.03
Arun Cond 0.18 0.09 0.00 0.21 0.26 0.13 0.01 0.00 0.12
Attaka 0.38 0.13 0.00 0.06 0.00 0.00 0.41 0.00 0.02
Bachaquero
17 0.02 0.01 0.00 0.03 0.04 0.00 0.00 0.89 0.01
Basrah Light 0.05 0.07 0.00 0.07 0.21 0.13 0.00 0.43 0.04
Bonny Light 0.01 0.10 0.00 0.09 0.26 0.17 0.33 0.00 0.04
Bonny
Medium 0.00 0.01 0.04 0.02 0.27 0.00 0.63 0.00 0.03
Brass River 0.10 0.11 0.00 0.13 0.22 0.26 0.13 0.00 0.05
Brega 0.07 0.07 0.00 0.10 0.17 0.20 0.34 0.00 0.05
Brent 0.07 0.07 0.00 0.09 0.16 0.20 0.37 0.00 0.04
Cano Limon 0.05 0.08 0.00 0.02 0.16 0.11 0.56 0.00 0.02
Cinta 0.02 0.06 0.00 0.01 0.07 0.17 0.66 0.00 0.01
Daqing 0.00 0.07 0.00 0.03 0.13 0.09 0.66 0.00 0.02
Dubai 0.06 0.06 0.00 0.06 0.17 0.17 0.05 0.40 0.03
Duri 0.00 0.03 0.00 0.01 0.11 0.00 0.84 0.00 0.01
Ekofisk 0.08 0.07 0.00 0.14 0.16 0.17 0.36 0.00 0.02
Es Sider 0.06 0.03 0.00 0.09 0.05 0.33 0.40 0.00 0.04
Escravos 0.05 0.09 0.00 0.09 0.18 0.21 0.34 0.00 0.04
Flotta Blend 0.07 0.04 0.00 0.09 0.15 0.20 0.06 0.34 0.05
Forcados 0.01 0.08 0.00 0.03 0.30 0.00 0.56 0.00 0.02
Forties 0.07 0.06 0.00 0.09 0.13 0.22 0.37 0.00 0.06
Gippsland 0.09 0.11 0.00 0.17 0.21 0.11 0.25 0.00 0.06
Hout 0.09 0.03 0.00 0.08 0.03 0.31 0.01 0.43 0.02
Iranian
Heavy 0.06 0.06 0.00 0.06 0.15 0.17 0.00 0.46 0.04
Crude Yield for Italy (continued) *Yields were Normalized
Topping Yield
Gasolines Naphtha Jet/Kero Gasoil LSFO HSFO LPG
PRM-0.15 PRM-Unl REG-Unl 0.2%S 1.0%S 3.5%S
Iranian Light 0.08 0.03 0.00 0.07 0.14 0.24 0.03 0.37 0.04
Isthmus 0.08 0.05 0.00 0.08 0.22 0.16 0.06 0.31 0.04
Khafji 0.09 0.01 0.00 0.07 0.08 0.00 0.00 0.70 0.05
Kirkuk 0.07 0.07 0.00 0.11 0.26 0.03 0.00 0.42 0.04
Kole 0.09 0.06 0.00 0.06 0.15 0.20 0.39 0.00 0.05
Kuwait 0.06 0.05 0.00 0.07 0.21 0.04 0.00 0.54 0.03
Leona 0.02 0.05 0.00 0.04 0.21 0.00 0.12 0.54 0.02
Mandji 0.03 0.09 0.00 0.05 0.16 0.13 0.00 0.51 0.03
Maya 0.06 0.02 0.00 0.04 0.08 0.00 0.00 0.78 0.02
Minas 0.01 0.06 0.00 0.03 0.11 0.22 0.56 0.00 0.01
Murban 0.05 0.10 0.00 0.07 0.27 0.15 0.10 0.22 0.04
Ninian 0.10 0.05 0.00 0.09 0.04 0.30 0.36 0.00 0.06
Oman Blend 0.05 0.06 0.00 0.06 0.21 0.13 0.15 0.31 0.03
Oriente 0.07 0.04 0.00 0.05 0.13 0.14 0.06 0.50 0.01
Pennington 0.08 0.05 0.00 0.05 0.18 0.35 0.26 0.00 0.03
Qatar
Dukhan 0.05 0.10 0.00 0.11 0.29 0.11 0.05 0.24 0.05
Qatar
Marine 0.08 0.05 0.00 0.07 0.00 0.45 0.00 0.32 0.03
Qua Ibo 0.08 0.08 0.00 0.09 0.17 0.22 0.32 0.00 0.04
Saharan
Blend 0.12 0.05 0.00 0.14 0.18 0.24 0.20 0.00 0.07
Sirtica 0.12 0.06 0.00 0.14 0.18 0.16 0.30 0.00 0.04
Sarir 0.03 0.07 0.00 0.05 0.13 0.22 0.47 0.00 0.03

Suez Blend 0.08 0.04 0.00 0.07 0.10 0.20 0.04 0.42 0.05 Tapis 0.01 0.14 0.00 0.06 0.41 0.16 0.19 0.00 0.03 T-J-Light 0.08 0.05 0.00 0.05 0.12 0.19 0.03 0.44 0.04 T-J-Medium 0.04 0.04 0.00 0.05 0.16 0.10 0.00 0.58 0.03 Umm Shaif 0.04 0.08 0.00 0.09 0.24 0.13 0.05 0.33 0.04 Urals 0.04 0.06 0.00 0.06 0.18 0.18 0.04 0.39 0.05

Crude Yield for Italy (continued) *Yields were Normalized Topping Yield

Gasolines Naphtha Jet/Kero Gasoil LSFO HSFO LPG PRM-0.15 PRM-Unl REG-Unl 0.2%S 1.0%S 3.5%S

WTI 0.08 0.08 0.00 0.06 0.21 0.19 0.15 0.20 0.03 WTS 0.08 0.04 0.00 0.05 0.16 0.18 0.08 0.38 0.03 Wyoming Sweet 0.07 0.11 0.00 0.08 0.22 0.11 0.35 0.00 0.06

L. Zakum 0.06 0.08 0.00 0.10 0.23 0.14 0.05 0.29 0.05 Zarzaitine 0.07 0.05 0.00 0.13 0.18 0.18 0.32 0.00 0.07 Zueitina 0.05 0.09 0.00 0.07 0.25 0.16 0.34 0.00 0.04

Crude Yield for Los Angeles *Yields were Normalized Cracking Yield

Gasolines Jet/Kero Diesel LSFO MSFO HSFO Butane LPG MTBE PRM-92 PRM-RFG UNL-87 UNL-RFG No.2 0.5%S 1.0%S 3.0%S Normal

ANS 0.09 0.14 0.07 0.11 0.00 0.28 0.00 0.00 0.28 0.00 0.03 -0.03 Arabian Heavy 0.06 0.09 0.14 0.21 0.00 0.00 -0.07 0.00 0.53 0.00 0.04 -0.04 Arabian Light 0.09 0.14 0.09 0.14 0.00 0.28 0.00 0.00 0.23 0.00 0.03 -0.03 Arabian Medium 0.06 0.09 0.15 0.23 0.00 0.00 0.02 0.00 0.41 0.00 0.04 -0.04 Attaka 0.56 0.06 0.00 0.00 0.00 0.00 0.34 0.00 0.00 0.00 0.04 -0.01 Bachaquero

17 0.09 0.13 0.05 0.08 0.00 0.00 0.03 0.00 0.60 0.00 0.02 -0.02
Basrah
Light 0.05 0.08 0.17 0.26 0.00 0.13 0.01 0.00 0.27 0.00 0.03 -0.04
Bonny
Light 0.06 0.09 0.16 0.23 0.00 0.36 0.07 0.00 0.00 0.00 0.03 -0.04
Brent 0.10 0.15 0.12 0.17 0.00 0.32 0.00 0.09 0.01 0.00 0.04 -0.04
Cano
Limon 0.07 0.10 0.07 0.11 0.00 0.38 0.00 0.25 0.00 0.00 0.02 -0.02
Daqing 0.08 0.12 0.06 0.09 0.00 0.20 0.43 0.00 0.00 0.00 0.02 -0.02
Dubai 0.08 0.12 0.14 0.22 0.00 0.18 0.05 0.00 0.18 0.00 0.03 -0.04
Ekofisk 0.03 0.05 0.19 0.28 0.00 0.27 0.15 0.00 0.00 0.00 0.03 -0.04
Crude Yield for Los Angeles (continued) *Yields were Normalized
Cracking Yield

Gasolines Jet/Kero Diesel LSFO MSFO HSFO Butane LPG

MTBE
PRM-92 PRM-RFG UNL-87 UNL-RFG No.2 0.5%S 1.0%S 3.0%S Normal
Escravos 0.06 0.10 0.15 0.22 0.00 0.37 0.07 0.00 0.00 0.00 0.03 -0.04
Forcados0.11 0.16 0.09 0.14 0.00 0.00 0.47 0.00 0.00 0.00 0.03 -0.04
Iranian
Heavy 0.10 0.15 0.09 0.13 0.00 0.24 0.00 0.00 0.25 0.00 0.04 -0.03
Iranian
Light 0.09 0.14 0.10 0.15 0.00 0.27 0.00 0.00 0.21 0.00 0.04 -0.03
Isthmus 0.05 0.08 0.13 0.20 0.00 0.28 0.00 0.00 0.23 0.00 0.03 -0.03
Kirkuk 0.01 0.01 0.20 0.30 0.07 0.00 0.02 0.00 0.30 0.06 0.03 -0.04
Kuwait 0.05 0.08 0.14 0.21 0.00 0.00 0.00 0.00 0.42 0.07 0.03 -0.04
Leona 0.10 0.15 0.08 0.12 0.00 0.00 0.23 0.00 0.22 0.07 0.03 -0.03
Maya 0.07 0.11 0.12 0.18 0.00 0.00 -0.13 0.00 0.63 0.00 0.02 -0.03
Minas 0.07 0.11 0.06 0.09 0.00 0.29 0.28 0.00 0.00 0.08 0.02 -0.02
Oriente 0.09 0.14 0.07 0.11 0.00 0.21 0.00 0.00 0.29 0.07 0.02 -0.03
Pennington 0.05 0.08 0.09 0.14 0.00 0.50 0.05 0.00 0.00 0.07 0.02 -0.03
Qatar
Marine 0.08 0.13 0.08 0.12 0.00 0.36 0.00 0.00 0.12 0.08 0.03 -0.03
Qua Ibo 0.02 0.03 0.15 0.23 0.00 0.37 0.11 0.00 0.00 0.07 0.02 -0.03
Saharan
Blend 0.00 0.00 0.22 0.34 0.00 0.31 0.02 0.00 0.00 0.08 0.03 -0.05
Sirtica 0.03 0.04 0.18 0.27 0.00 0.26 0.00 0.12 0.02 0.06 0.02 -0.04
Sarir 0.08 0.12 0.07 0.11 0.00 0.32 0.20 0.00 0.00 0.08 0.02 -0.03
Suez
Blend 0.09 0.13 0.08 0.12 0.00 0.23 0.01 0.00 0.22 0.09 0.03 -0.03
Urals 0.10 0.14 0.08 0.11 0.00 0.34 0.00 0.00 0.20 0.00 0.03 -0.03
WTI 0.06 0.08 0.18 0.27 0.00 0.29 0.00 0.07 0.01 0.00 0.04 -0.04
WTS 0.11 0.16 0.09 0.13 0.00 0.31 0.00 0.00 0.17 0.00 0.03 -0.03
Wyoming
Sweet 0.06 0.09 0.14 0.21 0.00 0.33 0.00 0.00 0.14 0.00 0.03 -0.04
Zueitina 0.08 0.13 0.10 0.15 0.00 0.42 0.08 0.01 0.00 0.00 0.03 -0.03
Crude Yield for Los Angeles *Yields were Normalized
Topping Yield
Gasolines Jet/Kero Diesel LSFO MSFO HSFO Butane LPG
MTBE
PRM-92 PRM-RFG UNL-87 UNL-RFG No.2 0.5%S 1.0%S 3.0%S Normal
ANS 0.00 0.00 0.17 0.00 0.00 0.25 0.00 0.08 0.48 0.00 0.02 -0.01
Arabian
Heavy 0.00 0.00 0.22 0.00 0.00 0.00 -0.12 0.00 0.87 0.00 0.03 -0.01
Arabian
Light 0.00 0.00 0.20 0.00 0.00 0.29 0.03 0.00 0.46 0.00 0.02 -0.01
Arabian
Medium 0.00 0.00 0.24 0.00 0.00 0.00 -0.01 0.00 0.73 0.00 0.04 -0.01
Attaka 0.00 0.00 0.57 0.00 0.00 0.00 0.41 0.00 0.00 0.00 0.02 0.00
Bachaquero
17 0.00 0.00 0.09 0.00 0.00 -0.01 0.00 0.00 0.91 0.00 0.01 0.00
Basrah
Light 0.00 0.00 0.28 0.00 0.00 0.14 0.00 0.00 0.55 0.00 0.03 -0.01
Bonny
Light 0.00 0.00 0.27 0.00 0.00 0.39 0.31 0.00 0.00 0.00 0.03 -0.01
Brent 0.00 0.00 0.25 0.00 0.00 0.34 0.36 0.00 0.00 0.01 0.04 -0.01
Cano
Limon 0.00 0.00 0.15 0.00 0.00 0.38 0.03 0.43 0.00 0.00 0.01 -0.01
Daqing 0.00 0.00 0.09 0.00 0.00 0.25 0.65 0.00 0.00 0.00 0.01 0.00
Dubai 0.00 0.00 0.24 0.00 0.00 0.19 0.02 0.00 0.53 0.00 0.02 -0.01
Ekofisk 0.00 0.00 0.31 0.00 0.00 0.33 0.33 0.00 0.00 0.00 0.03 -0.01
Escravos 0.00 0.00 0.25 0.00 0.00 0.42 0.31 0.00 0.00 0.00 0.02 -0.01
Forcados 0.00 0.00 0.17 0.00 0.00 0.00 0.81 0.00 0.00 0.00 0.02 -0.01
Iranian
Heavy 0.00 0.00 0.20 0.00 0.00 0.25 0.03 0.00 0.49 0.00 0.03 -0.01
Iranian
Light 0.00 0.00 0.22 0.00 0.00 0.28 0.00 0.00 0.46 0.01 0.03 -0.01
Isthmus 0.00 0.00 0.24 0.00 0.00 0.31 0.00 0.00 0.42 0.00 0.03 -0.01
Kirkuk 0.00 0.00 0.32 0.00 0.09 0.00 0.01 0.00 0.54 0.00 0.04 -0.01
Kuwait 0.00 0.00 0.24 0.00 0.00 0.00 -0.02 0.00 0.75 0.00 0.03 -0.01
Leona 0.00 0.00 0.16 0.00 0.00 0.00 0.37 0.00 0.45 0.00 0.02 -0.01
Maya 0.00 0.00 0.19 0.00 0.00 0.00 -0.16 0.00 0.95 0.00 0.02 -0.01
Minas 0.00 0.00 0.11 0.00 0.00 0.33 0.55 0.00 0.00 0.00 0.01 0.00
Oriente 0.00 0.00 0.16 0.00 0.00 0.25 0.00 0.06 0.52 0.00 0.01 -0.01
Crude Yield for Los Angeles (continued) *Yields were Normalized
Topping Yield
Gasolines Jet/Kero Diesel LSFO MSFO HSFO Butane LPG
MTBE
PRM-92 PRM-RFG UNL-87 UNL-RFG No.2 0.5%S 1.0%S 3.0%S Normal
Pennington 0.00 0.00 0.19 0.00 0.00 0.56 0.23 0.00 0.00 0.00 0.02 -0.01
Qatar
Marine 0.00 0.00 0.19 0.00 0.00 0.39 0.00 0.00 0.40 0.00 0.02 -0.01
Qua Ibo 0.00 0.00 0.26 0.00 0.00 0.42 0.29 0.00 0.00 0.00 0.03 -0.01
Saharan
Blend 0.00 0.00 0.36 0.00 0.00 0.38 0.21 0.00 0.00 0.01 0.04 -0.01
Sirtica 0.00 0.00 0.31 0.00 0.00 0.35 0.07 0.23 0.00 0.00 0.04 -0.01
Sarir 0.00 0.00 0.14 0.00 0.00 0.39 0.45 0.00 0.00 0.00 0.02 -0.01
Suez Blend 0.00 0.00 0.19 0.00 0.00 0.24 0.06 0.00 0.47 0.01 0.03 -0.01
Urals 0.00 0.00 0.16 0.00 0.00 0.34 0.00 0.00 0.46 0.01 0.03 -0.01
WTI 0.00 0.00 0.32 0.00 0.00 0.34 0.28 0.02 0.00 0.00 0.04 -0.01
WTS 0.00 0.00 0.18 0.00 0.00 0.30 0.00 0.07 0.43 0.00 0.02 -0.01
Wyoming
Sweet 0.00 0.00 0.26 0.00 0.00 0.36 0.00 0.34 0.00 0.00 0.04 -0.01
Zueitina 0.00 0.00 0.21 0.00 0.00 0.46 0.31 0.00 0.00 0.00 0.02 -0.01
Crude Yield for New York/Philadelphia *Yields were Normalized
Cracking Yield
Gasolines Jet/Kero Diesel LSFO MSFO HSFO Butane LPG
MTBE
PRM-93 PRM-RFG UNL-87 UNL-RFG No.2 0.3%S 1.0%S 3.0%S Normal
ANS 0.14 0.21 0.01 0.02 0.05 0.22 0.00 0.10 0.23 0.00 0.02 -0.05
Arabian
Heavy 0.06 0.09 0.01 0.01 0.00 0.00 0.10 0.00 0.70 0.01 0.02 -0.03
Arabian
Light 0.07 0.10 0.11 0.16 0.09 0.16 0.05 0.02 0.21 0.00 0.03 -0.05
Arabian
Medium 0.10 0.15 0.03 0.04 0.00 0.00 0.15 0.03 0.47 0.00 0.03 -0.05
Bachaquero
17 0.06 0.09 0.00 0.00 0.04 0.00 0.00 0.31 0.49 0.00 0.01 -0.02
Bonny
Light 0.14 0.22 0.04 0.05 0.10 0.34 0.08 0.00 0.00 0.00 0.03 -0.05
Brent 0.16 0.24 0.02 0.03 0.08 0.31 0.00 0.12 0.00 0.01 0.03 -0.05
Dubai 0.09 0.14 0.01 0.02 0.10 0.16 0.09 0.16 0.21 0.00 0.02 -0.05
Crude Yield for New York/Philadelphia (continued) *Yields were Normalized
Cracking Yield
Gasolines Jet/Kero Diesel LSFO MSFO HSFO Butane LPG
MTBE
PRM-93 PRM-RFG UNL-87 UNL-RFG No.2 0.3%S 1.0%S 3.0%S Normal
Escravos 0.15 0.23 0.03 0.04 0.11 0.33 0.08 0.00 0.00 0.00 0.03 -0.05
Forcados 0.05 0.08 0.12 0.17 0.08 0.00 0.47 0.00 0.00 0.00 0.03 -0.03
Isthmus 0.14 0.21 0.03 0.04 0.10 0.17 0.00 0.04 0.24 0.00 0.03 -0.05
Maya 0.04 0.07 0.01 0.02 0.07 0.00 0.00 0.03 0.75 0.00 0.01 -0.02
Oriente 0.13 0.19 0.00 0.00 0.07 0.11 0.00 0.46 0.02 0.00 0.02 -0.04
Pennington 0.14 0.21 0.00 0.00 0.12 0.47 0.04 0.00 0.00 0.00 0.02 -0.05
Qua Ibo 0.16 0.24 0.02 0.02 0.28 0.13 0.13 0.00 0.00 0.00 0.02 -0.05
Suez Blend 0.12 0.18 0.05 0.07 0.08 0.13 0.00 0.12 0.22 0.00 0.03 -0.05
WTI 0.17 0.26 0.01 0.01 0.12 0.27 0.00 0.13 0.00 0.00 0.03 -0.05
Wyoming
Sweet 0.16 0.24 0.00 0.00 0.11 0.26 0.00 0.18 0.02 0.00 0.03 -0.05
Crude Yield for New York/Philadelphia *Yields were Normalized
Topping Yield
Gasolines Jet/Kero Diesel LSFO MSFO HSFO Butane LPG
MTBE
PRM-93 PRM-RFG UNL-87 UNL-RFG No.2 0.3%S 1.0%S 3.0%S Normal
ANS 0.00 0.00 0.11 0.00 0.06 0.20 0.00 0.16 0.46 0.00 0.01 0.00
Arabian
Heavy 0.00 0.00 0.16 0.00 0.00 0.00 -0.16 0.00 0.97 0.00 0.03 0.00
Arabian
Light 0.00 0.00 0.14 0.00 0.11 0.17 0.00 0.08 0.48 0.00 0.02 0.00
Arabian
Medium 0.00 0.00 0.09 0.00 0.00 0.00 -0.06 0.00 0.94 0.01 0.02 0.00
Bachaquero
17 0.00 0.00 0.03 0.00 0.04 0.00 0.09 0.09 0.74 0.00 0.01 0.00
Bonny
Light 0.00 0.00 0.14 0.00 0.11 0.37 0.36 0.00 0.00 0.00 0.02 0.00
Brent 0.00 0.00 0.17 0.00 0.09 0.26 0.43 0.00 0.00 0.02 0.03 0.00
Dubai 0.00 0.00 0.12 0.00 0.11 0.17 0.00 0.03 0.55 0.00 0.02 0.00
Escravos 0.00 0.00 0.15 0.00 0.13 0.33 0.37 0.00 0.00 0.00 0.02
0.00
Forcados 0.00 Isthmus 0.00 Maya 0.00 0.00 0.00 0.00 0.00 0.17 0.14 0.09 0.00 0.00 0.00 0.11 0.00 0.09 0.18 0.00 0.00 0.00 -0.20 0.81 0.10 0.00 0.00 0.42 1.05 0.00 0.00 0.00 0.00 0.02 0.01 0.01 0.00 0.00
Crude Yield for New York/Philadelphia (continued) *Yields were Normalized Topping Yield Gasolines Jet/Kero Diesel LSFO MSFO MTBE PRM-93 PRM-RFG UNL-87 UNL-RFG No.2 0.3%S 1.0%S HSFO 3.0%S Butane Normal LPG
Oriente 0.00 0.00 Pennington0.00 0.00 Qua Ibo 0.00 0.00 Suez Blend 0.00 0.00 WTI 0.00 0.00 Wyoming Sweet 0.00 0.00 0.12 0.15 0.19 0.13 0.23 0.19 0.00 0.00 0.00 0.00 0.00 0.00 0.07 0.13 0.15 0.09 0.12 0.12 0.11 0.44 0.33 0.14 0.24 0.26 0.00 0.26 0.32 0.00 0.30 0.01 0.30 0.00 0.00 0.14 0.08 0.38 0.39 0.00 0.00 0.45 0.00 0.00 0.00 0.00 0.00 0.02 0.00 0.01 0.01 0.02 0.01 0.03 0.03 0.03 0.00 0.00 0.00 0.00 0.00 0.00
Crude Yield for Rotterdam Cracking Yields *Yields were Normalized
PRM-0.15 Gasolines PRM-UNL Naphtha Jet/Kero Gasoil REG-UNL 0.2%S LSFO 1.0%S HSFO 3.5%S Butane Normal LPG
Amna 0.00 ANS 0.28 Arabian Berri 0.19 Arabian Heavy 0.08 Arabian Light 0.17 Arabian Medium 0.18 Arun Cond 0.27 Attaka 0.33 Bachaquero 17 0.13 Basrah Light 0.18 Bonny Light 0.00 Bonny Medium 0.03 Brass River 0.16 Brega 0.11 0.20 0.03 0.06 0.00 0.06 0.05 0.01 0.05 0.04 0.06 0.22 0.16 0.10 0.12 0.02 0.00 0.01 0.00 0.01 0.00 0.00 0.00 0.00 0.01 0.03 0.00 0.00 0.01 0.05 0.05 0.08 0.05 0.07 0.07 0.22 0.11 0.03 0.07 0.09 0.02 0.14 0.11 0.17 0.00 0.20 0.21 0.20 0.20 0.27 0.12 0.04 0.22 0.26 0.09 0.24 0.23 0.16 0.00 0.23 0.00 0.16 0.05 0.12 0.00 0.00 0.10 0.17 0.00 0.24 0.16 0.36 0.52 0.02 0.00 0.00 0.00 0.00 0.34 0.00 0.00 0.17 0.67 0.06 0.20 0.00 0.09 0.16 0.64 0.29 0.41 0.00 0.00 0.74 0.30 0.00 0.00 0.00 0.00 0.02 0.01 0.03 0.01 0.02 0.02 0.07 0.03 0.01 0.03 0.03 0.01 0.03 0.03 0.02 0.02 0.02 0.01 0.02 0.02 0.04 0.02 0.01 0.03 0.03 0.02 0.03 0.03
Crude Yield for Rotterdam (continued) Cracking Yields *Yields were Normalized
Gasolines Naphtha Jet/Kero Gasoil LSFO HSFO Butane LPG

PRM-0.15 PRM-UNL REG-UNL 0.2%S 1.0%S 3.5%S Normal

Brent 0.08 0.18 0.00 0.10 0.16 0.23 0.19 0.00 0.03 0.03
Cano
Limon 0.09 0.14 0.01 0.02 0.15 0.13 0.42 0.00 0.02 0.02
Cinta
Daqing 0.01 0.16 0.01 0.03 0.02 0.28 0.47 0.00 0.01 0.01
Dubai 0.21 0.05 0.00 0.07 0.16 0.17 0.00 0.29 0.02 0.03
Duri 0.03 0.13 0.00 0.01 0.06 0.00 0.75 0.00 0.01 0.01
Ekofisk 0.14 0.12 0.00 0.15 0.16 0.20 0.19 0.00 0.02 0.02
Es Sider 0.01 0.17 0.01 0.10 0.18 0.19 0.29 0.00 0.03 0.02
Escravos0.10 0.19 0.01 0.09 0.24 0.15 0.16 0.00 0.03 0.03
Flotta
Blend 0.16 0.08 0.02 0.09 0.15 0.21 0.00 0.22 0.04 0.03
Forcados0.00 0.20 0.03 0.03 0.13 0.00 0.58 0.00 0.01 0.02
Forties 0.11 0.14 0.00 0.10 0.19 0.16 0.22 0.00 0.04 0.04
Gippsland 0.17 0.12 0.00 0.18 0.12 0.26 0.08 0.00 0.04 0.03
Hout 0.08 0.17 0.02 0.08 0.18 0.11 0.00 0.32 0.02 0.02
Iranian
Heavy 0.14 0.09 0.01 0.07 0.14 0.17 0.00 0.32 0.03 0.03
Iranian
Light 0.08 0.16 0.01 0.08 0.14 0.21 0.00 0.26 0.03 0.03
Isthmus 0.10 0.13 0.01 0.08 0.22 0.17 0.00 0.23 0.03 0.03
Khafji 0.11 0.01 0.00 0.08 0.16 0.05 0.00 0.54 0.03 0.02
Kirkuk 0.12 0.12 0.01 0.12 0.26 0.01 0.00 0.30 0.03 0.03
Kole 0.17 0.08 0.00 0.07 0.16 0.21 0.25 0.00 0.03 0.03
Kuwait 0.18 0.05 0.00 0.07 0.22 0.02 0.00 0.41 0.02 0.03
Leona 0.06 0.17 0.02 0.04 0.21 0.00 0.06 0.40 0.02 0.02
Mandji 0.10 0.12 0.02 0.06 0.11 0.18 0.00 0.37 0.02 0.02
Maya 0.09 0.01 0.00 0.04 0.18 0.00 0.00 0.66 0.01 0.01
Minas 0.00 0.18 0.02 0.03 0.10 0.29 0.36 0.00 0.01 0.01
Murban 0.12 0.13 0.01 0.08 0.20 0.27 0.02 0.12 0.03 0.02
Oman
Blend 0.10 0.11 0.01 0.06 0.14 0.22 0.06 0.26 0.02 0.02
Crude Yield for Rotterdam (continued) *Yields were Normalized
Cracking Yields
Gasolines Naphtha Jet/Kero Gasoil LSFO HSFO Butane LPG
PRM-0.15 PRM-UNL REG-UNL 0.2%S 1.0%S 3.5%S Normal
Oriente 0.07 0.16 0.01 0.05 0.09 0.17 0.00 0.42 0.01 0.02
Pennington 0.12 0.13 0.00 0.05 0.18 0.36 0.12 0.00 0.02 0.02
Qatar
Dukhan 0.10 0.13 0.01 0.11 0.27 0.16 0.02 0.13 0.04 0.03
Qatar
Marine 0.13 0.11 0.01 0.07 0.25 0.16 0.00 0.22 0.03 0.02
Qua Ibo 0.12 0.16 0.00 0.10 0.24 0.14 0.18 0.00 0.03 0.03
Saharan
Blend 0.16 0.05 0.00 0.16 0.20 0.23 0.13 0.00 0.05 0.02
Sirtica 0.13 0.12 0.00 0.14 0.22 0.13 0.18 0.03 0.03 0.02
Sarir 0.06 0.15 0.01 0.05 0.18 0.17 0.33 0.00 0.03 0.02
Suez
Blend 0.08 0.15 0.02 0.08 0.17 0.10 0.00 0.33 0.04 0.03
Tapis 0.06 0.14 0.00 0.06 0.26 0.38 0.06 0.00 0.02 0.02
T-J-Light 0.09 0.17 0.02 0.06 0.16 0.11 0.00 0.33 0.03 0.03
T-J-
Medium 0.17 0.05 0.00 0.05 0.11 0.12 0.00 0.46 0.02 0.02
Umm
Shaif 0.17 0.07 0.02 0.09 0.24 0.16 0.00 0.19 0.03 0.03
Urals 0.14 0.08 0.02 0.07 0.20 0.14 0.00 0.29 0.03 0.03
WTI 0.12 0.15 0.00 0.07 0.21 0.20 0.00 0.20 0.02 0.03
WTS 0.17 0.10 0.01 0.06 0.14 0.20 0.00 0.27 0.02 0.03
Wyoming
Sweet 0.14 0.14 0.01 0.09 0.22 0.11 0.12 0.10 0.04 0.03
L. Zakum 0.17 0.07 0.01 0.10 0.23 0.18 0.00 0.17 0.04 0.03
Zarzaitine 0.14 0.07 0.00 0.13 0.10 0.32 0.17 0.00 0.05 0.02
Zueitina 0.12 0.11 0.00 0.08 0.21 0.26 0.18 0.00 0.02 0.02
Crude Yield for Rotterdam *Yields were Normalized
Topping Yield
Gasolines Naphtha Jet/Kero Gasoil LSFO HSFO Butane LPG
PRM-0.15 PRM-UNL REG-UNL 0.2%S 1.0%S 3.5%S Normal
Amna 0.04 0.05 0.00 0.05 0.13 0.19 0.51 0.00 0.02 0.01
ANS 0.00 0.15 0.00 0.05 0.00 0.00 0.61 0.17 0.01 0.01
Arabian
Berri 0.06 0.07 0.00 0.07 0.25 0.13 0.06 0.33 0.02 0.01
Arabian
Heavy 0.07 0.00 0.00 0.05 0.08 0.00 0.00 0.78 0.01 0.01
Arabian
Light 0.07 0.02 0.00 0.07 0.16 0.22 0.04 0.40 0.01 0.01
Arabian
Medium 0.07 0.04 0.00 0.07 0.21 0.04 0.00 0.55 0.01 0.01
Arun
Cond 0.23 0.03 0.00 0.21 0.27 0.12 0.02 0.00 0.08 0.04
Attaka 0.00 0.40 0.00 0.05 0.12 0.00 0.40 0.00 0.01 0.02
Bachaquero
17 0.03 0.00 0.00 0.03 0.04 0.00 0.00 0.90 0.00 0.00
Basrah
Light 0.07 0.05 0.00 0.07 0.21 0.14 0.00 0.42 0.02 0.02
Bonny
Light 0.02 0.09 0.00 0.09 0.26 0.17 0.33 0.00 0.02 0.02
Bonny
Medium 0.03 0.00 0.00 0.02 0.09 0.00 0.84 0.00 0.01 0.01
Brass
River 0.14 0.07 0.00 0.13 0.22 0.26 0.14 0.00 0.02 0.02
Brega 0.09 0.04 0.00 0.11 0.17 0.20 0.34 0.00 0.03 0.02
Brent 0.09 0.05 0.00 0.10 0.17 0.20 0.35 0.00 0.02 0.02
Cano
Limon 0.06 0.06 0.00 0.02 0.16 0.11 0.57 0.00 0.01 0.01
Cinta 0.02 0.05 0.00 0.02 0.07 0.17 0.66 0.00 0.00 0.01
Daqing 0.02 0.04 0.00 0.03 0.05 0.19 0.65 0.00 0.01 0.01
Dubai 0.08 0.04 0.00 0.07 0.17 0.17 0.05 0.39 0.02 0.01
Duri 0.02 0.01 0.00 0.01 0.06 0.00 0.90 0.00 0.00 0.00
Ekofisk 0.10 0.05 0.00 0.15 0.16 0.17 0.36 0.00 0.00 0.01
Es Sider 0.06 0.05 0.00 0.10 0.19 0.16 0.41 0.00 0.02 0.01
Escravos0.07 0.07 0.00 0.09 0.18 0.22 0.33 0.00 0.02 0.02
Crude Yield for Rotterdam (continued) *Yields were Normalized
Topping Yield
Gasolines Naphtha Jet/Kero Gasoil LSFO HSFO Butane LPG
PRM-0.15 PRM-UNL REG-UNL 0.2%S 1.0%S 3.5%S Normal
Flotta
Blend 0.09 0.01 0.00 0.09 0.15 0.20 0.06 0.35 0.03 0.02
Forcados 0.08 0.00 0.00 0.03 0.13 0.00 0.75 0.00 0.00 0.01
Forties 0.09 0.04 0.00 0.10 0.13 0.22 0.36 0.00 0.03 0.03
Gippsland 0.15 0.05 0.00 0.18 0.12 0.22 0.22 0.00 0.04 0.02
Hout 0.08 0.04 0.00 0.08 0.14 0.18 0.03 0.44 0.00 0.01
Iranian
Heavy 0.07 0.04 0.00 0.07 0.15 0.17 0.00 0.46 0.02 0.02
Iranian
Light 0.10 0.01 0.00 0.08 0.14 0.24 0.03 0.36 0.02 0.02
Isthmus 0.10 0.02 0.00 0.08 0.22 0.16 0.06 0.32 0.02 0.02
Khafji 0.09 0.00 0.00 0.07 0.08 0.00 0.00 0.71 0.03 0.02
Kirkuk 0.10 0.04 0.00 0.12 0.25 0.04 0.00 0.41 0.02 0.02
Kole 0.12 0.03 0.00 0.07 0.15 0.20 0.39 0.00 0.02 0.02
Kuwait 0.07 0.03 0.00 0.07 0.22 0.03 0.00 0.54 0.02 0.02
Leona 0.03 0.04 0.00 0.04 0.21 0.00 0.12 0.54 0.01 0.01
Mandji 0.05 0.06 0.00 0.05 0.14 0.15 0.00 0.52 0.02 0.01
Maya 0.07 0.01 0.00 0.04 0.08 0.00 0.00 0.78 0.01 0.01
Minas 0.02 0.05 0.00 0.03 0.11 0.22 0.55 0.00 0.01 0.01
Murban 0.07 0.07 0.00 0.08 0.27 0.15 0.10 0.22 0.02 0.02
Oman
Blend 0.08 0.02 0.00 0.06 0.19 0.16 0.14 0.32 0.02 0.01
Oriente 0.08 0.02 0.00 0.05 0.13 0.14 0.06 0.51 0.00 0.01
Pennington 0.11 0.02 0.00 0.05 0.17 0.37 0.26 0.00 0.01 0.01
Qatar
Dukhan 0.07 0.07 0.00 0.11 0.27 0.14 0.05 0.24 0.03 0.02
Qatar
Marine 0.07 0.07 0.00 0.07 0.25 0.15 0.06 0.29 0.02 0.02
Qua Ibo 0.10 0.05 0.00 0.09 0.17 0.22 0.33 0.00 0.02 0.02
Saharan
Blend 0.15 0.01 0.00 0.16 0.21 0.19 0.22 0.00 0.04 0.02
Sirtica 0.14 0.05 0.00 0.14 0.18 0.16 0.29 0.00 0.02 0.02
Sarir 0.04 0.06 0.00 0.05 0.13 0.22 0.47 0.00 0.02 0.01
rude Yield for Rotterdam (continued) *Yields were Normalized
Topping Yield
Gasolines Naphtha Jet/Kero Gasoil LSFO HSFO Butane LPG
PRM-0.15 PRM-UNL REG-UNL 0.2%S 1.0%S 3.5%S Normal
Suez
Blend 0.08 0.03 0.00 0.07 0.11 0.18 0.04 0.44 0.03 0.02
Tapis 0.06 0.08 0.00 0.06 0.27 0.35 0.15 0.00 0.01 0.02
T-J-Light 0.10 0.03 0.00 0.06 0.13 0.19 0.03 0.42 0.02 0.02
T-J-
Medium 0.05 0.02 0.00 0.05 0.16 0.10 0.00 0.59 0.02 0.01
Umm
Shaif 0.08 0.04 0.00 0.09 0.18 0.21 0.04 0.31 0.03 0.02
Urals 0.07 0.03 0.00 0.07 0.16 0.20 0.04 0.38 0.03 0.02
WTI 0.10 0.05 0.00 0.06 0.20 0.19 0.15 0.22 0.01 0.02
WTS 0.10 0.01 0.00 0.05 0.16 0.18 0.08 0.40 0.01 0.01
Wyoming
Sweet 0.12 0.05 0.00 0.09 0.14 0.21 0.34 0.00 0.03 0.02
L. Zakum 0.09 0.04 0.00 0.10 0.20 0.19 0.05 0.28 0.03 0.02
Zarzaitine 0.11 0.01 0.00 0.13 0.12 0.26 0.31 0.00 0.04 0.02
Zueitina 0.09 0.06 0.00 0.07 0.21 0.21 0.32 0.00 0.02 0.02
Crude Yield for Singapore *Yields were Normalized
Cracking Yields
Gasolines Naphtha Kerosene Gasoil LSWR HSFO HSFO LPG
PRM-97 PRM-95 UNL-92 0.5%S 0.3%S 180cst 380cst
Amna 0.10 0.06 0.14 0.05 0.20 0.16 0.27 0.00 0.00 0.02
ANS 0.10 0.13 0.02 0.05 0.16 0.22 0.00 0.05 0.26 0.01
Arabian
Berri 0.10 0.13 0.09 0.09 0.25 0.11 0.00 0.21 0.00 0.02
Arabian
Heavy 0.10 0.18 0.12 0.07 0.00 0.00 -0.12 0.62 0.00 0.03
Arabian
Light 0.10 0.16 0.02 0.07 0.25 0.08 0.00 0.30 0.00 0.02
Arabian
Medium 0.10 0.18 0.14 0.08 0.00 0.00 -0.03 0.49 0.00 0.04
Ardjuna 0.10 0.15 0.10 0.10 0.24 0.21 0.00 0.00 0.07 0.03
Arimbi 0.10 0.16 0.02 0.08 0.18 0.17 0.21 0.00 0.06 0.02
Crude Yield for Singapore (continued) *Yields were Normalized
Cracking Yields
Gasolines Naphtha Kerosene Gasoil LSWR HSFO HSFO LPG
PRM-97 PRM-95 UNL-92 0.5%S 0.3%S 180cst 380cst
Arun
Cond 0.10 0.18 0.00 0.22 0.27 0.13 0.00 0.00 0.00 0.10
Attaka 0.10 0.31 0.00 0.07 0.29 0.18 0.02 0.00 0.01 0.02
Bachaquero
17 0.10 0.08 0.06 0.03 0.00 0.08 0.00 0.00 0.64 0.01
Basrah
Light 0.10 0.13 0.00 0.07 0.25 0.14 0.00 0.28 0.00 0.03
Bekapai 0.10 0.23 0.00 0.10 0.40 0.14 0.01 0.00 0.00 0.02
Bombay 0.10 0.18 0.09 0.09 0.23 0.22 0.00 0.04 0.02 0.03
Bonny
Light 0.10 0.08 0.13 0.09 0.27 0.25 0.00 0.04 0.02 0.02
Bonny
Medium 0.09 0.06 0.15 0.02 0.22 0.34 0.00 0.00 0.10 0.02
Brass
River 0.10 0.16 0.00 0.14 0.35 0.20 0.00 0.03 0.00 0.02
Brega 0.10 0.09 0.11 0.11 0.25 0.19 0.00 0.00 0.12 0.03
Brent 0.10 0.10 0.13 0.10 0.24 0.21 0.00 0.00 0.09 0.03
Cano
Limon 0.10 0.15 0.03 0.02 0.24 0.18 0.00 0.00 0.26 0.02
Cinta 0.09 0.14 0.09 0.01 0.14 0.09 0.42 0.00 0.00 0.02
Daqing 0.09 0.12 0.10 0.03 0.17 0.10 0.37 0.00 0.00 0.02
Dubai 0.10 0.19 0.03 0.07 0.19 0.16 0.00 0.23 0.00 0.03
Duri 0.10 0.08 0.05 0.01 0.06 0.05 0.64 0.00 0.00 0.01
Ekofisk 0.10 0.20 0.01 0.15 0.21 0.18 0.00 0.00 0.13 0.02
Es Sider 0.10 0.10 0.09 0.09 0.19 0.17 0.00 0.00 0.23 0.03
Escravos0.10 0.11 0.11 0.09 0.25 0.23 0.00 0.00 0.09 0.02
Flotta
Blend 0.10 0.08 0.13 0.09 0.24 0.18 0.00 0.00 0.14 0.04
Forcados0.09 0.08 0.10 0.03 0.32 0.28 0.00 0.02 0.06 0.02
Forties 0.10 0.10 0.11 0.10 0.23 0.19 0.00 0.00 0.13 0.04
Gippsland 0.10 0.18 0.06 0.18 0.24 0.17 0.00 0.04 0.00 0.03
Handil 0.10 0.20 0.04 0.05 0.24 0.25 0.11 0.00 0.00 0.01
Hout 0.10 0.18 0.01 0.08 0.23 0.09 0.00 0.29 0.00 0.02
Crude Yield for Singapore (continued) *Yields were Normalized
Cracking Yields
Gasolines Naphtha Kerosene Gasoil LSWR HSFO HSFO LPG
PRM-97 PRM-95 UNL-92 0.5%S 0.3%S 180cst 380cst
Iranian
Heavy 0.10 0.15 0.06 0.07 0.20 0.13 0.00 0.26 0.00 0.03
Iranian
Light 0.10 0.12 0.10 0.08 0.24 0.13 0.00 0.20 0.00 0.03
Isthmus 0.10 0.13 0.06 0.10 0.22 0.09 0.00 0.28 0.00 0.02
Khafji 0.10 0.18 0.13 0.08 0.00 0.00 -0.11 0.58 0.00 0.04
Kirkuk 0.10 0.11 0.00 0.11 0.22 0.09 0.00 0.35 0.00 0.02
Kole 0.10 0.13 0.09 0.07 0.25 0.17 0.00 0.00 0.16 0.03
Kuwait 0.10 0.10 0.00 0.08 0.20 0.02 0.00 0.48 0.00 0.02
Labuan 0.10 0.05 0.07 0.04 0.32 0.37 0.00 0.03 0.00 0.02
Mandji 0.10 0.08 0.14 0.08 0.16 0.10 0.00 0.32 0.00 0.02
Maya 0.10 0.19 0.10 0.06 0.00 0.00 -0.17 0.70 0.00 0.02
Minas 0.09 0.16 0.06 0.03 0.20 0.12 0.32 0.00 0.00 0.02
Miri 0.10 0.13 0.05 0.04 0.34 0.26 0.00 0.07 0.00 0.01
Murban 0.10 0.17 0.07 0.10 0.27 0.13 0.00 0.13 0.00 0.03
Oman
Blend 0.10 0.06 0.12 0.06 0.25 0.15 0.00 0.00 0.24 0.02
Oriente 0.10 0.18 0.04 0.05 0.15 0.10 0.00 0.36 0.00 0.02
Pennington 0.10 0.15 0.04 0.05 0.38 0.22 0.04 0.00 0.00 0.02
Qatar
Dukhan 0.10 0.12 0.08 0.11 0.31 0.15 0.00 0.10 0.00 0.03
Qatar
Marine 0.10 0.13 0.07 0.10 0.26 0.10 0.00 0.20 0.00 0.04
Qua Ibo 0.10 0.12 0.07 0.09 0.28 0.17 0.15 0.00 0.00 0.02
Saharan
Blend 0.10 0.20 0.03 0.15 0.25 0.17 0.00 0.05 0.00 0.05
Salawati 0.10 0.20 0.01 0.02 0.38 0.21 0.00 0.06 0.00 0.02
Seria
Light 0.10 0.10 0.08 0.08 0.30 0.30 0.01 0.01 0.00 0.02
Sirtica 0.10 0.16 0.06 0.14 0.23 0.15 0.00 0.00 0.13 0.03
Sarir 0.10 0.05 0.15 0.05 0.22 0.18 0.18 0.05 0.00 0.02
Suez
Blend 0.10 0.08 0.12 0.08 0.19 0.10 0.00 0.29 0.00 0.04

Crude Yield for Singapore (continued) *Yields were Normalized

Cracking Yields
Gasolines Naphtha Kerosene Gasoil LSWR HSFO HSFO LPG
PRM-97 PRM-95 UNL-92 0.5%S 0.3%S 180cst 380cst
Tapis 0.10 0.13 0.01 0.06 0.44 0.23 0.00 0.01 0.00 0.02
T-J-Light 0.10 0.08 0.13 0.06 0.19 0.19 0.00 0.00 0.23 0.02
T-J-
Medium 0.10 0.05 0.14 0.05 0.16 0.07 0.00 0.38 0.03 0.02
T-J-Heavy 0.10 0.10 0.08 0.00 0.00 0.00 -0.08 0.00 0.79 0.01
Tembungo 0.10 0.18 0.00 0.06 0.40 0.24 0.01 0.00 0.00 0.01
Umm
Shaif 0.10 0.10 0.12 0.09 0.27 0.16 0.00 0.13 0.00 0.03
Urals 0.10 0.09 0.14 0.07 0.25 0.14 0.00 0.17 0.00 0.04
WTI 0.10 0.16 0.06 0.07 0.28 0.17 0.00 0.00 0.14 0.02
Wyoming
Sweet 0.08 0.16 0.00 0.09 0.29 0.17 0.00 0.17 0.00 0.04
L. Zakum0.10 0.13 0.09 0.10 0.21 0.19 0.00 0.15 0.00 0.03
Zarzaitine0.10 0.14 0.09 0.13 0.20 0.17 0.12 0.00 0.00 0.05
Zueitina 0.10 0.11 0.12 0.09 0.26 0.22 0.00 0.00 0.08 0.02
Crude Yield for Singapore *Yields were Normalized
Topping Yield
Gasolines Naphtha Kerosene Gasoil LSWR HSFO HSFO LPG
PRM-97 PRM-95 UNL-92 0.5%S 0.3%S 180cst 380cst
Amna 0.02 0.00 0.00 0.03 0.13 0.08 0.00 0.00 0.73 0.01
ANS 0.09 0.00 0.00 0.04 0.19 0.10 0.00 0.57 0.00 0.01
Arabian
Berri 0.10 0.00 0.01 0.09 0.20 0.16 0.00 0.42 0.00 0.02
Arabian
Heavy 0.10 0.00 0.06 0.06 0.00 0.00 -0.13 0.88 0.00 0.03
Arabian
Light 0.10 0.00 0.00 0.06 0.21 0.12 0.00 0.50 0.00 0.01
Arabian
Medium 0.10 0.00 0.08 0.06 0.00 0.00 -0.04 0.77 0.00 0.03
Ardjuna 0.10 0.00 0.05 0.08 0.23 0.16 0.35 0.00 0.00 0.03
Arimbi 0.10 0.00 0.02 0.07 0.07 0.25 0.48 0.00 0.00 0.01
Crude Yield for Singapore (continued) *Yields were Normalized
Topping Yield
Gasolines Naphtha Kerosene Gasoil LSWR HSFO HSFO LPG
PRM-97 PRM-95 UNL-92 0.5%S 0.3%S 180cst 380cst
Arun Cond 0.10 0.00 0.17 0.20 0.27 0.12 0.04 0.00 0.00 0.10
Attaka 0.10 0.00 0.34 0.00 0.26 0.18 0.11 0.00 0.00 0.01
Bachaquero
17 0.07 0.00 0.00 0.02 0.00 -0.03 0.00 0.00 0.94 0.00
Basrah
Light 0.10 0.00 0.12 0.06 0.04 0.00 0.09 0.57 0.00 0.02
Bekapai 0.10 0.10 0.01 0.08 0.39 0.13 0.17 0.00 0.00 0.02
Bombay 0.10 0.00 0.07 0.08 0.22 0.16 0.28 0.06 0.00 0.03
Bonny
Light 0.09 0.00 0.00 0.08 0.21 0.23 0.36 0.00 0.00 0.03
Bonny
Medium 0.00 0.00 0.00 0.02 0.15 0.33 0.18 0.30 0.00 0.02
Brass
River 0.10 0.00 0.06 0.12 0.34 0.18 0.09 0.08 0.00 0.03
Brega 0.10 0.00 0.00 0.10 0.25 0.15 0.19 0.17 0.00 0.04
Brent 0.10 0.00 0.01 0.09 0.24 0.15 0.00 0.38 0.00 0.03
Cano
Limon 0.08 0.00 0.00 0.01 0.23 0.18 0.00 0.50 0.00 0.00
Cinta 0.05 0.00 0.00 0.01 0.09 0.15 0.70 0.00 0.00 0.00
Daqing 0.04 0.00 0.00 0.03 0.12 0.12 0.68 0.00 0.00 0.01
Dubai 0.10 0.00 0.00 0.06 0.18 0.16 0.00 0.47 0.00 0.03
Duri 0.02 0.00 0.00 0.01 0.07 0.12 0.78 0.00 0.00 0.00
Ekofisk 0.10 0.00 0.02 0.14 0.21 0.14 0.09 0.29 0.00 0.01
Es Sider 0.10 0.00 0.00 0.09 0.17 0.16 0.00 0.45 0.00 0.03
Escravos0.10 0.00 0.00 0.08 0.24 0.18 0.29 0.09 0.00 0.02
Flotta
Blend 0.07 0.00 0.00 0.09 0.23 0.14 0.00 0.43 0.00 0.04
Forcados0.04 0.00 0.00 0.03 0.22 0.28 0.34 0.08 0.00 0.01
Forties 0.10 0.00 0.00 0.09 0.23 0.13 0.00 0.40 0.00 0.05
Gippsland 0.10 0.00 0.07 0.17 0.22 0.15 0.23 0.02 0.00 0.04
Handil 0.10 0.00 0.05 0.04 0.01 0.37 0.43 0.00 0.00 0.00
Hout 0.10 0.00 0.00 0.07 0.22 0.07 0.00 0.53 0.00 0.01
Iranian
Heavy 0.10 0.00 0.01 0.06 0.17 0.15 0.00 0.33 0.15 0.03
Crude Yield for Singapore (continued) *Yields were Normalized
Topping Yield
Gasolines Naphtha Kerosene Gasoil LSWR HSFO HSFO LPG
PRM-97 PRM-95 UNL-92 0.5%S 0.3%S 180cst 380cst
Iranian
Light 0.10 0.00 0.02 0.07 0.20 0.15 0.00 0.43 0.00 0.03
Isthmus 0.10 0.00 0.02 0.09 0.21 0.14 0.00 0.16 0.26 0.02
Khafji 0.10 0.00 0.06 0.06 0.00 0.00 -0.16 0.89 0.00 0.05
Kirkuk 0.10 0.00 0.05 0.10 0.22 0.00 0.00 0.50 0.00 0.03
Kole 0.10 0.00 0.02 0.06 0.23 0.15 0.00 0.41 0.00 0.03
Kuwait 0.10 0.00 0.08 0.06 0.00 0.00 -0.05 0.79 0.00 0.02
Labuan 0.07 0.00 0.00 0.04 0.27 0.37 0.23 0.00 0.00 0.02
Mandji 0.09 0.00 0.00 0.07 0.17 0.10 0.00 0.21 0.34 0.02
Maya 0.10 0.00 0.04 0.05 0.00 0.00 -0.17 0.97 0.00 0.01
Minas 0.05 0.00 0.00 0.03 0.17 0.15 0.60 0.00 0.00 0.00
Miri 0.05 0.00 0.00 0.04 0.36 0.18 0.09 0.28 0.00 0.00
Murban 0.10 0.00 0.04 0.09 0.22 0.16 0.00 0.37 0.00 0.02
Oman
Blend 0.06 0.00 0.00 0.05 0.25 0.13 0.00 0.49 0.00 0.02
Oriente 0.10 0.00 0.00 0.04 0.16 0.11 0.00 0.22 0.36 0.01
Pennington 0.09 0.00 0.00 0.04 0.39 0.15 0.32 0.00 0.00 0.01
Qatar
Dukhan 0.10 0.00 0.00 0.10 0.30 0.14 0.00 0.33 0.00 0.03
Qatar
Marine 0.10 0.00 0.01 0.09 0.21 0.15 0.00 0.40 0.00 0.04
Qua Ibo 0.10 0.00 0.03 0.08 0.28 0.13 0.36 0.00 0.00 0.02
Saharan
Blend 0.10 0.00 0.09 0.14 0.24 0.14 0.24 0.00 0.00 0.05
Salawati 0.10 0.00 0.02 0.01 0.36 0.18 0.00 0.32 0.00 0.01
Seria Light 0.10 0.00 0.01 0.07 0.25 0.31 0.24 0.00 0.00 0.02
Sirtica 0.10 0.00 0.06 0.13 0.21 0.15 0.00 0.32 0.00 0.03
Sarir 0.06 0.00 0.00 0.05 0.20 0.17 0.50 0.00 0.00 0.02
Suez Blend 0.09 0.00 0.00 0.07 0.20 0.10 0.00 0.32 0.18 0.04
Tapis 0.07 0.00 0.00 0.05 0.43 0.22 0.22 0.00 0.00 0.01
T-J-Light 0.10 0.00 0.00 0.05 0.19 0.14 0.00 0.50 0.00 0.02
Crude Yield for Singapore (continued) *Yields were Normalized
Topping Yield
Gasolines Naphtha Kerosene Gasoil LSWR HSFO HSFO LPG
PRM-97 PRM-95 UNL-92 0.5%S 0.3%S 180cst 380cst
T-J-
Medium 0.04 0.00 0.00 0.05 0.16 0.13 0.00 0.60 0.00 0.02
T-J-Heavy 0.03 0.00 0.00 0.00 0.00 -0.13 0.00 0.00 1.10 0.00
Tembungo 0.10 0.00 0.04 0.05 0.39 0.23 0.19 0.00 0.00 0.00
Umm Shaif 0.08 0.00 0.00 0.09 0.26 0.15 0.00 0.39 0.00 0.03
Urals 0.06 0.00 0.00 0.06 0.25 0.14 0.00 0.46 0.00 0.03
WTI 0.10 0.00 0.02 0.05 0.27 0.15 0.00 0.39 0.00 0.02
Wyoming
Sweet 0.07 0.16 0.00 0.09 0.29 0.17 0.00 0.18 0.00 0.04
L. Zakum 0.10 0.00 0.04 0.09 0.20 0.16 0.00 0.37 0.00 0.04
Zarzaitine 0.10 0.00 0.03 0.12 0.19 0.14 0.37 0.00 0.00 0.05
Zueitina 0.10 0.00 0.01 0.08 0.26 0.15 0.00 0.38 0.00 0.02
Crude Bbl/mt
ANS 7.16
Arab Berri 7.52
Arab Heavy 7.09
Arab Light 7.35
Arab Super 8.00
Light
Arab Medium 7.13
Amna 7.47
Ardjuna 7.42
Arimbi 7.28
Arun 8.26
condensate
Attaka 7.85
Bach Ho 7.58
Basrah 7.36
Bekapai 7.64
Belayim 7.08
Bombay Hi 7.61
Bonny Light 7.40
Bonny 6.98
Medium
Brass River 7.80
Brega 7.66
Brent 7.57
Bu Attifel 7.80
Bunyu 7.27
Cabinda 7.31
Cano Limon 7.23
Cinta 7.31
Daqing 7.31
Dubai 7.25
Duri 6.82
Ekofisk 7.74
Escravos 7.47
Es Sider 7.47
Forcados 7.16
Forties 7.66
Flotta 7.46
Gippsland 8.00
Handil 7.36
Hout 7.32
Iran Light 7.36
Iran Heavy 7.24
Isthmus 7.41
Khafji 7.13
Kirkuk 7.42
Kole 7.41
Kuwait 7.26
Labuan 7.26
Leona 6.93
Lower Zakum 7.67
Mandji 7.22
Maya 6.84
Minas 7.46
Miri 7.28
Montrose 7.65
Murban 7.66
Ninian 7.45
Oman 7.51
Oriente 7.17
Pennington 7.49
Qatar Land 7.72
Qatar Marine 7.43
Qua Ibo 7.45
Ras Gharib 6.97
Saharan 7.82
Blend
Salawati 7.55
Sarir 7.56
Seria Light 7.47
Shengli 6.93
Statfjord 7.57
Suez Blend 7.21
Tapis 7.91
Tembungo 7.53
Tijuana Light 7.29
Tijuana Heavy 6.40
Umm Shaif 7.53
Urals 7.31
Walio 7.37
WTI 7.60
WTS 7.33
Wyoming 7.60
Sweet
Zarzaitine 7.77
Zueitina 7.70

CLEAN AND DIRTY TANKERS

Vessel sizes: Deadweight tons (DWT)
GP General Purpose 16,500 — 24,999
MR Medium Range 25,000 — 44,999
LR1 Large/Long Range 1 45,000 — 79,999
LR2 Large/Long Range 2 80,000 — 159,999
Aframax 75,000 — 110,000
Suezmax 110,000 — 150,000
VLCC Very Large Crude Carrier 160,000 — 319,999
ULCC Ultra Large Crude Carrier 320,000 — 549,000

Capesize: Any vessel, usually carrying dry bulk cargoes, that is too big to navigate the Panama or Suez Canals.

Rate Assessments: Rates assessments are made daily. Rates are based either on the Worldscale system or a US dollar lumpsum quote. Lumpsums, the cost of fixing a tanker expressed in dollar terms, are used more often in assessing clean tanker rates. Fixtures can be made using either method, but there isn't necessarily a precedent to follow.

Cargo sizes that don’t exactly match those listed within the rates table may be pro-rated and the equivalent rates used as a guide to any relevant rates change.

ABBREVIATIONS Dirty products: CO: Condensate, CR: Crude oil, FO: Fuel oil, DY: Dirty petroleum products.

Clean products: CO: Condensate, DS: Diesel, GO: Gasoil, JT: Jet, KR: Kerosene, LD: Leaded, NA: Naphtha, UN: Unleaded, CL: Clean petroleum products

DIRTY TANKERS: CHARTERING MARGINS TABLE The Chartering Margins Table indicates a “profit margin” based on the difference between the latest spot price for four selected blends of crude oil, and their cracking yields at refineries in Houston and Rotterdam. The $/bbl column shows this refining margin for each crude. (The source of the prices and the cracking yields is Platt’s Crude Oil Marketwire from the day before each Dirty Tanker table is published.) The column headed “WS” offers the equivalent for the $/bbl figure in terms of the relevant WS flat rate: i.e., a “maximum” Worldscale rate the charterer can pay and still break even when a given crude is shipped to a Houston/Rotterdam refinery. This is reached by converting the $/bbl figure into a $/mt and expressing it as a percentage of a composite Worldscale flat rate for representative voyages. The columns headed -1 and -7 days show the changes in the $/bbl margin from the day before, and the previous week.

CLEAN TANKERS: REGIONAL PRICE DIFFERENCES The Regional Price Differences table computes arbitrage values using Platt’s product price assessments, and converting them into the equivalent Worldscale value. The table shows the differences in product prices between various regions and converts the same figure into Worldscale to show the maximum shipping rate at which products can be profitably transported from one market to another.

CONVERSION FACTORS
Divide Divide Multiply Multiply
Std. Unit For Cts/Gal. For $/Bbl. For $/Bbl. For $/MT
Low High Low High Low High Low High
GASOIL
FOB Med 0.2 $/MT 3.13 3.13 7.46 7.46
CIF Med 0.2 $/MT 3.13 3.13 7.46 7.46
CIF Med EN590 $/MT 3.13 3.13 7.46 7.46
CIF NWE 0.2 $/MT 3.13 3.13 7.46 7.46
CIF NWE EN590 $/MT 3.13 3.13 7.46 7.46
FOB R’dam 0.2 $/MT 3.13 3.13 7.46 7.46
FOB NWE 0.2$/MT 3.13 3.13 7.46 7.46
Carib Cargo $/MT 3.11 3.11 7.4