BP Amoco’s ANS January term price up 4 percent

Petroleum News Alaska Staff

BP Amoco’s January term price for Alaska North Slope crude is $24.56 a barrel, up 4.02 percent from December’s term price of $23.61 a barrel, and up 162 percent from the January 1999 price of $9.37 a barrel.

BP’s ANS term price averaged $16.49 a barrel in 1999, compared to a 1998 calendar year average of $13.14 a barrel.

BP Amoco is the largest producer of ANS crude and the only producer to post a term price.