BP Alaska North Slope term price up 7.7 percent for March

Petroleum News Alaska Staff

BP Amoco’s March Alaska North Slope term price is $27.69 a barrel, up $1.97 a barrel, 7.66 percent, from $25.72 a barrel for February. This is the highest BP’s ANS term price has been since December 1990, when it stood at $28.74 a barrel.

The year-to-date average ANS term price is $25.99 a barrel, compared to $10.21 a barrel for the comparable period in 1999 and $14.84 a barrel for the comparable period in 1998. The March 1999 ANS term price was $10.47 a barrel.

BP is the largest producer of ANS crude and the only one to post term prices.