BP November ANS term price down - November 28, 2000

Providing coverage of Alaska and northern Canada's oil and gas industryNovember 2000

Vol. 5, No. 11

Week of November 28, 2000

BP November ANS term price down

Kristen Nelson

BP's November term price for Alaska North Slope crude oil is $31.66 a barrel, down 52 cents (1.62 percent) from the October term price of $32.18 a barrel. The October price was the highest the term price had been since it hit $32.24 a barrel in October 1990.

The year-to-date average is $27.96 a barrel, up 76.5 percent from the comparable 1999 year-to-date average of $15.84 a barrel.

The term price has risen most months this year from a January price of $24.56 a barrel. A dip to $23.96 a barrel in May was the low point so far this year.

BP is the only North Slope producer to post a term price.

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