Grupa LOTOS S.A. - Integrated Annual Report 2012
Macro environment
Crude oil prices and foreign exchange rates. model refining margin of Grupa LOTOS S.A.
4Q12 | 3Q12 | 2Q12 | 1Q12 | 4Q11 | 3Q11 | 2Q11 | 1Q11 | 4Q10 | 3Q10 | 2Q10 | 1Q10 | 4Q09 | 3Q09 | 2Q09 | 1Q09 | 4Q08 | 3Q08 | 2Q08 | 1Q08 | ||
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Quarterly average crude oil prices |
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Brent Dtd | USD/bbl | 110.08 | 109.50 | 108.29 | 118.60 | 109.35 | 113.41 | 117.04 | 105.43 | 86.47 | 76.86 | 78.24 | 76.36 | 74.53 | 68.08 | 59.13 | 44.46 | 55.47 | 115.09 | 121.1 | 96.71 |
Ural Rotterdam | USD/bbl | 108.64 | 108.67 | 106.31 | 116.87 | 108.63 | 111.52 | 113.73 | 102.55 | 85.16 | 75.58 | 76.92 | 75.31 | 74.21 | 67.76 | 58.46 | 43.66 | 54.58 | 113.32 | 117.47 | 93.35 |
Spread Brent Dtd vs Ural Rtdm | USD/bbl | 1.09 | 0.68 | 2.11 | 1.26 | 0.29 | 0.75 | 2.86 | 2.91 | 1.52 | 0.92 | 1.76 | 1.41 | - | - | - | - | ||||
Quarterly average FX rates |
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USD | PLN | 3.17 | 3.31 | 3.33 | 3.22 | 3.28 | 2.94 | 2.75 | 2.88 | 2.92 | 3.10 | 3.16 | 2.88 | 2.82 | 2.94 | 3.27 | 3.45 | 2.86 | 2.2 | 2.18 | 2.39 |
EUR | PLN | 4.11 | 4.14 | 4.26 | 4.23 | 4.42 | 4.15 | 3.96 | 3.95 | 3.97 | 4.01 | 4.01 | 3.99 | 4.17 | 4.2 | 4.45 | 4.5 | 3.77 | 3.31 | 3.41 | 3.58 |
Model refining margin |
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Model refining margin | USD/bbl | 5.41 | 6.95 | 6.52 | 3.71 | 3.88 | 2.34 | 2.92 | 4.52 | 4.55 | 3.30 | 5.33 | 4.16 | - | - | - | - |
Source: Market data and quotations. NBP