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Main Indicators
Chart updated around the middle of the month following the end of each quarter.
2009
| €/$ | European refining margins TRCV* ($/t)** | European refining margins ERMI* ($/t)** | Brent ($/b) | Average liquids price*** ($/b) | Average gas price*** ($/Mbtu) | |
|---|---|---|---|---|---|---|
| Fourth Quarter | 1.48 | 5.7 | 11.7 | 74.5 | 70.6 | 5.07 |
| Third Quarter | 1.43 | 6.6 | 12.0 | 68.1 | 65.1 | 4.89 |
| Second Quarter | 1.36 | 12.4 | 17.1 | 59.1 | 54.8 | 4.71 |
| First Quarter | 1.30 | 34.7 | 30.5 | 44.5 | 41.5 | 5.98 |
2008
| €/$ | European refining margins TRCV* ($/t)** | Brent ($/b) | Average liquids price*** ($/b) | Average gas price*** ($/Mbtu) | |
|---|---|---|---|---|---|
| Fourth Quarter | 1.32 | 41.4**** | 55.5 | 49.4 | 7.57 |
| Third Quarter | 1.51 | 45.0 | 115.1 | 107.8 | 8.05 |
| Second Quarter | 1.56 | 40.2 | 121.2 | 114.9 | 7.29 |
| First Quarter | 1.50 | 24.6 | 96.7 | 90.7 | 6.67 |
* European Refining Margin Indicator (ERMI) represents an indicator reported for the first time in January 2010.
- The ERMI is intended to represent the margin after variable costs for a hypothetical complex refinery located around Rotterdam in Northern Europe that processes a mix of crude oil and other inputs commonly supplied to this region to produce and market the main refined products at prevailing prices in this region.
- The indicator margin may not be representative of the actual margins achieved by Total in any period because of Total’s particular refinery configurations, product mix effects or other company-specific operating conditions.
TRCV was the indicator margin reported in previous quarters in the interim updates. TRCV will be discontinued effective in the first quarter 2010
** 1$/t = 0.136 $/b
*** Consolidated subsidiaries, excluding fixed margin and buy-back contracts
**** The ERMI was 40.9 $/t for fourth quarter 2008.
Disclaimer: these data are based on Total's reporting and are not audited. They are subject to change.
Boîte à outils
Updated Jan. 15, 10
