Guidance
Large Business (LB) Oil and Gas market values for category 1 crudes 2025
Updated 12 March 2025
© Crown copyright 2025
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This publication is available at https://www.gov.uk/government/publications/large-business-service-oil-and-gas-market-values-for-category-1-crudes-2014/large-business-lb-oil-and-gas-market-values-for-category-1-crudes-2025
January 2025
| Date | North Sea Reference |
Brent | Ekofisk | Flotta | Forties | Statfjord |
|---|---|---|---|---|---|---|
| 1 January 2025 |
75.23 | 76.89 | 76.73 | 73.23 | 76.14 | 76.82 |
| 2 January 2025 |
75.91 | 77.57 | 77.48 | 73.88 | 76.75 | 77.53 |
| 3 January 2025 |
76.68 | 78.33 | 78.22 | 74.64 | 77.51 | 78.29 |
| 4 January 2025 |
76.68 | 78.33 | 78.25 | 74.62 | 77.47 | 78.27 |
| 5 January 2025 |
77.19 | 78.84 | 78.76 | 75.13 | 77.98 | 78.78 |
| 6 January 2025 |
77.19 | 78.82 | 78.77 | 75.04 | 77.78 | 78.78 |
| 7 January 2025 |
77.47 | 79.07 | 79.13 | 75.57 | 77.88 | 79.01 |
| 8 January 2025 |
78.21 | 79.79 | 79.86 | 76.29 | 78.47 | 79.72 |
| 9 January 2025 |
79.30 | 80.86 | 80.94 | 77.43 | 79.44 | 80.78 |
| 10 January 2025 |
80.10 | 81.62 | 81.71 | 78.13 | 80.04 | 81.56 |
| 11 January 2025 |
80.10 | 81.60 | 81.70 | 78.20 | 79.85 | 81.50 |
| 12 January 2025 |
81.26 | 82.76 | 82.86 | 79.37 | 81.02 | 82.67 |
| 13 January 2025 |
81.26 | 82.75 | 82.76 | 79.17 | 80.96 | 82.65 |
| 14 January 2025 |
82.06 | 83.49 | 83.44 | 80.42 | 81.75 | 83.30 |
| 15 January 2025 |
82.42 | 83.85 | 83.74 | 80.45 | 82.08 | 83.72 |
| 16 January 2025 |
81.96 | 83.09 | 83.25 | 79.83 | 81.67 | 83.27 |
| 17 January 2025 |
81.64 | 82.59 | 82.91 | 79.40 | 81.35 | 82.96 |
| 18 January 2025 |
81.64 | 82.45 | 82.82 | 79.45 | 81.31 | 82.89 |
| 19 January 2025 |
80.99 | 81.79 | 82.16 | 78.80 | 80.65 | 82.24 |
| 20 January 2025 |
80.99 | 81.67 | 82.16 | 78.75 | 80.77 | 82.26 |
| 21 January 2025 |
80.30 | 80.75 | 81.48 | 78.10 | 80.22 | 81.58 |
| 22 January 2025 |
79.58 | 79.92 | 80.76 | 77.09 | 79.72 | 80.93 |
| 23 January 2025 |
79.02 | 79.44 | 80.22 | 76.58 | 79.22 | 80.38 |
| 24 January 2025 |
78.52 | 79.04 | 79.75 | 76.14 | 78.85 | 79.91 |
| 25 January 2025 |
78.52 | 79.10 | 79.76 | 76.20 | 78.97 | 79.92 |
| 26 January 2025 |
78.14 | 78.72 | 79.38 | 75.81 | 78.59 | 79.54 |
| 27 January 2025 |
78.14 | 78.76 | 79.41 | 75.84 | 78.65 | 79.56 |
| 28 January 2025 |
77.90 | 78.62 | 79.22 | 75.65 | 78.52 | 79.36 |
| 29 January 2025 |
77.59 | 78.40 | 78.95 | 75.39 | 78.31 | 79.08 |
| 30 January 2025 |
77.23 | 78.05 | 78.64 | 75.11 | 77.97 | 78.75 |
| 31 January 2025 |
76.95 | 77.78 | 78.40 | 74.90 | 77.76 | 78.50 |
February 2025
| Date | North Sea Reference |
Brent | Ekofisk | Flotta | Forties | Statfjord |
|---|---|---|---|---|---|---|
| 1 February 2025 |
76.95 | 77.78 | 78.40 | 74.94 | 77.78 | 78.50 |
| 2 February 2025 |
76.33 | 77.16 | 77.79 | 74.32 | 77.17 | 77.89 |
| 3 February 2025 |
76.33 | 77.16 | 77.79 | 74.36 | 77.17 | 77.89 |
| 4 February 2025 |
75.82 | 76.65 | 77.29 | 73.90 | 76.62 | 77.38 |
| 5 February 2025 |
75.29 | 76.12 | 76.78 | 73.39 | 76.01 | 76.85 |
| 6 February 2025 |
75.29 | 76.10 | 76.75 | 73.39 | 75.88 | 76.84 |
| 7 February 2025 |
75.40 | 76.20 | 76.83 | 73.44 | 75.88 | 76.95 |
| 8 February 2025 |
75.40 | 76.19 | 76.82 | 73.41 | 75.81 | 76.94 |
| 9 February 2025 |
75.61 | 76.40 | 77.03 | 73.62 | 76.02 | 77.15 |
| 10 February 2025 |
75.61 | 76.40 | 77.02 | 73.63 | 76.04 | 77.15 |
| 11 February 2025 |
75.64 | 76.41 | 77.02 | 73.63 | 76.03 | 77.17 |
| 12 February 2025 |
75.71 | 76.48 | 77.08 | 73.71 | 76.10 | 77.25 |
| 13 February 2025 |
75.54 | 76.30 | 76.82 | 73.56 | 75.98 | 77.06 |
| 14 February 2025 |
75.27 | 76.03 | 76.51 | 73.32 | 75.79 | 76.77 |
| 15 February 2025 |
75.27 | 76.03 | 76.50 | 73.36 | 75.87 | 76.76 |
| 16 February 2025 |
75.38 | 76.14 | 76.61 | 73.47 | 75.98 | 76.88 |
| 17 February 2025 |
75.38 | 76.14 | 76.58 | 73.46 | 75.93 | 76.86 |
| 18 February 2025 |
75.71 | 76.46 | 76.88 | 73.76 | 76.17 | 77.17 |
| 19 February 2025 |
75.70 | 76.44 | 76.84 | 73.71 | 76.03 | 77.14 |
| 20 February 2025 |
75.54 | 76.26 | 76.64 | 73.51 | 75.73 | 76.94 |
| 21 February 2025 |
75.02 | 75.72 | 76.14 | 72.94 | 75.07 | 76.41 |
| 22 February 2025 |
75.02 | 75.71 | 76.15 | 72.91 | 74.96 | 76.40 |
| 23 February 2025 |
74.33 | 75.01 | 75.46 | 72.21 | 74.26 | 75.71 |
| 24 February 2025 |
74.33 | 75.01 | 75.41 | 72.23 | 74.29 | 75.71 |
| 25 February 2025 |
73.80 | 74.48 | 74.84 | 71.71 | 73.75 | 75.17 |
| 26 February 2025 |
73.53 | 74.20 | 74.53 | 71.54 | 73.46 | 74.90 |
| 27 February 2025 |
73.42 | 74.10 | 74.37 | 71.54 | 73.36 | 74.79 |
| 28 February 2025 |
73.18 | 73.86 | 74.09 | 71.42 | 73.14 | 74.55 |