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					Crude Oil

Crude oil fundamentals ('000 barrels/day unless specified)
                                                                     2009         2008    2007    2006
World
Oil production                                                       79948       81820    81443   81497
Oil consumption                                                      84077       84455    84878   83797
Refinery capacity                                                    90662       88627    87794   86542
Refinery throughput                                                  73512       75179    75432   74707
Proven oil reserves ('000 mn barrels)                                 1333        1258     1261    1241
Reserves from Canadian oil sands ('000 mn barrels)                     143         143      151     152
Department of Energy US, inventory data (mn barrels)                   327         319      290     320

OPEC
Oil production                                                       33076       36705    35714   36007
Proven oil reserves ('000 mn barrels)                                 1029        956      957     940

OECD
Oil production                                                       18390       18400    19148   19458
Oil consumption                                                      45327       47303    48830   49274
Refinery capacity                                                    45197       45271    45145   44916
Refinery throughput                                                  37046       38787    39578   40072
Proven oil reserves ('000 mn barrels)                                  91          89       90      90

India
Oil production                                                        754          766     770     762
Oil consumption                                                      3183         2882    2748    2580
Refinery capacity                                                    3574         2992    2983    2872
Proven oil reserves ('000 mn barrels)                                  6            6       6       6
Indian imports                                                       2928         2557    2500    2291

Average daily volatility (MCX spot prices)                           2.3%         2.8%    1.6%    1.7%

Freight rate (Worldscale points)*                                      60          62.5   275     57.5
Note: * Dirty VLCC Arabian Gulf to Japan Tanker Rate
Source: BP statistical Review 2010, Ministry of Petroleum & Natural Gas, EIA, MCX.



World marketed energy consumption by country grouping - Outlook 2015 (Quadrillion Btu)
                                                                      Forecast release year
Region
                                                                   2010        2009       2008
OECD                                                                246        252.4      260.5
North America                                                      124.3       125.9      132.3
Europe                                                               82         84.8       86.5
Asia                                                                39.7        41.8       41.4
Non-OECD                                                           297.5       299.1      302.5
Europe & Eurasia                                                    52.4        57.6       59.5
Asia                                                               159.3       163.2      164.2
Middle East                                                         32.9        30.3       29.5
Africa                                                              20.8        17.7       18.9
Central & South America                                             32.1        30.3       30.5
Total World                                                        543.5       551.5       563
Note: Totals may not equal sum of components due to independent rounding.
Source: Energy Information Administration
2005    2004

81089   80256
83065   81796
85565   85051
74093   73018
 1220    1211
  164     164
  322     292


35736   34658
 931     923


19861   20766
49490   49073
44692   44645
40269   40456
  82      82


 738     773
2569    2573
2558    2558
  6       6
2043    1970

2.0%      -

 128     85
Economic parameters impacting crude oil prices

                                                                              2009
(Mn barrels)
US crude oil stocks (excluding SPR stocks)                                    325.1
US crude oil stocks in SPR                                                    726.6
US gasoline inventories                                                       216.0
US distillate inventories                                                     164.7

Hurricance activity - North Atlantic Ocean
Dates active                                                           May 28 - November 10
Total cyclones recorded                                                          11
Total landfalls                                                                   4
Approximate damage (in US$ billion)                                            0.077
Deaths                                                                            6

OPEC surplus crude oil production capacity (million barrels per day)           4.33
Days of supply of OECD commercial oil stocks                                    58
US crude oil wells drilled (exploratory and development) (number)             13255

Real GDP (% change)
US                                                                             -2.5
Japan                                                                          -5.4
Eurozone                                                                       -4.0
China                                                                           8.7
India                                                                           5.5
OECD                                                                           -3.4

Consumer Price inflation (% change)
US                                                                              0.0
Japan                                                                          -1.7
Eurozone                                                                        0.5
China                                                                           0.8
India                                                                           7.5
OECD                                                                            0.1

Industrial Output (YoY % change)
US                                                                             -2.0
Japan                                                                           5.3
Eurozone                                                                       -6.8
China                                                                          11.0
India                                                                          11.7

Interest rates (%)
US (Fed funds target)                                                   0.00 - 0.25
Japan (12 month T-Bills)                                                   0.13
Eurozone (refinance rates)                                                   1
China (lending rate )                                                      5.31
India (repo rate )                                                         4.75

Money Supply ( YoY % change)
US                                                                          3.7
Japan                                                                       2.2
Eurozone                                                                   -0.3
China                                                                     27.58
India                                                                      17.2

Equity Index (points)
US (Dow Jones)                                                            10428
India (Sensex)                                                            17464

OECD Indicators
OECD Total monetary aggr. & comp. broad money index                       135.8
OECD Total purchasing power index manufacturing                            N/A
OECD Total CPI OECD Groups total energy IPB                               114.4

US ISM manufacturing index                                                  54.9
US auto sales (YoY % change)                                               15.1%
US pending home sales (YoY % change )                                        9.2
Note: SPR - Strategic Petroleum Reserve
Source: EIA, BP stats, CPM Gold Yearbook, IMF, OECD, World Bank, BSE, Dow Jones
       2008                   2007                  2006                  2005

       325.8                  286.1                312.3                  323.7
       701.8                  696.9                688.6                  684.5
       208.1                  207.8                209.5                  204.3
       146.0                  133.9                143.7                  136.0



May 30 - November 10   May 9 - December 13                 July
                                             June 10 - October 28, 2005   - January 6, 2006
          17                     17                  10                     31
          33                     16                   7                     29
          48                      3                  0.5                   130
         855                    394                   7                   3865

        1.49                  2.07                  1.42                     1
         57                    52                    53                     49
       17347                 13574                 13291                  10699



         1.1                    2                    2.9                   3.1
        -0.3                   1.9                   2.8                   2.4
          1                    2.3                   2.6                   1.4
          9                   11.5                  11.1                  10.4
         7.3                   8.9                   9.7                    9
          1                    2.6                   3.2                   2.7



         1                     2.5                   2.7                   3.4
        0.5                    1.4                   0.3                   0.3
         1                      3                    2.2                   2.2
         3                     5.9                    2                    1.4
         5                      7                    6.7                   5.3
         1                      3                    2.2                   2.1



        -8.9                   1.7                   1.5                   2.9
       -20.7                   1.5                   5.4                   3.4
       -12.2                   1.4                   5.3                   2.5
         5.7                  17.4                  14.7                  16.5
        -0.2                    8                   13.4                   5.7
     0.25     4.25     5.25    4.25
    0.249    0.581    0.618   0.066
      2.5       4       3.5    2.25
     5.31     7.47     6.12    5.58
      6.5     7.75     7.25    6.25



      9.6      5.6      5.4     4.1
      0.7      0.7     -0.6     0.3
      7.5     11.6      9.9     7.4
    17.82    16.72     16.9    17.6
     19.6    22.84    19.33   17.79



    8776     13265    12463   10718
    9647     20287    13787    9398



    127.3    116.9    107.6   100
    113.83   106.9    103.7   100
    127.8    113.7    109.3   100

      32.9     49.1    52.2    54.9
    -35.6%   -2.9%    -3.6%   -3.7%
       5.7    -23.9    -6.3    -6.3

s
        2004

       285.7
       675.6
       214.3
       126.3



July 31 - December 31
           15
           22
           50
          3069

        1.27
         49
        8764



         3.6
          4
          2
        10.1
         7.9
         3.6



         2.7
        -2.3
         2.1
         3.2
         4.6
         1.8



         3.3
         1.7
         0.8
        14.4
         8.9
 2.25
0.003
   2
 5.58
   6



 5.7
  1
 6.6
14.63
13.49



10783
6603



 93.9
96.16
 89.4

57.2
7.7%
13.9
Crude Oil prices



                   MCX WTI futures prices (Rs/bbl)     MCX WTI spot prices (Rs/bbl)       NYMEX WTI futures pric
 Monthly
             Open         High       Low       Close         Monthly average          Open
Mar-10       3680         3783       3599      3751               3697                 79.79
Feb-10       3374         3727       3275      3669               3529                 72.75
Jan-10       3720         3810       3372      3378               3615                 79.76
Dec-09       3570         3735       3226      3727               3484                 77.35
Nov-09       3684         3804       3412      3550               3637                 77.02
Oct-09       3349         3796       3218      3638               3530                 70.40
Sep-09       3432         3530       3146      3337               3381                 69.56
Aug-09       3279         3648       3252      3431               3436                 69.30
Jul-09       3354         3440       2879      3271               3130                 70.45
Jun-09       3130         3508       3072      3344               3329                 66.48
May-09       2542         3135       2542      3124               2874                 50.95
Apr-09       2485         2698       2375      2555               2556                 48.96
Mar-09       2250         2758       2071      2481               2468                 44.34
Feb-09       2061         2284       1649      2259               1955                 41.75
Jan-09       2015         2452       1626      2058               2079                 43.72
Dec-08       2738         2738       1751      1996               2100                 54.62
Nov-08       3225         3419       2498      2746               2853                 67.37
Oct-08       4746         4799       3167      3207               3741                101.86
Sep-08       5139         5179       4251      4744               4741                117.89
Aug-08       5277         5450       4745      5123               5021                124.06
Jul-08       6061         6333       5106      5278               5774                140.18
Jun-08       5380         6174       5212      6078               5725                127.63
May-08       4613         5822       4476      5403               5261                114.60
Apr-08       4040         4785       3984      4628               4490                101.57
Mar-08       4060         4485       3961      4027               4257                101.63
Feb-08       3571         4083       3409      4058               3763                 91.36
Jan-08       3772         3935       3395      3559               3671                 96.05
Dec-07       3551         3847       3401      3763               3605                 88.79
Nov-07       3699         3915       3510      3556               3750                 95.15
Oct-07       3238         3698       3090      3687               3385                 81.75
Sep-07       3017         3307       3008      3247               3197                 74.24
Aug-07       3140         3168       2818      3019               2963                 77.94
Jul-07       2863         3145       2821      3137               2986                 70.52
Jun-07       2587         2869       2587      2863               2742                 64.23
May-07       2736         2736       2492      2582               2597                 65.66
Apr-07       2920         2947       2671      2744               2712                 66.03
Mar-07       2765         2957       2653      2930               2659                 61.82
Feb-07       2582         2790       2527      2755               2613                 57.89
Jan-07       2729         2732       2302      2563               2430                 60.98
Dec-06       2811      2883        2672       2730   2776   62.85
Nov-06       2616      2828        2605       2816   2635   58.60
Oct-06       2854      2854        2591       2611   2675   62.80
Sep-06       3267      3298        2744       2882   2973   70.29
Aug-06       3468      3605        3217       3256   3406   74.40
Jul-06       3398      3703        3362       3460   3455   73.92
Jun-06       3299      3404        3130       3395   3263   71.26
May-06       3265      3382        3081       3284   3211   71.70
Apr-06       2952      3418        2933       3239   3116   66.43
Mar-06       2831      2986        2735       2939   2787   61.58
Feb-06       2970      3033        2596       2603   2741   67.80
Jan-06       2842      3048        2797       2974   2891   61.04
Dec-05       2614      2844        2613       2744   2704   57.40
Nov-05       2708      2789        2587       2609   2672   59.76
Oct-05       2899      2925        2684       2714   2806   66.20
Sep-05       2995      3043        2750       2891   2880   68.75
Aug-05       2609      3106        2609       2982   2818   60.51
Jul-05       2436      2673        2436       2606   2558   56.56
Jun-05       2248      2614        2248       2433   2453   51.95
May-05       2262      2345        2104       2244   2165   49.28
Apr-05       2442      2474        2185       2209   2329   55.25
Mar-05       2221      2398        2193       2381   2366   51.77
Feb-05       2050      2242        1974       2223   2129   48.21
Jan-05         -         -           -          -      -    43.10
Dec-04         -         -           -          -      -    49.07
Nov-04         -         -           -          -      -    51.82
Oct-04         -         -           -          -      -    49.64
Sep-04         -         -           -          -      -    42.11
Aug-04         -         -           -          -      -    43.69
Jul-04         -         -           -          -      -    37.05
Jun-04         -         -           -          -      -    40.40
May-04         -         -           -          -      -    37.39
Apr-04         -         -           -          -      -    35.82
Source: MCX, RBI, Exchanges' websites, ICE, PPAC
NYMEX WTI futures prices (USD/bbl)      ICE Brent crude oil futures prices (USD/bbl)

      High      Low          Close    Open      High       Low             Close
      83.85     78.06         83.76    77.69    82.82      76.21             82.7
      80.51     69.50         79.66    71.35    78.94      67.87            77.59
      83.95     72.43         72.89    78.49    82.45      71.02            71.46
      80.00     68.59         79.36    78.42    79.91      71.02            77.93
      81.06     72.39         77.28    75.24    80.14       73.7            78.47
      82.00     68.05         77.00    68.92    80.26       65.9             75.2
      73.16     65.05         70.61    69.65     72.2      64.08            69.07
      75.00     65.23         69.96    71.98      76       68.85            69.65
      71.85     58.32         69.45     69.9    72.12      59.49             71.7
      73.38     64.95         69.89    65.77     73.5      64.91             69.3
      66.64     50.43         66.31     50.7     65.8      49.96            65.52
      53.90     43.83         51.12    48.37    54.31      47.26             50.8
      54.66     39.44         49.66    45.56    53.86      41.30            49.23
      45.30     33.55         44.76    46.06    48.42      39.35            46.35
      50.47     32.70         41.68    43.85    52.21      41.60            45.88
      54.62     32.40         44.60    53.00    53.00      36.20            45.59
      71.77     48.25         54.43    64.30    67.76      47.40            53.49
     102.84     61.30         67.81    99.45   100.31      59.02            65.32
     130.00     90.51        100.64   115.50   115.56      88.90            98.17
     128.60    111.34        115.46   123.42   127.94     110.31           114.05
     147.27    120.42        124.08   140.44   147.50     120.88           123.98
     143.67    121.61        140.00   127.22   143.91     121.32           139.83
     135.09    110.30        127.35   112.74   135.14     108.42           127.78
     119.93     99.55        113.46   100.50   117.56      98.99           111.36
     111.80     98.65        101.58   100.12   108.02      96.92           100.30
     103.05     86.24        101.84    91.50   101.27      86.83           100.10
     100.09     86.11         91.75    94.47    98.50      85.00            92.21
      97.92     85.82         95.98    88.74    95.87      86.56            93.85
      99.29     88.45         88.71    90.94    96.65      87.55            88.26
      95.28     78.35         94.53    79.25    91.18      75.64            90.63
      83.90     73.48         81.66    72.69    81.05      72.69            79.17
      78.77     68.63         74.04    76.95    77.16      68.14            72.69
      78.28     69.57         78.21    71.22    78.40      70.92            77.05
      71.06     63.80         70.68    68.15    72.25      67.61            71.41
      66.38     60.68         64.01    67.53    71.80      63.80            68.04
      66.70     61.34         65.71    67.91    69.59      64.76            67.65
      68.09     56.10         65.87    61.78    69.14      59.79            68.10
      62.25     56.62         61.79    57.20    62.18      56.10            61.89
      61.55     49.90         58.14    60.88    61.64      50.75            57.40
64.15   59.90   61.05   63.85   64.92   60.04   60.86
63.77   54.86   63.13   58.85   64.77   57.75   64.26
63.32   56.55   58.73   62.70   62.82   57.39   59.03
70.66   59.52   62.91   70.42   70.66   59.32   62.48
77.45   68.65   70.26   75.15   78.64   68.82   70.25
78.40   71.65   74.40   73.26   78.18   72.11   75.15
74.15   68.10   73.93   70.25   73.69   66.33   73.51
74.99   67.42   71.29   71.98   74.97   67.63   70.41
75.35   65.60   71.88   66.69   74.79   65.73   72.02
67.30   59.25   66.63   61.95   67.05   59.26   65.91
69.00   57.55   61.41   65.76   67.27   57.90   61.76
69.20   60.81   67.92   59.35   67.32   59.08   65.99
61.90   56.90   61.04   55.00   60.40   54.63   58.98
62.15   55.40   57.32   58.07   60.65   53.75   55.05
66.62   59.15   59.76   63.63   63.96   57.05   58.10
69.66   62.55   66.24   66.70   67.88   61.00   63.48
70.85   60.51   68.94   59.85   68.89   59.37   67.02
62.10   56.10   60.57   55.70   60.70   55.25   59.37
60.95   51.93   56.50   50.85   59.59   50.85   55.58
53.10   46.20   51.97   51.78   52.43   47.47   50.73
58.28   49.50   49.72   54.52   57.65   50.35   51.09
57.60   50.65   55.40   50.08   56.15   49.05   54.29
52.28   44.60   51.75   45.48   50.34   42.46   50.06
49.75   41.25   48.20   39.40   47.35   38.81   45.92
49.12   40.25   43.45   45.35   45.43   37.00   40.46
52.50   45.25   49.13   49.20   49.60   40.05   45.51
55.67   49.20   51.76   46.20   51.95   45.80   48.98
50.47   42.11   49.64   39.90   46.80   39.70   46.38
49.40   41.30   42.12   39.70   45.15   39.20   39.61
43.85   36.69   43.80   34.25   40.05   34.18   40.03
42.45   35.52   37.05   37.15   39.12   33.08   34.50
41.85   37.25   39.88   35.22   38.90   34.95   36.58
38.30   33.30   37.38   32.23   35.00   29.95   34.48
US WTI spot prices
                       Monthly international
    (USD/bbl)                                     RBI rate USD/INR   US dollar index
                     prices of Indian crude oil
 Monthly average         basket (USD/bbl)                  Monthly average
      81.07                    78.02                   45.50               80.81
      76.06                    73.69                   46.33               80.27
      78.36                    76.61                   45.96               77.98
      74.49                    75.02                   46.63               77.00
      78.00                    77.39                   46.59               75.40
      75.77                    73.07                   46.72               76.17
      69.44                    67.70                   48.39               77.19
      71.06                    71.98                   48.36               78.53
      64.12                    64.83                   48.47               79.71
      69.62                    69.12                   47.78               80.26
      59.13                    58.00                   48.61               82.11
      49.81                    50.14                   50.08               85.55
      47.98                    46.02                   51.23               86.71
      39.15                    43.22                   49.22               86.84
      41.74                    43.99                   48.83               84.83
      41.44                    40.61                   48.64               83.65
      57.29                    50.91                   49.00               86.77
      76.61                    69.12                   48.64               83.53
     103.94                    96.81                   45.56               78.37
     116.64                   113.05                   42.94               76.21
     133.38                   132.47                   42.84               72.79
     133.93                   129.72                   42.82               73.41
     125.37                   120.91                   42.13               73.05
     112.62                   105.77                   40.02               72.38
     105.47                    99.76                   40.36               72.72
      95.38                    92.37                   39.73               75.77
      92.98                    89.52                   39.37               76.00
      91.36                    87.92                   39.44               76.79
      94.76                    89.11                   39.44               75.67
      85.90                    79.33                   39.51               77.78
      79.91                    74.78                   40.34               79.14
      72.38                    68.97                   40.82               80.87
      74.14                    72.58                   40.42               80.61
      67.49                    68.10                   40.77               82.21
      63.45                    65.76                   40.78               82.01
      63.94                    65.48                   42.15               81.95
      60.60                    60.27                   44.03               83.17
      59.25                    56.49                   44.16               84.28
      54.24                    52.63                   44.33               84.58
62.00   60.35   44.63   83.07
59.13   57.80   44.85   84.72
58.85   57.26   45.47   86.11
63.82   60.94   46.12   85.25
73.04   70.87   46.54   84.91
74.40   71.29   46.46   85.61
70.93   66.90   46.06   85.37
70.93   67.33   45.41   84.69
69.54   67.06   44.95   88.13
62.89   60.01   44.48   89.58
61.62   58.95   44.33   90.26
65.48   60.61   44.40   88.83
59.41   55.05   45.65   90.63
58.28   53.31   45.73   91.37
62.36   56.28   44.82   89.54
65.54   59.74   43.92   87.99
64.96   60.05   43.63   87.86
58.67   55.01   43.54   89.55
56.39   52.72   43.59   88.33
49.81   47.02   43.49   85.63
52.96   49.43   43.74   84.24
54.17   49.27   43.69   82.81
47.96   42.58   43.68   83.76
46.82   40.99   43.76   83.19
43.23   36.85   43.98   81.69
48.45   38.81   45.13   83.72
53.25   43.38   45.78   86.99
45.93   39.15   46.10   88.89
44.92   40.53   46.34   88.97
40.82   36.35   46.04   88.54
38.03   34.23   45.52   89.46
40.29   36.09   45.26   90.69
36.72   32.37   43.93   90.12
Crude Oil trading activity

                  MCX (crude oil WTI)        NYMEX (crude oil WTI)       ICE (Brent crude oil)
Month           Volume      Open Interest    Volume    Open Interest   Volume       Open Interest
Mar-10          2681569          16317      13297737     1310328       8984535         937633
Feb-10          2572046          14120      12771829     1274007       7796458         857981
Jan-10          2063651          25272      10894229     1319629       6837761         776550
Dec-09          2645063          15303      11906196     1193065       6000904         728331
Nov-09          2968273          19625      11600195     1198406       6255219         698620
Oct-09          3066007          16991      13103116     1243953       6600386         700787
Sep-09          2867974          25601      11462233     1190853       6302192         684180
Aug-09          3364276          17364      11823362     1162798       5333905         676497
Jul-09          4122330          14071      11923549     1190714       6865215         707378
Jun-09          3430757          15406      11367082     1159868       5843451         689091
May-09          3389258          12740       9939223     1163773       5280318         721844
Apr-09          3650692          17895      10106308     1167380       5102336         696396
Mar-09          4379692          20786      11340347     1148687       6158270         677979
Feb-09          3434198          23224      11411434     1191502       5495062         662850
Jan-09          3774301          18972      11369073     1243967       6536771         637728
Dec-08          3117157          28141       9910170     1189046       5107284         595295
Nov-08          1883187          16189       8662209     1141336       5336546         565654
Oct-08          1598334          11287      11638267     1108362       6417718         549842
Sep-08          1900925          10052      12045565     1092411       5948919         525080
Aug-08          1485585          10346      10589479     1182917       5044833         550431
Jul-08          1877485          11922      11321293     1267200       5472918         563588
Jun-08          1968091          15496      12452986     1285567       5778596         526467
May-08          1745803          16121      13439173     1368551       6683008         562258
Apr-08          1216976          20935      11065563     1366639       5682939         556070
Mar-08          1251741          12317      12576859     1396612       5663793         594544
Feb-08          1188877          19620      10100249     1445328       5421638         583335
Jan-08          1272840          11188      10811520     1395278       5619214         541479
Dec-07          1436288          12814       8694012     1361258       4035606         537359
Nov-07          1388335          11593      11307522     1404579       5383219         578509
Oct-07          1392318          23019      12389575     1468958       5575011         623051
Sep-07          1003894          19668      10670194     1420823       4989287         647298
Aug-07          1378084          15400      10646980     1466129       4980801         596662
Jul-07          1175924          22988       9655899     1521237       5114738         645675
Jun-07          1014159          21143       9862305     1474661       4912169         662755
May-07           933112          11576       9486584     1396811       5427377         627008
Apr-07           922023          11020       9286616     1329295       4296685         657327
Mar-07          1220169          18463      10068962     1354924       5179846         686982
Feb-07          1040775          10199       9092076     1286745       4290867         584786
Jan-07          1033732          11230      10367198     1294571       5454265         611593
Dec-06           586612          17186       6801761     1190543       3329011         548654
Nov-06           629447          18622       7446062     1214068       4319084         588243
Oct-06           610963          13743       7492383     1158612       4608117         577446
Sep-06           429136           8435       6067095     1167337       3875739         487653
Aug-06           243508          11344       5408568     1166144       4000533         478985
Jul-06           175149           3022       4496916     1101492       3680839         347628
Jun-06           129799           3164       5129950     1027066       3741729         455114
May-06           200439           8127       5854647     1028165       3513993         440309
Apr-06           234414           8996       5280355     1057804       2928362         464857
Mar-06            474103            13634           5931697          962657        3742399          433550
Feb-06            425591            11418           5588122          941616        3052743          399238
Jan-06            327377             8263           5475525          951012        3363144          384829
Dec-05            392588             8447           4179866          816246        2542491          390615
Nov-05            540111            28385           4482251          849986        2797075          396554
Oct-05            723130            19795           5013086          815525        2778698          336205
Sep-05            933607            17623           5241849          871903        2900312          337952
Aug-05           1019288            29019           6086342          909349        3173053          355318
Jul-05            763996            30632           4627294          816113        2621453          357296
Jun-05            417471            25166           5315872          788730        2805214          355842
May-05            183038             5057           5040218          783449        2427391          326814
Apr-05            117502             3838           5396965          801863        2066471          290932
Mar-05             56075             3761           5896732          838201        2137282          379101
Feb-05             27031             1340           4213448          779237        1687600          351673
Jan-05               -                 -            4557502          736055        1571569          334076
Dec-04               -                 -            4327326          662484        1376054          319479
Nov-04               -                 -            4774694          690418        1751573          329656
Oct-04               -                 -            5109270          716721        2069209          367996
Sep-04               -                 -            4971656          702652        2209234          335267
Aug-04               -                 -            5230044          688882        2106636          350958
Jul-04               -                 -            4246071          705826        2128751          338504
Jun-04               -                 -            4894139          698380        2341633          332007
May-04               -                 -            4494915          717956        2029421          350270
Apr-04               -                 -            4522422          706682        2134160          371574
Note: Vol and OI in lots; Aggregate volume in all contracts during the month; Cumulative open interest in all
contracts at the month-end.
Source: Exchanges' websites
Crude oil graphs
           Graph-1


                                  Crude Oil Production (2009)


                                                                      Russian Federation
                                          13%

                                                                      Saudi Arabia
                                                   12%
                                                                      US

                       56%                          9%                Iran


                                                  5%                  China
                                             5%
                                                                      Others


           Source: BP Statistical Review 2010



          Graph-2


                                Crude Oil Consumption (2009)


                                                                      US
                                                  22%
                                                                      China

                                                                      Japan

                         56%                            10%           India

                                                    5%                Russian Federation
                                                  4%
                                                3%                    Others


           Source: BP Statistical Review 2010



          Graph-3


           price/bbl              Crude Oil (WTI) prices in USD & Euro and Dollar Index
            160                                                                            180
                                     Dollar Index (RHS)
            140                                                                            165
                                     Crude oil WTI Prices in USD
            120                      Crude Oil WTI prices in EURO                          150

            100                                                                            135

             80                                                                            120

             60                                                                            105
             40                                                                            90

             20                                                                            75
price/bbl                   Crude Oil (WTI) prices in USD & Euro and Dollar Index
 160                                                                                180
                               Dollar Index (RHS)
 140                                                                                165
                               Crude oil WTI Prices in USD
 120                           Crude Oil WTI prices in EURO                         150
 100                                                                                135

   80                                                                               120

   60                                                                               105
   40                                                                               90

   20                                                                               75

    0                                                                               60
        Mar-83
        Mar-84
        Mar-85
        Mar-86
        Mar-87
        Mar-88
        Mar-89
        Mar-90
        Mar-91
        Mar-92
        Mar-93
        Mar-94
        Mar-95
        Mar-96
        Mar-97
        Mar-98
        Mar-99
        Mar-00
        Mar-01
        Mar-02
        Mar-03
        Mar-04
        Mar-05
        Mar-06
        Mar-07
        Mar-08
        Mar-09
        Mar-10
Source: NYMEX, ICE, US Federal Reserve
ederation


 ia




Federation




ar Index
             180
             165

             150

             135

             120

             105
             90

             75
Mar-05
Mar-06
                                                            ar Index


Mar-07
Mar-08
Mar-09
Mar-10




         60
              75
                   90
                        105
                              120
                                    135
                                          150
                                                165
                                                      180

				
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