Date	Price $/MT	+/-	Low	High	Del.
2013-05-23	617.00	0.00	617.00	618.00	D
2013-05-22	617.00	-5.00	617.00	618.00	D
2013-05-21	622.00	0.00	622.00	623.00	D
2013-05-20	622.00	0.00	622.00	623.00	D
2013-05-18	622.00	+6.00	622.00	623.00	D
2013-05-17	616.00	0.00	616.00	617.00	D
2013-05-16	616.00	-5.00	616.00	617.00	D
2013-05-15	621.00	0.00	621.00	622.00	D
2013-05-14	621.00	0.00	621.00	622.00	D
2013-05-13	621.00	0.00	621.00	622.00	D
D = Delivered Price; W = Ex-Wharf Price

Date	Price $/MT	+/-	Low	High	Del.
2013-05-23	638.50	0.00	638.50	639.50	D
2013-05-22	638.50	-5.00	638.50	639.50	D
2013-05-21	643.50	0.00	643.50	644.50	D
2013-05-20	643.50	0.00	643.50	644.50	D
2013-05-18	643.50	+6.00	643.50	644.50	D
2013-05-17	637.50	0.00	637.50	638.50	D
2013-05-16	637.50	-5.00	637.50	638.50	D
2013-05-15	642.50	0.00	642.50	643.50	D
2013-05-14	642.50	0.00	642.50	643.50	D
2013-05-13	642.50	0.00	642.50	643.50	D
D = Delivered Price; W = Ex-Wharf Price

Date	Price $/MT	+/-	Low	High	Del.
2013-05-23	1000.00	0.00	1000.00	1000.00	D
2013-05-22	1000.00	0.00	1000.00	1000.00	D
2013-05-21	1000.00	0.00	1000.00	1000.00	D
2013-05-20	1000.00	0.00	1000.00	1000.00	D
2013-05-18	1000.00	0.00	1000.00	1000.00	D
2013-05-17	1000.00	0.00	1000.00	1000.00	D
2013-05-16	1000.00	0.00	1000.00	1000.00	D
2013-05-15	1000.00	0.00	1000.00	1000.00	D
2013-05-14	1000.00	0.00	1000.00	1000.00	D
2013-05-13	1000.00	0.00	1000.00	1000.00	D
D = Delivered Price; W = Ex-Wharf Price

Historical Daily Price Archive Apr 2013 IFO 380 IFO 180 MGO Mar 2013 IFO 380 IFO 180 MGO Feb 2013 IFO 380 IFO 180 MGO Jan 2013 IFO 380 IFO 180 MGO Dec 2012 IFO 380 IFO 180 MGO Nov 2012 IFO 380 IFO 180 MGO Oct 2012 IFO 380 IFO 180 MGO Sep 2012 IFO 380 IFO 180 MGO Aug 2012 IFO 380 IFO 180 MGO Jul 2012 IFO 380 IFO 180 MGO Jun 2012 IFO 380 IFO 180 MGO May 2012 IFO 380 IFO 180 MGO Apr 2012 IFO 380 IFO 180 MGO Mar 2012 IFO 380 IFO 180 MGO Feb 2012 IFO 380 IFO 180 MGO Jan 2012 IFO 380 IFO 180 MGO Dec 2011 IFO 380 IFO 180 MGO Nov 2011 IFO 380 IFO 180 MGO Oct 2011 IFO 380 IFO 180 MGO Sep 2011 IFO 380 IFO 180 MGO Aug 2011 IFO 380 IFO 180 MGO Jul 2011 IFO 380 IFO 180 MGO Jun 2011 IFO 380 IFO 180 MGO May 2011 IFO 380 IFO 180 MGO Apr 2011 IFO 380 IFO 180 MGO Mar 2011 IFO 380 IFO 180 MGO Feb 2011 IFO 380 IFO 180 MGO Jan 2011 IFO 380 IFO 180 MGO Dec 2010 IFO 380 IFO 180 MGO Nov 2010 IFO 380 IFO 180 MGO Oct 2010 IFO 380 IFO 180 MGO Sep 2010 IFO 380 IFO 180 MGO Aug 2010 IFO 380 IFO 180 MGO Jul 2010 IFO 380 IFO 180 MGO Jun 2010 IFO 380 IFO 180 MGO May 2010 IFO 380 IFO 180 MGO Apr 2010 IFO 380 IFO 180 MGO Mar 2010 IFO 380 IFO 180 MGO Feb 2010 IFO 380 IFO 180 MGO Jan 2010 IFO 380 IFO 180 MGO Dec 2009 IFO 380 IFO 180 MGO Nov 2009 IFO 380 IFO 180 MGO Oct 2009 IFO 380 IFO 180 MGO Sep 2009 IFO 380 IFO 180 MGO Aug 2009 IFO 380 IFO 180 MGO Jul 2009 IFO 380 IFO 180 MGO Jun 2009 IFO 380 IFO 180 MGO May 2009 IFO 380 IFO 180 MGO Apr 2009 IFO 380 IFO 180 MGO Mar 2009 IFO 380 IFO 180 MGO Feb 2009 IFO 380 IFO 180 MGO Jan 2009 IFO 380 IFO 180 MGO

Historical Monthly Averages 2013 IFO 380 IFO 180 MGO 2012 IFO 380 IFO 180 MGO 2011 IFO 380 IFO 180 MGO 2010 IFO 380 IFO 180 MGO 2009 IFO 380 IFO 180 MGO 2008 IFO 380 IFO 180 MGO Historical 3-Monthly Averages 2013 IFO 380 IFO 180 MGO 2012 IFO 380 IFO 180 MGO 2011 IFO 380 IFO 180 MGO 2010 IFO 380 IFO 180 MGO 2009 IFO 380 IFO 180 MGO 2008 IFO 380 IFO 180 MGO

Bunker Suppliers in Santos:

Petrobras Europe Ltd. (London)

Petroleo Brasileiro (Petrobras) S.A. (Rio de Janeiro)

Commentary	Date
Latest prices valid from 14:20 hrs Brasilia time/ 17:20 hrs GMT.	2013-05-22 18:26:11 GMT
Latest prices valid from 22:00 hrs Brasilia time/ 01:00 hrs GMT.	2013-05-21 06:57:56 GMT
Latest prices valid from 22:00 hrs Brasilia time/ 01:00 hrs GMT.	2013-05-18 12:04:09 GMT
Latest prices valid from 22:00 hrs Brasilia time/ 01:00 hrs GMT.	2013-05-17 07:14:08 GMT
Latest prices valid from 22:00 hrs Brasilia time/ 01:00 hrs GMT.	2013-05-16 05:50:08 GMT
Latest prices valid from 15:50 hrs Brasilia time/ 18:50 hrs GMT.	2013-05-07 21:35:25 GMT
Latest prices valid from 10:15 hrs Brasilia time/ 12:15 hrs GMT.	2013-05-06 16:54:52 GMT
Latest prices valid from 11:00 hrs Brasilia time/ 14:00 hrs GMT.	2013-05-03 15:12:06 GMT
Latest prices valid from 11:00 hrs Brasilia time/ 14:00 hrs GMT.	2013-05-02 15:13:52 GMT
Latest prices valid from 22:00 hrs Brasilia time/ 01:00 hrs GMT.	2013-04-26 06:54:52 GMT

Port News

	14 Sep 2012 11:12 GMT  New GAC bunker service in Brazil GAC offering a new bunker fuels provision service at the port of Santos. In Full
	05 Aug 2011 17:47 GMT  Houston wins award for fuel-switching US port is honoured for its fuel-switching project to reduce emissions in the US Gulf. In Full
	30 Sep 2010 13:22 GMT  'First' low sulphur fuel switch test in Santos Container line is applauded for its efforts to reduce emissions. In Full
	25 Aug 2010 07:32 GMT  New Santos terminal to be jointly managed Agreement reached to jointly manage Brazil's new container facility at the country's leading bunker port. In Full
	18 Nov 2009 08:06 GMT  East Coast South America price comparison Price fluctuations in Buenos Aires, Montevideo, Santos and Rio de Janeiro are analysed. In Full
	25 Mar 2009 09:48 GMT  Fuel supplies unaffected by strike, says Petrobras Oil firm says output has been maintained despite oil workers' strike. In Full
	29 Jan 2009 14:46 GMT  Brazil: Intra-day price adjustment MGO prices increase by $15 at all Brazilian ports. In Full
	15 Jan 2009 16:18 GMT  Brazil: Intra-day price adjustment 380-cst and 180-cst prices increase by $10 per metric tonne. In Full
	30 Dec 2008 09:42 GMT  Countdown for Brazilian nominations Bunker buyers have until 3pm today to nominate ships for Brazilian ports. In Full
	04 Nov 2008 13:19 GMT  Petrobras announces prompt delivery prices New price list for prompt delivery comes into effect from today. In Full
	01 Oct 2008 09:43 GMT  Petrobras announces new procedures New commercial procedures for bunker nominations will apply from today. In Full
	01 Sep 2008 09:40 GMT  Petrobras expands product range Brazilian supplier offers new products at Santos and Paranagua. In Full
	03 Jul 2008 08:19 GMT  Petrobras suspends sales activities Brazilian supplier stops trading for the second time in a week. Sales resume today at new prices. In Full