Table 13. World Crude Oil Prices1 05/30/2008 (Dollars per Barrel)
Country OPEC Abu Dhabi Algeria 6 Angola Dubai Ecuador 6 Indonesia Iran Iran 3 Iraq Kuwait Libya Neutral Zone Nigeria Nigeria Qatar Saudi Arabia Saudi Arabia Saudi Arabia Venezuela Venezuela Venezuela Total OPEC4 Non-OPEC Australia Brunei7 Cameroon Canada Canada China Colombia Egypt5 6 Gabon Malaysia Mexico Mexico Norway Oman Russia8 United Kingdom Total Non-OPEC Total World
4 4
Type of Crude/API 2 Gravity Murban 39° Saharan Blend 44° Cabinda 32° Fateh 32° Oriente 30° Minas 34° Iranian Heavy 30° Iranian Light 34° Kirkuk 36° Kuwait 31° Es Sider 37° Khafji 28° Bonny Light 37° Forcados 31° Dukhan 40° Arabian Heavy 27° Arabian Light 34° Arabian Medium 31° Bachaquero 17° Bachaquero 24° Tia Juana Light 31° NA Gippsland 42° Seria Light 37° Kole 34° Canadian Par 40° Heavy Hardisty 22° Daqing 33° Cano Limon 30° Suez Blend 33° Mandji 30° Tapis Blend 44° Isthmus 33° Maya 22° Ekofisk Blend 42° Oman Blend 34° Urals 32° Brent Blend 38° NA NA NA
In Effect 5/30/2008 131.00 130.77 126.19 124.76 115.12 133.61 121.85 124.75 122.64 121.69 126.74 126.63 133.71 133.75 129.97 121.28 126.63 123.63 NA NA 125.27 126.43 136.91 NA 126.18 NA NA 129.71 128.61 121.91 NA 138.43 125.16 107.94 131.81 124.82 125.44 130.13 125.60 126.06 121.92 5/23/2008 129.02 127.81 123.93 122.85 114.82 130.44 119.37 122.27 119.10 119.86 122.35 123.89 130.90 130.91 128.33 118.54 123.89 120.89 NA NA 123.84 123.86 133.42 NA 121.91 NA NA 127.08 128.02 117.81 NA 134.97 123.73 107.08 127.40 123.06 121.30 126.33 122.73 123.35 120.16 1/4/2008 94.85 98.28 92.29 90.19 85.46 98.34 92.76 94.96 92.23 88.20 96.79 93.02 98.52 98.47 94.20 88.07 93.02 90.27 NA NA 93.85 93.56 98.72 NA 93.90 94.72 65.38 95.08 92.97 91.53 NA 100.53 93.74 82.78 98.23 90.50 93.98 98.42 92.15 92.93 88.41 1/5/2007 61.39 59.77 54.93 56.43 47.92 62.31 51.92 53.77 52.51 53.35 56.83 53.48 60.64 60.64 59.90 49.83 53.48 51.53 NA NA 52.60 55.06 62.28 NA 54.41 57.12 NA 59.33 54.61 50.91 NA 63.47 52.49 44.17 57.20 57.16 52.36 56.66 54.32 54.63 51.57 1/6/2006 59.74 60.96 56.51 55.53 46.37 58.63 54.07 56.07 54.91 53.61 58.94 55.01 60.76 60.91 59.49 50.41 55.01 52.86 NA NA 56.45 56.18 62.75 NA 57.50 58.94 NA 57.67 57.55 53.72 NA 65.56 56.34 45.99 60.91 56.38 56.07 60.93 54.35 55.12 53.28 1/7/2005 38.74 40.89 35.32 34.44 26.59 38.25 32.98 35.73 34.62 31.86 39.21 34.05 40.22 40.12 38.14 27.95 34.05 30.60 NA NA 36.49 35.21 40.92 NA 34.72 41.32 NA 37.69 37.39 33.94 NA 41.53 36.37 28.31 40.48 35.48 36.14 41.39 35.12 35.16 33.79 1/2/2004 29.87 29.92 29.31 27.93 26.49 32.10 27.52 28.67 26.67 27.89 29.47 27.08 29.97 29.70 28.59 25.38 27.08 26.13 NA NA 30.10 28.22 31.64 NA 29.12 30.49 NA 31.85 29.49 25.67 NA 31.90 29.99 24.37 29.61 28.45 27.42 29.73 27.84 28.00 27.63 1/6/1978 13.26 14.10 NA 12.64 12.35 13.55 12.49 13.45 13.17 12.22 13.68 12.03 15.12 13.70 13.19 12.02 12.70 12.32 11.38 12.39 13.54 13.03 NA 14.15 NA NA NA 13.73 NA 12.81 12.59 14.30 13.10 NA 14.20 13.06 13.20 NA 13.44 13.08 13.38
United States9
1
Estimated contract prices based on government-selling prices, netback values, or spot market quotations. All prices are f.o.b. at the foreign port of lading except where noted; 30 day payment plan except where noted. See Appendix A for procedure used for calculation of world oil prices. 2 An arbitrary scale expressing the gravity or density of liquid petroleum products. 3 Netback price at U.S. Gulf. 4 Average prices (f.o.b.) weighted by estimated export volume. 5 On 60 days credit. 6 Ecuador rejoined OPEC effective November 2007. Effective July 1996, Gabon withdrew from OPEC. Effective January 2007, Angola became a member of OPEC. Prices have been adjusted accordingly. 7 Brunei contract prices no longer available for use in weekly calculations. 8 Price (f.o.b.) to Mediterranean destinations; also called Urals. 9 Average prices (f.o.b.) weighted by estimated import volume. Notes: The Canadian crude prices have been changed to U.S. dollars. Effective with the week ending July 6, 2007, Lloyd Blend crude stream data are no longer available; a similar crude stream Heavy Hardisty has replaced this category. NA=Not Applicable. R=Revised data. Source: See page 33.
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Weekly Petroleum Status Report/Energy Information Administration