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OPEC Annual Statistical Bulletin 2004 Prices Table
Spot OPEC Reference Basket prices, 1995–2004 ($/b)
Algeria Indonesia Nigeria S. Arabia UAE Venezuela Mexico OPEC
Saharan Blend Minas Bonny Light Arab Light Dubai TJ Light Isthmus Ref. Basket
1995 17.40 17.64 17.34 16.73 16.10 16.08 16.73 16.86
1996 21.33 20.70 21.24 19.91 18.58 19.63 20.65 20.29
1997 19.62 19.26 19.40 18.71 18.10 17.38 18.26 18.68
1998 13.02 12.31 12.77 12.20 12.15 11.44 12.08 12.28
1999 18.12 17.84 18.07 17.45 17.24 16.31 17.29 17.47
2000 28.77 28.74 28.49 26.81 26.25 26.31 27.80 27.60
2001 24.74 24.11 24.50 23.06 22.83 20.35 22.22 23.12
2002 24.91 25.60 25.15 24.32 23.83 22.61 24.12 24.36
2003 28.73 29.52 28.76 27.69 26.77 26.97 28.25 28.10
2004 38.35 36.85 38.27 34.53 33.66 33.66 37.01 36.05
2002 Jan 19.64 18.88 19.65 18.83 18.54 15.37 17.42 18.33
Feb 19.73 18.91 20.30 19.47 19.02 16.05 18.74 18.89
Mar 22.84 22.92 23.76 23.33 22.97 20.15 22.54 22.64
Apr 25.34 25.78 25.79 24.98 24.54 23.01 24.72 24.88
May 24.77 25.66 25.10 25.33 24.77 22.87 24.80 24.76
Jun 23.60 24.60 23.98 24.42 23.87 22.54 23.57 23.80
Jul 25.79 25.27 25.93 25.13 24.66 23.97 25.18 25.13
Aug 26.87 25.92 26.94 25.63 25.22 25.14 26.18 25.99
Sep 28.17 27.58 28.46 27.10 26.72 26.31 27.33 27.38
Oct 27.78 29.69 27.90 26.95 26.41 25.40 27.08 27.32
Nov 24.19 28.11 24.07 23.87 23.28 22.92 23.63 24.29
Dec 29.34 32.80 29.27 26.56 25.81 27.09 27.82 28.39
2003 Jan 31.29 32.32 30.78 29.10 28.02 30.14 30.74 30.34
Feb 32.43 31.89 32.33 31.11 29.94 31.21 31.90 31.54
Mar 31.21 30.70 30.83 28.98 27.76 29.04 29.96 29.78
Apr 25.19 29.66 25.27 24.70 23.59 23.97 24.99 25.34
May 25.24 28.76 25.78 24.92 24.31 24.56 25.61 25.60
Jun 27.20 27.19 27.46 26.15 25.46 26.23 27.48 26.74
Jul 27.91 27.33 28.39 27.24 26.66 26.71 27.79 27.43
Aug 29.59 28.38 29.79 28.36 27.66 27.52 29.08 28.63
Sep 27.29 26.74 27.47 26.41 25.52 24.64 26.18 26.32
Oct 29.87 29.67 29.59 28.26 27.42 26.60 28.38 28.54
Nov 28.94 30.12 28.93 28.63 27.62 26.69 28.24 28.45
Dec 29.77 32.09 29.64 29.20 28.06 27.60 29.71 29.44
2004 Jan 31.29 30.27 30.94 29.83 28.93 29.28 31.78 30.33
Feb 30.57 29.38 30.47 29.18 28.49 28.17 30.64 29.56
Mar 33.46 32.21 33.34 31.62 30.77 29.88 33.08 32.05
Apr 33.71 32.19 33.74 32.48 31.69 29.88 32.76 32.35
May 37.96 37.18 37.87 35.63 34.65 33.63 36.95 36.27
Jun 35.14 36.75 35.60 34.70 33.58 31.67 34.85 34.61
Jul 38.16 36.28 38.08 35.55 34.70 33.81 37.41 36.29
Aug 42.67 41.79 42.55 38.93 38.22 36.86 40.88 40.27
Sep 43.92 44.27 43.56 36.58 35.52 37.23 41.47 40.36
Oct 50.48 49.68 49.91 39.00 37.61 43.55 47.40 45.37
Nov 42.97 37.25 43.60 35.56 34.87 37.37 41.10 38.96
Dec 39.61 34.76 39.08 34.64 34.16 32.36 35.31 35.70
Notes: Prices are averages of weekly fob quotations.
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