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72
Table Prices OPEC Annual Statistical Bulletin 2004
120
Spot crude oil prices, 1995–2004 ($/b)
Algeria Indonesia IR Iran Iraq Kuwait SP Libyan AJ
Zarzaitine Attaka Iran Light Iran Heavy Basrah Kirkuk Kuwait Exp. Brega
1995 17.33 17.84 16.17 16.26 na na 15.90 17.21
1996 21.32 21.52 19.03 18.49 na na 18.41 21.06
1997 19.57 20.34 18.24 18.00 na na 17.81 19.36
1998 12.96 13.53 11.97 11.45 10.77 10.79 11.26 12.90
1999 18.15 17.94 17.25 16.93 16.28 16.43 16.75 18.08
2000 28.82 29.54 26.75 26.02 24.92 25.17 25.78 28.65
2001 24.86 na 22.90 21.67 20.00 20.07 21.37 24.70
2002 25.06 25.38 23.52 23.09 23.02 22.63 23.61 24.96
2003 28.98 29.58 26.89 26.33 26.72 27.22 26.89 29.00
2004 38.53 40.87 34.60 33.06 33.07 na 34.08 38.35
2002 Jan 19.74 19.77 18.95 18.64 16.87 16.94 18.11 19.71
Feb 19.83 19.44 18.95 18.58 18.64 18.36 18.69 20.32
Mar 23.35 23.15 22.31 21.98 22.72 22.12 22.74 23.44
Apr 25.43 25.66 24.10 23.73 23.87 23.14 24.28 25.48
May 24.86 25.71 23.76 23.40 23.62 23.00 24.48 24.96
Jun 23.76 24.60 22.52 22.21 23.44 22.68 23.80 23.69
Jul 25.94 25.89 24.37 23.95 24.01 23.92 24.39 25.52
Aug 26.95 26.89 25.20 24.74 25.21 24.58 25.14 26.68
Sep 28.24 28.17 26.87 26.45 26.55 26.05 26.64 28.28
Oct 27.96 27.77 26.05 25.57 24.29 24.15 26.23 27.63
Nov 24.31 26.77 22.24 21.66 21.74 20.84 22.97 24.09
Dec 29.53 30.18 26.40 25.70 25.35 25.83 25.65 29.02
2003 Jan 31.92 31.83 29.13 28.42 27.47 27.71 28.08 31.86
Feb 32.77 33.67 29.89 29.22 29.63 29.10 30.02 32.89
Mar 31.70 31.35 27.94 27.22 24.76 24.86 27.81 31.21
Apr 25.42 27.20 22.85 22.28 na na 23.78 25.22
May 25.41 26.41 23.06 22.63 na na 24.35 25.72
Jun 27.31 26.47 24.43 24.11 na na 25.50 27.29
Jul 28.09 27.91 26.03 25.71 na na 26.70 28.14
Aug 29.86 29.91 28.62 28.25 26.64 na 27.78 29.53
Sep 27.46 28.72 26.66 26.19 24.68 na 25.78 27.29
Oct 30.01 30.80 28.79 28.29 25.95 na 27.67 30.05
Nov 29.10 30.48 27.64 27.04 26.75 na 27.76 28.98
Dec 30.02 31.02 28.55 27.56 27.91 na 28.25 30.02
2004 Jan 31.63 33.07 29.31 28.08 28.34 na 29.16 31.58
Feb 30.97 33.76 28.00 26.89 28.48 na 28.61 30.90
Mar 33.65 35.76 30.78 29.86 29.76 na 30.97 33.90
Apr 33.87 35.20 30.41 29.96 30.66 na 31.75 33.55
May 38.09 39.44 34.97 33.86 33.52 na 34.78 37.96
Jun 35.27 38.05 32.67 31.58 31.43 na 33.83 35.46
Jul 38.28 40.76 35.42 34.33 34.48 na 34.98 38.08
Aug 42.84 46.89 38.40 37.02 37.17 na 38.44 43.07
Sep 44.00 48.27 38.77 37.10 37.92 na 36.12 44.04
Oct 50.58 52.94 43.59 41.31 40.20 na 38.81 50.14
Nov 43.18 46.88 37.81 34.81 33.13 na 35.87 43.21
Dec 39.78 38.43 34.77 31.67 31.71 na 34.91 38.95
Notes: Prices are averages of weekly fob quotations, except for the two Iraqi crudes Basrah delivery ex-Yanbu and Kirkuk ex-Ceyhan.