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OPEC Annual Statistical Bulletin 2004 Prices Table
Spot crude oil prices, 1995–2004 ($/b)
China Malaysia Australia Colombia USA Russia
Daqing Tapis Miri Gippsland Cano Limon WTI ANS Urals
1995 17.59 18.29 18.23 17.33 17.58 18.42 17.18 16.62
1996 20.81 22.01 21.98 21.03 21.62 22.20 20.53 20.11
1997 19.33 20.92 20.99 19.85 19.27 20.56 18.93 18.28
1998 12.34 13.81 13.93 13.33 12.69 14.36 12.50 11.78
1999 17.76 18.90 18.30 18.50 17.95 19.30 17.77 17.24
2000 28.74 29.74 na 29.40 28.57 30.37 28.40 26.58
2001 24.78 25.44 na 25.22 22.82 26.00 23.34 22.97
2002 25.45 25.69 25.76 25.47 23.55 26.13 24.75 23.82
2003 29.52 30.08 30.07 29.85 27.78 31.09 29.63 27.03
2004 36.72 41.14 41.21 40.58 35.52 41.44 38.81 34.47
2002 Jan 18.66 20.17 20.12 19.99 17.33 19.71 17.49 18.58
Feb 18.82 20.13 20.16 19.97 18.28 20.67 19.16 18.95
Mar 22.72 23.55 23.55 23.32 22.46 24.35 22.76 22.47
Apr 25.70 25.96 25.90 25.85 24.66 26.32 25.08 24.12
May 25.61 26.01 25.94 25.91 23.82 27.13 25.90 23.87
Jun 24.73 24.90 24.85 24.61 22.78 25.42 24.07 22.86
Jul 25.56 26.35 26.31 26.13 24.36 26.87 25.77 24.80
Aug 26.18 27.33 27.33 27.19 25.43 28.41 27.46 25.71
Sep 27.64 28.16 28.11 27.88 27.22 29.52 28.57 26.93
Oct 29.12 27.95 27.90 27.65 26.31 29.00 27.70 26.14
Nov 27.54 26.83 26.80 26.43 22.71 26.31 24.71 22.72
Dec 32.15 30.33 30.28 30.09 26.79 29.66 28.25 27.84
2003 Jan 32.29 31.90 31.87 31.79 30.73 33.08 32.01 28.86
Feb 32.21 33.79 33.81 33.83 31.59 35.63 35.05 30.23
Mar 30.75 31.73 31.73 31.63 27.21 33.88 33.19 28.98
Apr 29.46 27.77 27.78 27.48 23.75 28.40 25.79 22.83
May 28.73 26.79 26.77 26.64 25.12 28.23 26.24 23.89
Jun 27.18 27.11 27.10 26.96 27.27 30.71 29.40 25.10
Jul 27.32 28.44 28.44 28.23 27.62 30.61 29.05 26.76
Aug 28.41 30.65 30.65 30.41 29.02 31.60 30.22 28.74
Sep 26.98 29.65 29.65 29.21 26.14 28.55 27.34 25.88
Oct 29.65 31.90 31.89 31.48 28.20 30.43 28.66 28.17
Nov 30.05 30.60 30.54 30.26 28.28 30.94 29.02 27.57
Dec 31.86 31.38 31.35 31.09 29.51 32.15 30.69 28.28
2004 Jan 30.37 33.75 33.67 33.44 30.63 34.33 33.24 28.98
Feb 29.62 34.78 34.83 34.25 29.98 34.62 33.64 27.49
Mar 32.32 35.67 35.67 35.47 31.90 36.59 35.39 30.24
Apr 32.32 35.43 35.47 35.22 31.82 36.80 35.40 30.12
May 37.15 39.55 39.55 39.28 35.82 40.11 38.83 34.95
Jun 36.27 38.35 38.33 38.07 33.66 38.18 36.90 32.61
Jul 36.59 41.25 41.27 40.76 35.93 40.69 39.36 35.26
Aug 41.97 47.35 47.41 46.79 38.94 44.77 43.03 38.64
Sep 43.90 48.13 48.18 46.32 39.36 45.98 42.73 38.27
Oct 48.91 53.07 52.90 52.24 43.10 53.32 48.88 42.40
Nov 36.79 46.75 47.22 46.08 38.78 48.22 41.86 38.22
Dec 34.33 38.69 39.12 38.02 36.09 43.12 36.72 36.06
Notes: Prices are averages of weekly fob quotations, except for Alaska North Slope (ANS), Cano Limon delivery to US Gulf, and Urals to Mediterranean.
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