OPEC weekly basket price rises to 26.47 dollars
Vienna, June 2, IRNA -- The price of OPEC's basket of seven crudes improved to 26.47 dollars a barrel last week compared with the 26.35 dollars in the third week of May.
Thu 17 April 26.25
Fri 18 April 26.64
Tue 22 April 26.24
Wed 23 April 25.14
Thu 24 April 23.97
Fri 25 April 24.40
Mon 28 April 23.64
Tue 29 April 23.27
Wed 30 April 23.72
Thu 1 May 23.85
Fri 2 May 23.84
Mon 5 May 23.99
Tue 6 May 23.92
Wed 7 May 23.89
Thu 8 May 24.44
Fri 9 May 25.14
Mon 12 May 25.32
Tue 13 May 25.41
Wed 14 May 26.13
Thu 15 May 26.21
Fri 16 May 26.24
Mon 19 May 26.53
Tue 20 May 26.10
Wed 21 May 26.64
Thu 22 May 26.53
Fri 23 May 26.85
Mon 26 May 26.87
Tue 27 May 26.48
Wed 28 May 26.49
Thu 29 May 26.27
For the first quarter of 2002, the basket price averaged dlrs 19.83 a barrel as opposed to dlrs 18.38 in the 4th quarter of 2001.
For 2001 as a whole, the price of the basket averaged dlrs 23.12 a barrel compared with dlrs 27.60 in 2000, dlrs 17.47 in 1999 and dlrs 12.28 in 1998.
The OPEC basket comprises Algeria's Saharan Blend, Indonesia's Minas, Nigeria's Bonny Light, Saudi Arabian Light, Dubai of the United Arab Emirates, Venezuela's Ti Juana and Mexico's Istmus Crude.
According to figures released by the OPEC Secretariat here today, the price of the basket so far this year (up to May 29) averaged 28.37 dollars a barrel.
For the month of April, the basket price averaged 25.34 dollars a barrel as opposed to 29.78 dollars in March and 31.54 dollars in February.
For the first quarter of this year, the basket price averaged 30.55 dollars a barrel as against 26.83 dollars in the last three months of 2002.
The price of the basket in 2002 averaged 24.36 dollars a barrel, compared with 23.12 dollars the previous year.
The OPEC basket comprises Algeria's Saharan Blend, Indonesia's Minas, Nigeria's Bonny Light, Saudi Arabia's Arabian Light, Dubai of the United Arab Emirates, Venezuela's Ti Juana and Mexico's Isthmus crude.