(UNTITLED)

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP88-00798R000200030007-2
• Release Decision: RIFPUB
• Original Classification: K
• Document Page Count: 15
• Document Creation Date: January 12, 2017
• Document Release Date: July 11, 2011
• Sequence Number: 7
• Publication Date: September 13, 1985
• Content Type: REPORT

Approved For Release 2011/07/11: CIA-RDP88-00798R000200030007-2
Directorate of
Intelligence
Economic & Energy
Indicators
13 September 1985
DI EEI 85-019
13 September 1985
Approved For Release 2011/07/11: CIA-RDP88-00798R000200030007-2
 Approved For Release 2011/07/11: CIA-RDP88-00798R000200030007-2
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Approved For Release 2011/07/11: CIA-RDP88-00798R000200030007-2
 Approved For Release 2011/07/11: CIA-RDP88-00798R000200030007-2
Economic & Energy
Indicators
Page
Economic Industrial Production
Gross National Product 1
Consumer Prices 1
Money Supply 2
Unemployment Rate 2
Foreign Trade 3
Current Account Balance 3
Prices in US $
Prices in US $
Exchange Rate Trends 5
Money Market Rates 5
Agricultural Prices 6
Industrial Materials Prices 7
Energy World Crude Oil Production, Excluding Natural Gas Liquids 8
Big Seven: Inland Oil Consumption 9
Big Seven: Crude Oil Imports 9
OPEC: Crude Oil Official Sales Price 10
OPEC: Average Crude Oil Official Sales Price (Chart) 11
Approved For Release 2011/07/11: CIA-RDP88-00798R000200030007-2
 i~. I -- (-
Approved For Release 2011/07/11: CIA-RDP88-00798R000200030007-2
Industrial Production
Percent change from previous period
seasonally adjusted at an annual rate
1981
1982
1983
1984
1985
1st Qtr
2d Qtr
Apr May Jun Jul
United States
2.6
-7.2
5.9
11.6
2.1
2.0
1.0 2.0 3.9 1.9
Japan
1.0
0.4
3.5
11.1
-2.6
12.5
39.0 32.6 -13.5
West Germany
-2.3
-3.2
0.3
2.4
-4.6
18.2 -15.4
France
-2.6
-1.5
1.1
2.6
-3.0
3.1
-23.8 19.9 -16.6
United Kingdom
-3.9
2.1
3.9
1.2
8.7
8.9
13.1 6.9 -6.5
Italy
-1.6
-3.1
-3.2
3.1
7.4
-41.1 16.2
Canada
Gross National Product a
0.5
-10.0
5.3
8.8
0.9
6.0 0
Percent change from previous period
seasonally adjusted at an annual rate
1981
1982
1983
1984
1985
1st Qtr 2d Qtr
United States
2.5
-2.1
3.7
6.8
0.3 2.0
Japan
4.1
3.4
3.4
5.7
0.4
West Germany
-0.2
-1.0
1.3
2.6
-3.1
France
0.2
2.0
0.7
1.6
-0.2
United Kingdom
-1.4
2.0
3.0
2.7
3.4
Italy
0.2
-0.5
-0.4
2.6
2.6
Canada
a Constant market prices.
Consumer Prices
3.3
-4.4
3.3
5.0
3.7
Percent change from previous period
seasonally adjusted at an annual rate
1981
1982
1983
1984
1985
1stQtr
2d Qtr
May Jun Jul Aug
United States
10.3
6.2
3.2
4.3
3.3
4.2
2.7 2.6 2.3
Japan
4.9
2.6
1.8
2.3
2.3
1.1
-1.0 8.7 10.3
West Germany
6.0
5.3
3.3
2.4
3.7
2.6
1.4 -0.8 -1.3
France
13.3
12.0
9.5
7.7
5.8
6.2
6.6 6.3 3.7
United Kingdom
11.9
8.6
4.6
5.0
7.1
9.4
5.5 4.9 1.9
Italy
19.3
16.4
14.9
10.6
10.2
10.5
9.1 9.1 6.6 6.3
Canada
12.5
10.8
5.8
4.3
5.4
3.9
1.9 3.1 3.0
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 I 1,,.....II I I I
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Money Supply, M-1 a Percent change from previous period
seasonally adjusted at an annual rate
1981
1982
1983
1984
1985
1st Qtr
2d Qtr
May
Jun. Jul Aug
United States b
7.1
6.6
11.2
6.9
10.9
10.6
14.9
21.7 10.0
Japan
3.7
7.1
3.0
2.9
11.1
-7.9
7.0
-23.5
West Germany
1.1
3.6
10.3
3.3
1.4
-0.4
-1.2
6.8 2.5
France
12.2 13.9 10.0
7.5
12.7
United Kingdom
NA NA 13.0
14.7
1.2 32.4 32.4 61.2 -20.9
Italy
11.2 11.6 15.2
12.0
20.4 i .
Canada
3.8 0.7 10.2
3.3
2.6 3.7 27.9 1.8 16.0 58.0
a Based on amounts in national currency units
b Including M1-A and M1-B.
Unemployment Rate a Percent seasonally adjusted
1981
1982
1983
1984
1985
1st Qtr
2d Qtr
May
Jun
Jul Aug
United States
7.5
9.6
9.5
7.4
7.2
7.2
7.2
7.2
7.2
Japan
2.2
2.4
2.7
2.7
2.5
2.5
2.5
2.6
West Germany
5.6
7.7
9.2
9.1
9.2
9.4
9.4
9.5
9.5
France
7.6
8.4
8.6
9.6
10.1
10.1
10.0
10.1
10.2 10.3
United Kingdom
10.0
11.6
12.4
12.6
12.9
13.1
13.1
13.2
13.2
Italy
8.4
9.1
9.9
10.4
10.8
10.2
Canada
7.5
11.1
11.8
11.3
11.1
10.6
10.5
10.5
10.4
a Unemployment rates for France are estimated.
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 Approved For Release 2011/07/11: CIA-RDP88-00798R000200030007-2
Foreign Trade a
Billion US $, fo.b.
1981
1982
1983
1984
1985
1st Qtr
2d Qtr
May
Jun
Jul
United States b
Exports
233.5
21.2.3
200.7
217.6
55.7
52.6
17.4
17.4
Imports
261.0
244.0
258.2
325.6
84.4
86.4
28.7
29.4
Balance
-27.5
-31.6
-57.5
-107.9
-28.7
-33.8
-11.3
-12.0
Japan
Exports
149.6
138.3
145.5
168.2
40.3
42.5
14.4
13.9
Imports
129.5
119.7
114.1
124.1
28.8
29.5
9.7
9.4
Balance
20.1
18.6
31.5
44.1
11.5
13.0
4.7
4.5
West Germany
Exports
175.4
176.4
169.4
171.9
41.1
42.9
14.5
13.9
Imports c
163.4
155.3
152.9
153.1
36.5
36.9
12:4
12.1
Balance
11.9
21.1
16.6
18.8
4.6
6.0
2.1
1.8
France
Exports
106.3
96.4
95.1.
97.5
22.5
24.4
8.0
8.1
8.4
Imports
115.6
110.5
101.0
100.3
23.6
24.7
8.1
7.9
8.8
Balance
-9.3
-14.0
-5.9
-2.8
-1.1
-0.4
-0.1
0.2
-0.4
United Kingdom
Exports
102.5
97.1
92.1
93.7
22.7
25.4
8.5
8.3
Imports
94.6
93.1
93.8
99.2
24.2
25.7
8.2
8.6
Balance
7.9
4.0
-1.8
-5.5
-1.5
-0.4
0.3
-0.3
Italy
Exports
75.4
74.0
72.8
73.6
17.7
6.6
Imports
91.2
86.8
80.6
84.3
21.5
7.4
Balance
-15.9
-12.8
-7.9
-10.8
-3.8
-0.7
Canada
Exports
70.5
68.5
73.7
86.8
22.0
21.8
7.3
7.1
Imports
64.4
54.1
59.3
70.8
18.0
18.1
6.1
6.2
Balance
6.1
14.4
14.4
16.1
4.0
3.7
1.2
0.9
a Seasonally adjusted.
b Imports are customs
values.
c Imports are c.i.f.
Current Account Balance a
Billion US $
1981
1982
1983
1984
1985
1st Qtr
2d Qtr
Apr
May
Jun
United States
6.3
-9.2
-41.6
-101.5
-30.0
Japan
4.8
6.9
20.8
35.0
6.8 13.3 4.1 3.6 5.6
West Germany
-6.8
3.3
4.2
6.0
1.7 3.0 1.3 2.0 -0.2
France
-4.7
-12.1
-4.6
-0.2
-0.7
United Kingdom
15.3
8.5
4.5
0.9
0.1 1.5 0.3 0.9 0.3
Italy
-8.6
-5.7
0.6
-3.2
Canada
-5.0
2.1
1.4
1.9
0.5
a Seasonally adjusted; converted to US dollars at current market
rates of exchange.
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 Approved For Release 2011/07/11: CIA-RDP88-00798R000200030007-2
Export Prices in US $
Percent change from previous period
at an annual rate
1981
1982
1983
1984
1985
1st Qtr
Apr
May
Jun
Jul
United States
9.2
1.5
1.0
1.4
0
-6.2
9.7
6.3
Japan
5.5
-6.4
-2.4
0.2
-11.9
93.0
-20.0
-1.7
West Germany
-14.9
-2.8
-3.2
-7.1
-18.9
119.6
-2.8
18.3
84.8
France
-12.0
-5.5
-4.8
-2.9
-13.5
116.3
-4.2
United Kingdom
NA
NA
-6.2
-5.1
-16.2
174.6
-5.4
23.8
Italy
-7.8
-3.0
-4.4
-5.2
-13.1
Canada
3.9
-2.0
-1.3
-3.7
-0.4
12.0
-16.1
-10.6
Import Prices in US $
Percent change from previous period
at an annual rate
1981
1982
1983
1984
1985
1st Qtr
Apr
May
Jun
Jul
United States
5.3
-2.0
-3.7
1.7
-10.6
1.4
11.5
-9.7
Japan
3.6
-7.4
-5.0
-2.8
-10.9
-7.2
-2.1
15.7
West Germany
-8.6
-4.7
-5.2
-4.8
-12.8
75.9
-9.8
2.3
51.9
France
-7.8
-7.2
-7.0
-3.8
-10.9
77.5
-32.6
United Kingdom
NA
NA
-5.7
-4.6
-15.4
158.3
-19.4
11.1
Italy
1.0
-5.3
-6.6
-3.7
-7.9
Canada
8.7
-1.1
-3.3
-0.1
-4.7
11.9
10.5
-2.7
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Exchange Rate Trends
Percent change from previous period
at an annual rate
1981
1982
1983
1984
1985
1st Qtr
2d Qtr
Jun
Jul
Aug
Trade-Weighted
United States
10.5
10.6
5.8
9.1
26.0
-11.3
-12.9
Japan
9.3
-5.7
10.4
6.2
0.9
7.8
7.1
West Germany
-2.1
7.0
5.8
1.0
-0.2
2.1
1.8
France
-5.1
-6.1
-4.7
-2.1
0.9
4.8
-1.1
United Kingdom
2.5
-2.1
-5.0
-2.5
-10.5
39.9
16.5
Italy
-9.2
-5.1
-1.6
-3.1
1.3
-10.5
2.6
Canada
0.3
0.2
2.3
-2.3
-2.1
-10.2
2.3
Dollar Cost of Foreign Currency
Japan
2.7
-12.9
4.6
0
-19.6
9.9
12.5
31.2
16.7
West Germany
-24.6
-7.2
-5.2
-11.5
-28.0
19.0
14.6
46.0
35.2
France
-28.7
-20.8
-15.9
-14.7
-26.7
19.6
15.7
47.7
31.9
United Kingdom
-13.2
-13.4
-13.3
-11.9
-28.6
59.9
35.5
142.2
-2.3
Italy
-32.8
-18.8
-12.3
-15.6
-30.3
9.5
14.7
30.6
10.4
Canada
Money Market Rates
-2.5
-2.9
0.1
-5.1
-10.5
-5.0
6.7
12.5
-3.8
Percent
1981
1982
1983
1984
1985
1st Qtr
2d Qtr
Apr
May
Jun
United States
90-day certificates of
deposit, secondary market
16.24
12.49
9.23
10.56
8.76
8.61
8.61
Japan
loans and discounts
(2 months)
7.79
7.23
NA
6.66
6.55
6.54
6.55
6.55
6.53
West Germany
interbank loans
(3 months)
12.19
8.82
5.78
5.96
6.12
5.98
5.98
France 15.47 14.68 12.51 11.74 10.64 10.58 10.58
interbank money market
(3 months)
United Kingdom 13.85 12.24 10.12 9.91 12.98 12.67 12.67
sterling interbank loans
(3 months)
Italy 20.13 20.15 18.16 15.91 15.78 15.37 15.37
Milan interbank loans
(3 months)
Canada 18.46 14.48 9.53 11.30 10.59
finance paper (3 months)
Eurodollars 16.87 13.25 9.69 10.86 9.04 8.74 8.86 8.61
3-month deposits
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Agricultural Prices
1980 1981 1982 1983 1984 1985
Bananas 177 214 217 232 243
Fresh imported,
(Total world,
$ per metric ton)
1st Qtr 2d Qtr Jun Jul Au
110.4 111.6 110.6 111.5 NA
Beef (0 per pound)
Australia
125.2
112.1
108.4
110.7
101.1
100.2
93.3
92.4
92.9
93.5
(Boneless beef,
f.o.b., US Ports)
United States
104.3
100.0
101.4
97.6
100.9
96.6
88.9
88.1
84.2
79.2
(Wholesale steer beef,
midwest markets)
Cocoa (0 per pound)
113.5
89.8
74.3
92.1
106.2
99.2
96.4
91.5
95.7
98.2
Coffee ($ per pound)
1.54
1.28
1.40
1.32
1.44
1.44
1.42
1.42
1.34
1.33
Corn
150
150
123
148
150
133
133
129
126
115
(US #3 yellow,
c.i.f. Rotterdam
$ per metric ton)
Cotton
81.70
75.96
62.87
72.86
75.03
57.95
55.35
52.60
49.22
46.95
(World Cotton Prices, "B"
index, c.i.f. Europe, US 0/lb.)
Palm Oil
583
571
445
502
730
605
606
556
487
413
(United Kingdom 5% bulk,
c.i.f., $ per metric ton)
Rice ($ per metric ton)
US (No. 2, milled,
598
632
481
514
514
496
496
495
488
479
4% c.i.f. Rotterdam)
Thai SWR
522
573
362
339
310
254
243
237
230
238
(100% grade B
c.i.f. Rotterdam)
Soybeans 296 288 244 282 283 240 236 229 223 209
(US #2 yellow,
c.i.f. Rotterdam
$ per metric ton)
Soybean Oil 598 .507 447 527 727 651 658 630 568 526
(Dutch, f.o.b. ex-mill,
$ per metric ton)
Soybean Meal 257 252 219 238 197 157 147 142 152 157
(US, c.i.f. Rotterdam
$ per metric ton)
Sugar 29.03 16.93 8.42 8.49 5.18 3.69 2.96 2.74 3.15 4.35
(World raw cane, f.o.b.
Caribbean Ports, spot
prices 0 per pound)
Tea 101.4 91.0 89.9 105.2 156.6 126.9 82.8 74.6 71.5 NA
Average Auction (London)
(0 per pound)
Wheat 209 210 187 183 182 177 169 166 157 148
(US #2. DNS
Rotterdam c.i.f.
$ per metric ton)
Food Index a (1975 =100) 232 203 167 184 194 176 168 166 161 164
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Industrial Materials Prices
1st Qtr
2d Qtr
Jun
Jul
Aug
Aluminum (? per pound)
Major US producer
71.6
77.3
76.0
77.7
81.0
81.0
81.0
81.0
81.0
81.0
LME cash
80.8
57.4
44.9
65.1'
56.8
49.2
49.3
47.5
45.7
46.2
Chrome Ore
(South Africa chemical
grade, $ per metric ton)
55.0
53.0
50.9
50.0
50.0
49.9
44.7
41.0
41.0
41.0
Copper a (bar, 0 per pound)
98.7
79.0
67.1
72.0
62.4
62.1
67.6
65.7
66.0
65.3
Gold ($ per troy ounce)
612.1
460.0
375.5
424.4
360.0
300.0
319.8
315.7
315.8
327.9
Lead a (0 per pound)
41.1
32.9
24.7
19.3
20.0
17.2
17.3
17.4
18.0
18.6
Manganese Ore
(48% Mn, $ per long ton)
78.5
82.1
79.9
73.3
69.8
69.6
68.4
68.4
68.4
68.4
Nickel ($ per pound)
Cathode major producer
3.5
3.5
3.2
3.2
3.2
3.2
3.2
3.2
3.2
3.2
LME Cash
3.0
2.7
2.2
2.1
2.2
2.2
2.5
2.5
2.3
2.3
Platinum ($ per troy ounce)
Major producer
439.5
475.0
475.0
475.0
475.0
475.0
475.0
475.0
475.0
475.0
Metals week, 677.0 446.0 326.7 422.6 358.2 269.3 275.4 265.5 267.6 298.2
New York dealers' price
Rubber (0 per pound)
Synthetic b 40.6 47.5 45.7 44.0 44.4 46.6 45.7 45.1 44.7 NA
Natural c 73.8 56.8 45.4 56.2 49.6 42.0 41.5 41.6 41.5 42.5
Silver ($ per troy ounce) 20.7
10.5
7.9
11.4
8.1 5.9 6.3 6.2 6.0 6.2
Steel Scrap d ($ per long ton) 91.2
92.0
63.1
73.2
86.4 83.7 71.9 66.3 NA NA
Tina (0 per pound) 761.3
641.4
581.6
590.9
556.6 501.1 541.3 556.6 575.7 574.6
Tungsten Ore 18,219
18,097
13,426
10,177
10,243 11,515 10,974 10,195 10,164 10,714
(contained metal,
$ per metric ton)
US Steel 486.2
543.5
567.3
590.2
611.61 617.83 617.83 617.83 NA NA
(finished steel, composite,
$ per long ton)
Zinc a (0 per pound) 34.4
38.4
33.7
34.7
41.5 40.0 39.5 36.8 35.0 33.6
Lumber Index a 167
159
140
190
176 167 179 189 182 169
(1975 =100)
Industrial Materials Index f 184
166
142
152
138 122.7 124.6 124 123 119
(1975 =100)
a Approximates world market price frequently used
by major world
a This index is compiled by using the average of 11 types of lumber
producers and traders, although only small quantities of these
whose prices are regarded as bellwethers of US lumber construction
metals are actually traded on the LME.
costs.
b S-type styrene, US export price.
f The industrial materials index is compiled by The Economist for .
c Quoted on New York market.
18 raw materials which enter international trade. Commodities are
d Average of No. 1 heavy melting steel scrap and No. 2 bundles weighted by 3-year moving averages of imports into industrialized
delivered to consumers at Pittsburgh, Philadelphia, and Chicago. countries.
__,I_ Approved For Release 2011/07/11: CIA-RDP88-00798R000200030007-2 ;
 Approved For Release 2011/07/11: CIA-RDP88-00798R000200030007-2
World Crude Oil Production
Excluding Natural Gas Liquids
Thousai d' b/d
1980
1981
1982
1983
1984
1985
1st Qtr
2d Qtr
Apr
May
Jun
World
59,463
55,827
53,014
52,588
53,827
53,028
53,616
52,090
Non-Communist countries
45,243
41,602
38,810
38,228
39,257
38,756
39,077
37,250
Developed countries
12,859
12,886
13,276
13,864
14,302
14,693
14,772
14,893
United States
8,597
8,572
8,658
8,680
8,735
8,871
8,972
8,907
9,032
8,975
Canada
1,424
1,285
1,270
1,356
1,411
1,463
1,467
1,475
United Kingdom
1,619
1,811
2,094
2,299
2,535
2,660
2,621
2,598
Norway
528
501
518
614
700
719
765
765
Other
691
717
736
915
921
980
1,012
1,023
Non-OPEC LDCs
5,443
6,036
6,633
6,823
7,515
7,788
7,984
7,912
Mexico
1,936
2,321
2,746
2,666
2,746
2,711
2,723
2,820
2,792
2,555
Egypt
595
598
665
689
827
916
915
900
Other
2,912
3,117
3,222
3,468
3,942
4,161
4,249
4,220
OPEC
26,941
22,680
18,901
17,541
17,440
16,275
15,099
16,321
14,445
13,750
Algeria
1,020
803
701
699
638
660
616
650
600
600
Ecuador
204
211
211
236
253
274
262
256
280
250
Gabon
175
151
154
157
152
150
150
150
150
150
Indonesia
1,576
1,604
1,324
1,385
1,466
1,152
1,174
1,150
1,050
870
Iran
1,662
1,381
2,282
2,492
2,187
2,097
2,231
2,500
2,000
2,200
Iraq
2,514
993
972
922
1,203
1,300
1,323
1,300
1,300
1,370
Kuwait b
1,389
947
663
881
912
914
800
800
800
800
Libya
1,830
1,137
1,183
1,076
1,073
1,034
1,057
1,100
1,100
970
Neutral Zone c
544
370
317
390
410
480
306
400
280
240
Nigeria
2,058
1,445
1,298
1,241
1,393
1,590
1,377
1,600
1,430
1,100
Qatar
471
405
328
295
399
292
297
300
290
300
Saudi Arabia b
9,631
9,625
6,327
4,867
4,444
3,659
2,714
3,400
2,450
2,300
UAE
1,702
1,500
1,248
1,119
1,097
1,123
' 1,120
1,155
1,160
1,045
Venezuela
2,165
2,108
1,893
1,781
1,813
1,550
1,672
1,560
1,555
1,555
Communist countries
14,220
14,238
14,289
14,396
14,417
14,272
14,748
14,539
14,840
14,580
USSR
11,700
11,800
11,830
11,864
11,728
11,402
11,848
11,639
11,940
11,680
China
2,113
2,024
2,044
2,120
2,280
2,450
2,480
2,480
2,480
2,480
Other
407
414
415
412
409
420
420
420
420
420
e Preliminary.
b Excluding Neutral Zone production, which is shown separately.
c Production is shared equally between Saudi Arabia and Kuwait.
Approved For Release 2011/07/11: CIA-RDP88-00798R000200030007-2 _ - .
 Approved For Release 2011/07/11: CIA-RDP88-00798R000200030007-2
Big Seven: Inland Oil Consumption
Thousand b/d
1980 1981
1982
1983
1984
1985
1st Qtr
May
Jun Jul Aug
United States a 17,006 16,058
15,296
15,184
15,708
15,813
15,460
15,276 15,217 15,379
Japan 4,674 4,444
4,204
4,193
4,349
4,720
3,468
3,525
West Germany 2,356 2,120
2,024
2,009
2,012
1,993
1,986
2,104
France 1,965 1,744
1,632
1,594
1,531
1,766
1,286
1,339 1,230
United Kingdom 1,422 1,325
1,345
1,290
1,624
1,881
1,190
1,401
Italy b 1,602 1,705
1,618
1,594
1,513
1,715
1,257
1,204
Canada 1,730 1,617
a Including bunkers, refinery fuel, and losses.
b Principal products only prior to 1981.
1,454
1,354
1,348
1,329
1,382
Big Seven: Crude Oil Imports Thousand b/d
1980 1981 1982 1983 1984 1985
United States
5,220
4,406
3,488
3,329
3,402
2,545
3,401
3,488 3,301 3,190
Japan
4,373
3,919
3,657
3,567
3,664
3,777
3,270
3,607 3,442
West Germany
1,953
1,591
1,451
1,307
1,335
1,419
1,246
1,235 1,313
France
2,182
1,804
1,596
1,429
1,395
1,578
1,469
1,139
United Kingdom
893
736
565
456
482
534
Italy 1,860 1,816 1,710 1,532 1,507
Canada 557 521 334 247 244 189 220
-,l -- - - Approved For Release 2011/07/11: CIA-RDP88-00798R000200030007-2
 I I I 1 1I.- .
Approved For Release 2011/07/11: CIA-RDP88-00798R000200030007-2
OPEC: Crude Oil Official Sales Price a
US $ per barrel
1979
1980
1981
1982
1983
1984
1985
1st Qtr
2d Qtr
Jul
Aug
OPEC average b 18.67
30.87
34.50
33.63
29.31
28.70
28.25
28.11
28.00
28.04
Algeria 19.65
37.59
39.58
35.79
31.30
30.50
30.15
29.50
29.50
29.50
42? API 0.10% sulfur
Ecuador 22.41
34.42
34.50
32.96
27.59
27.50
26.82
26.50
26.15
26.15
28? API 0.93% sulfur
Gabon 18.20
31.09
34.83
34.00
29.82
29.00
28.35
28.00
28.00
28.00
29? API 1.26 % sulfur
Indonesia 18.35
30.55
35.00
34.92
29.95
29.53
28.88
28.53
28.53
28.53
35? API 0.09% sulfur
Iran
Light 19.45
34.54
36.60
31.05
28.61
28.00
28.38
28.05
28.05
28.05
34? API 1.35% sulfur
Heavy 18.49
33.60
35.57
29.15
27.44
27.10
27.41
27.35
27.35
27.35
31 ? API 1.60% sulfur
Iraq c 18.56
30.30
36.66
34.86
30.32
29.43
28.78
28.43
28.43
28.43
35? API 1.95% sulfur
Kuwait 18.48
29.84
35.08
32.30
27.68
27.30
27.30
27.30
27.30
27.30
31 ? API 2.50% sulfur
Libya 21.16
36.07
40.08
35.69
30.91
30.40
30.40
30.40
30.40
30.40
40? API 0.22% sulfur
Nigeria 20.86
35.50
38.48
35.64
30.22
29.12
28.24
28.37
28.37
28.37
34? API 0.16% sulfur
Qatar 19.72
31.76
37.12
34.56
29.95
29.49
28.48
28.10
28.10
28.10
40? API 1.17% sulfur
Saudi Arabia
Berri 19.33
30.19
34.04
34.68
29.96
29.52
28.48
28.11
28.11
28.11
39? API 1.16% sulfur
Light 17.26
28.67
32.50
34.00
29.46
29.00
28.32
28.00
28.00
28.00
34? API 1.70% sulfur
Medium 16.79
28.12
31.84
32.40
27.86
27.40
27.48
27.40
27.20
27.20
310 API 2.40% sulfur
Heavy 16.41
27.67
31.13
31.00
26.46
26.00
26.50
26.50
26.00
26.00
27? API 2.85% sulfur
UAE 19.81
31.57
36.42
34.74
30.38
29.56
28.52
28.15
28.15
28.15.
39? API 0.75% sulfur
Venezuela 17.22
28.44
32.88
32.88
28.69
27.88
27.69
27.60
27.10
27.10
26? API 1.52% sulfur
a F.o.b. prices set by the government for direct sales and, in most
cases, for the producing company buy-back oil.
b Weighted by the volume of production.
? Beginning in 1981 the price of Kirkuk (Mediterra
nean) is used in
calculating the OPEC average official sal
es price.
V Approved For Release 2011/07/11 : CIA-RDP88-00798R000200030007-2
 Approved For Release 2011/07/11: CIA-RDP88-00798R000200030007-2
OPEC: Average Crude Oil Sales Price
as
oA
Unclassified
308653 9-85
Approved For Release 2011/07/11: CIA-RDP88-00798R000200030007-2
I 11 III IV I 11 HI IV I 11 111 IV I II III IV 1 11 111 IV I 11 111 IV I II J F M A M 1 J A
1979 1980 1981 1982 1983 1984 1985
The 1973 price is derived from posted prices, not official sales prices.