(UNTITLED)

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP97-00770R000100220001-8
• Release Decision: RIFPUB
• Original Classification: K
• Document Page Count: 15
• Document Creation Date: January 12, 2017
• Document Release Date: May 16, 2011
• Sequence Number: 1
• Publication Date: April 11, 1986
• Content Type: REPORT

Approved For Release 2011/05/16: CIA-RDP97-0077OR000100220001-8
Directorate of
Intelligence
Economic & Energy
Indicators
DI EEI 86-008
11 April 1986
Approved For Release 2011/05/16: CIA-RDP97-0077OR000100220001-8
 Approved For Release 2011/05/16: CIA-RDP97-0077OR000100220001-8
This publication is prepared for the use of US Government
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Approved For Release 2011/05/16: CIA-RDP97-0077OR000100220001-8
 Approved For Release 2011/05/16: CIA-RDP97-0077OR000100220001-8
Economic & Energy
Indicators
Industrial Production
Gross National Product
Consumer Prices
Money Supply
Unemployment Rate
Foreign Trade
Current Account Balance
Export Prices in US $
Import Prices in US $
Exchange Rate Trends
Money Market Rates
Agricultural Prices
Industrial Materials Prices
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
I Approved For Release 2011/05/16: CIA-RDP97-0077OR000100220001-8
 Approved For Release 2011/05/16: CIA-RDP97-0077OR000100220001-8
Percent change from previous period
seasonally adjusted at an annual rate
United States
.1apan
West Germany
France
United Kingdom
Italy
Canada
2.6
1.0
-2.3
- 2.6
- 3.9
1.6
0.5
7.2
0.4
-3.2
-1.5
2.1
3.1
10.0
5.9
3.5
0.3
1.1
3.9
3.2
5.3
11.6
11.1
2.4
2.3
1.3
3.1
8.8
Year
2.2
4.7
4.5
0.5
4.8
1.2
4.3
3d Qtr
2.1
-0.4
0.1
7.3
0.4
-2.5
9.4
4th Qtr Jan Feb
1.8 1.9 - 7.3
-2.9 6.7 1.0
1.7 2_1.I
0 8.7
12_0.7
1.8 26.9
5.5 0.8
.
Percent change jron, precious period
seasonally adjusted at an annual rate
Year
Ist Qtr
2d Qtr 3d Qtr 4th Qtr
United States
2.5
2.1
3.5
6.5
2.2
3.7
I.I 3.0 0.7
Japan
4.1
3.1
3.3
5.0
4.6
1.7
5.8 2.6 7.6
West Germany
0.2
1.0
1.5
3.0
2.4
- 3.3
6.8 6.8 0.2
France
0.2
1.8
0.7
1.6
1.2
-0.6
3.7 2.1 2.0
United Kingdom
1.4
1.9
3.3
2.6
3.3
3.4
6.4 0.7 , 7
Italy
0.2
0.5
-0.4
2.6
1.2
4.8 0.5
Canada
3.3
-4.4
3.3
5.0
4.1
3.2 7.0 5.4
I nited States
10.3
6.2
3.2
4.3
Japan
4.9
2.6
1.8
2.3
West Germany
6.0
5.3
3.3
2.4
France
13.3
12.0
9.5
7.7
United Kingdom
11.9
8.6
4.6
5.0
Italy
19.3
16.4
14.9
10.6
Canada
12.5
10.8
5.8
4.3
Percent change Iron, previous period
seasonally acliu.sted at an annual rate
Year
4th Qtr
Jan
Feb
\iar
3.5
4.3
4.1
4.6
2.0
2.1
0.2
0
6.6
2.2
1.0
1.1
3 2
2.0
5.8
3.2
0.3
3.2
6.1
3.2
6.0
3.8
8.6
6.8
3.6
5.3
5.4
4.0
4.3
5.5
2.7
Approved For Release 2011/05/16: CIA-RDP97-0077OR000100220001-8
 Approved For Release 2011/05/16: CIA-RDP97-0077OR000100220001-8
Money Supply, M-1,
Percent change from previous period
seasonalh? adjusted at an annual rate
Year
4th Qtr
Jan
Feb
Mar
United States 1'
7.1
6.6
11.2
7.0
9.1
11.0
1.2 _
7.5
Japan
3.7
7 . 1
3.0
2.9
4.6
0
7.5
- 8.3
West Germane
1.1
3.6
10.3
3.3
4.4
15.5
15.9
10.1
France
12.2
13.9
10.0
7.8
United Kingdom
yA
vn
13.0
14.7
16.7
25.1
-7.6
3.9
Itals
11.2
11.6
15.1
12.3
Canada
3.8
0.7
10.2
3.3
4.2
14.3
-4.1
-4.3
2.9
Based on amounts in national currency units.
Including MI -A and MI -B.
Unemployment Rate .,
Year
4th Qtr
Jan
Feb
Mar
United States
7.5
9.6
9.4
7.4
7.1
6.9
6.6
7.2
7.1
Japan
2.2
2.4
2.7
2.7
2.6
2.8
2.7
2.6
West Germany
5.6
7.7
9.2
9.1
9.3
9.1
9.0
9.2
9.2
I ranee
7.6
8.4
8.6
9.6
9.9
9.7
10.2
10.4
10.5
United Kingdom
10.0
11.6
12.4
12.6
13.1
13.2
13.3
13.2
Italy
8.4
9.1
9.9
10.4
10.7
11.0
Canada
7.5
1 1.1
11.9
11.3
10.5
10.2
9.8
9.8
9.6
Approved For Release 2011/05/16: CIA-RDP97-0077OR000100220001-8
 Approved For Release 2011/05/16: CIA-RDP97-0077OR000100220001-8
United States 1,
Exports
Imports
Balance
.japan
I .Sports
I mports
Balance
West Germans
I' Sports
Imports
Balance
France
Exports
Imports
Balance
United Kingdom
I'.xports
Imports
Balance
Italc
Exports
I mports
Balance
Canada
Exports
Imports
Balance
233.5
261.0
27.5
149.6
129.5
20.1
175.4
163.4
11.9
106.3
1 15.6
9.3
102.5
94.6
7.9
75.4
91.2
15.9
70.5
64.4
6.1
212.3
244.0
31.6
138.2
119.6
18.6
176.4
1 55.3
21.1
96.4
110.5
14.0
97.1
93.1
4.0
73.9
86.7
13.8
68.5
54.1
14.4
200.7
258.2
57.5
145.3
114.1
31.4
169.5
152.9
16.6
95.1
101.0
5.9
92.1
93.7
1.6
72.8
80.6
7.9
73.7
59.3
14.4
217.6
325.6
108.0
168.1
124.1
44.0
171.9
153.1
18.8
97.5
100.3
2.8
93.7
99.1
5.3
73.5
84.3
-10.9
86.5
70.6
15.9
Year
213.3
346.1
-132.8
173.9
117.9
56.0
184.3
159.0
25.3
101.9
104.5
-2.5
101.2
103.9
-2.7
78.9
90.7
11.9
88.0
75.7
12.3
2d Qtr
52.6
86.4
-33.8
42.6
29.5
13.1
43.6
37.2
6.4
24.4
24.7
0.4
25.4
25.7
0.3
18.3
21.9
--3.7
21.8
18.6
3.2
3d Qtr
52.6
84.5
31.9
43.6
29.2
14.4
48.7
41.8
6.9
26.1
26.8
0.7
25.8
26.4
0.6
20.3
21.3
1.0
21.8
19.6
2.2
4th Qtr
52.4
90.8
38.4
47.3
30.3
17.0
31.3
43.8
7.5
28.9
29 2
0.3
27.3
27.6
0.3
12.5
26.0
3.5
22.5
19.6
9
Jan
31.0
16.3
10.4
5.9
18.9
15.4
3.5
10.2
9.7
0.5
8.9
8,7
0.2_
7.2
8.9
1.6
7.7
6.9
0.8
Feb
31.1
16.0
10.5
5.4
19.1
15.6
3.5
10.3
10.3
0
8.8
9.3
0.5
8.6
9.4
0.8
Seasonally adjusted.
Imports are customs values.
Imports are c.i.f'.
Year
3d Qtr
4th Qtr
Dcc
Jan
Eeb
l'nited States
6.3
8.1
-46.0
107.4
-117.7
29.3
-36.6
.japan
4.8
6.9
20.8
35.0
49.3
13.1
16.1
6.8
1.9
3.9
wcst (icrn'ran
6.8
3.3
4.2
6.0
13.7
2.0
7.0
2.8
1.4
3.0
I rancc
4.7
12.1
4.9
0.9
0.8
0
0.8
United Kingdom
15.3
8.5
4.5
1.6
4.0
1.5
1.3
0.7
1.6
0.4
Italy
8.6
5.7
0.6
3.2
(luwda
5.0
2.1
1.4
1.9
Seasonally adjusted; converted to US dollars at current market
rates of exchange.
I Approved For Release 2011/05/16: CIA-RDP97-0077OR000100220001-8
 Approved For Release 2011/05/16: CIA-RDP97-0077OR000100220001-8
Export Prices in US $
United States
9.2
1.5
1.0
1.4
Japan
5.5
-6.4
-2.4
0.2
West Germany
-14.9
-2.8
3.2
-7.1
France
12.0
-5.5
-4.8
-2.9
United Kingdom
RA
NA
-6.2
-5.1
ItaIN
-7.8
3.0
4.4
-5.2
Canada
3.9
-2.0
Import Prices in US $
United States
5.3
2.0
3.7
1.7
Japan
3.6
-7.4
-5.0
-2.8
West Germany
-8.6
4.7
-5.2
4.8
France
7.8
7.2
7.0
3.8
United Kingdom
vA
`A
5.7
-4.6
Italy
1.0
-5.3
-6.6
-3.7
Canada
8.7
-I.1
-3.3
-0.1
Percent change front previous period
at an annual rate
Year
-0.6
-0.9
0
2.5
2.6
3d Qtr
-2.9
5.9
37.5
35.8
29.2
20.2
4th Qtr Jan Feb
2.1 0.4
39.1 24.2
44.6 32.1 59.4
30.8
13.0 - 10.6 16.7
Percent change front previous period
at an annual rate
Year
3d Qtr
4th Qtr Jan Feb
2.5
-0.1
1.9 1.8
4.3
2.8
3.2 16.5
-1.5
19.6
27.2 6.5 4.6
0.3
18.9
38.4
0.5
17.3
8.3 -13.6 - 2.0
--
-
-1.0
7.4
24.2
-1.3
9.3
4.2
Approved For Release 2011/05/16: CIA-RDP97-0077OR000100220001-8
 Approved For Release 2011/05/16: CIA-RDP97-0077OR000100220001-8
Exchange Rate Trends
Percent change /tuna previon.c period
at an alataal rate
Trade-Weighted
United States
10.5
10.6
5.8
9.1
6.3
-14.9
15.4
-16.0
Japan
9.3
5.7
10.4
6.2
6.8
1 1.1
69.1
5.0
West Germany
-2.1
7.0
5.8
1.0
1.7
8.4
11.6
6.5
France
5.1
6.1
--4.7
2.1
2.7
9.8
11.8
4.1
United Kingdom
2.5
-2.1
-5.0
-2.5
2.0
16.7
-6.5
39.5
Italy
9.2
5.1
-1.6
3.1
-3.8
9.8
4.5
6.3
Canada
0.3
0.2
2.3
-2.3
-3.6
4.0
12.1
14.7
Dollar Cost of Foreign Currency
Japan
2.7
-12.9
4.6
0
0.3
18.6
42.9
14.1
61
4
West Germain
24.6
-7.2
-5.2
-11.5
3.3
27.8
32.1
27.4
.
41
0
France
28.7
-20.8
15.9
14.7
2.7
28.0
31.6
26.3
.
41
0
United Kingdom
13.2
13.4
133 -
-11.9
-3.0
44.5
17.8
12.8
.
0
3
Italy
- 32.8
-18.8
-12.3
-15.6
-8.6
15.6
26.3
29.6
.
40
9
Canada
2.5
- 2.9
0.1
5.1
-S.4
2.7
6.0
-8.8
.
1.1
United States
90-day certificates of
deposit, secondary market
Japan
loans and discounts
(2 months)
West Germany
interbank loans
(3 months)
France
interbank money market
(3 months)
l'nited Kingdom
sterling interbank loans
(3 months)
Italy
Milan interbank loans
(3 months)
Canada
finance paper (3 months)
Eurodollars
3-month deposits
13.85
12.24
10.12
10.56
5.96
9.91
Year
8.16
5.40
12.21 1
3d Qtr
7.90
4.86
1.07
4th Qtr
7.93
4.81
11.60
Jan
7.95
4.63
12.05
Feb
N
A
y a
Approved For Release 2011/05/16: CIA-RDP97-0077OR000100220001-8
 Approved For Release 2011/05/16: CIA-RDP97-00770R000100220001-8
Agricultural Prices
Bananas
Fresh imported,
(Total world, S per metric ton)
A)
n
f
1981 1982 1983
214.0 217.0 232.0
(c per pou
Bee
112.1 108.4 110.7
Australia
(Boneless beef.
f.o.b. US Ports)
United States 100.0 101.4 97.6
(Wholesale steer beef,
midwest markets)
Cocoa (c per pound) 89.8 74.3 92.1
1.28 1.40 1.32
Coffee ($ per pound)
Corn 150 123 148
(US 3t 3 yellow,
c.i.f. Rotterdam, $ per metric ton)
72.69 74.48 85.71
Cotton
(World Cotton Prices, "A"
index, c.i.f. Osaka, US e/Ib.l
571 445 502
Palm Oil
(United Kingdom 5`7c bulk,
c.i.f., $ per metric ton)
Rice ($ per metric ton)
632 481 5(4
US (No. 2, milled,
4''; c.i.f. Rotterdam)
Thai SWR 573 362 339
(100'7, grade B
c.i.f. Rotterdam)
288 244 282
Soybeans
(US #2 yellow,
c.i.f. Rotterdam, S per metric ton)
507 447 527
Soybean Oil
(Dutch, f.o.b. ex-mill,
S per metric ton)
252 219 238
Soybean Meal
(US, c.i.f. Rotterdam
$ per metric ton)
16.93 8.42 8.49
Sugar
(World raw cane, f.o.b.
Caribbean Ports, spot prices g per pound) _ -
"Tea 91.0 89.9 105.2
Average Auction (London)
(c per pound) -
Wheat 210 187 183
(US -2. DNS
er metric tonl
,
m
d
a
S
er
t
R
ot
.
.
p
i
f
c.
1984
1985
1986
243.0
Year
110.3
4th Qtr
108.1
Jan
109.4
Feb
109.3
Mar
\A
101.1
96.6
99.3
98.5
97.7
96.4
100.9
90.7
96.1
92.3
87.0
84. )
106.2
98.7
100.8
100.6
95.
]A
1.44
1.43
1.52
2.04
1.95
2.04
150
125
117
119
115
112
63.91
57.87
48.68
52.13
54.66
54.00
730
501
369
342
283
235
5(4
484
465
450
455
455
310
249
263
238
237
232
283
225
208
218
217
218
727
571
454
457
395
370
197
157
174
(86
186
194
5.18
4.04
5.30
4.87
5.55
7.07
156.6
90.0
78.1
82.1
85.7
NA
182
169
175
175
175
165
97
Food Index (1980=100) 88 78 86 92 81 84 95 93
for (4 food commodities which enter international trade. Commodities are weighted by 3
The food index is compiled by The Economist
Near moving averages of imports into industrialized countries.
Approved For Release 2011/05/16: CIA-RDP97-0077OR000100220001-8
 Approved For Release 2011/05/16: CIA-RDP97-0077OR000100220001-8
Year
4th Qtr
Jan
Feb
Mar
Aluminum (c per pound)
Major US producer
77.3
76.0
77.7
81.0
81.0
81.0
81.0
81.0
81.0
LME cash
57.4
44.9
65.1
56.8
47.2
44.6
50.6
50.6
53.1
Chrome Ore
53.0
50.9
50.0
50.0
43.9
40.0
40.0
40.0
40.0
(South Africa chemical
grade, S per metric ton)
Copper (bar, c per pound)
79.0
67.1
72.0
64.2
64.5
64.2
64.2
63.8
65.6
Gold (S per troy ounce)
460.0
375.5
424.4
360.0
317.2
326.0
343.1
338.9
345.7
Lead (c per pound)
32.9
24.7
19.3
20.0
17.7
17.8
16.7
16.7
16.6
Manganese Ore
82.1
79.9
73.3
69.8
68.4
67.2
67.2
67.2
67.2
)48'% Mn, S per long ton)
Nickel (S per pound)
Cathode major producer
3.5
3.2
3.2
3.2
3.2
3.2
3.2
3.2
3.2
LME Cash
2.7
2.2
2.1
2.2
2.2
1.9
1.8
1.8
1.9
Platinum (S per troy ounce)
Major producer
475.0
475.0
475.0
475.0
475.0
475.0
475.0
475.0
475.0
Metals week,
446.0
326.7
422.6
358.2
291.0
325.5
362.6
373.8
413.0
New York dealers' price
Rubber (c per pound)
Ssnthctic
47.5
45.7
44.0
44.4
44.1
41.7
43.9
42.8
yA
Natural
56.8
45.4
56.2
49.6
42.0
41.8
40.7
42.5
42.0
Silver ($ per troy ounce)
10.5
7.9
11.4
8.1
6.1
6.1
6.0
5.9
5.7
Steel Scrap d (S per long ton)
92.0
63.1
73.2
86.4
74.4
69.2
73.2
75.0
y4
Tin (C per pound)
641.4
581.6
590.9
556.6
543.2
559.4
N11
385.6
-
3_9.2
_
tungsten Ore
18,097
13.426
10,177
10,243
10,656
9.488
8,588
8,745
8,687
(contained metal,
S per metric ton)
US Steel
(finished steel, composite,
S per long ton)
Zinc (C per pound)
38.4
33.7
34.7
41.5
35.4
28.6
29.4
27.6
28.4
Lumber Index
95
84
114
105
103
101
Nn
104
\A
)1980-- 100)
Industrial Materials Index r
85
71
(1980-100)
Approximates world market price frequently used by major world
producers and traders, although only small quantities of these
metals are actually traded on the LME. As of February 1986 tin
prices from the Penang market.
S-tcpe styrene, US export price.
Quoted on New York market.
Average of No. I heavy melting steel scrap and No. 2 bundles
delivered to consumers at Pittsburgh, Philadelphia, and Chicago.
This index is compiled by using the average of I I types of lumber
whose prices are regarded as bellwethers of US lumber construction
costs.
The industrial materials index is compiled by The Economist for
18 raw materials which enter international trade. Commodities are
weighted by 3-year moving averages of imports into industrialized
countries.
I Approved For Release 2011/05/16: CIA-RDP97-0077OR000100220001-8
 Approved For Release 2011/05/16: CIA-RDP97-0077OR000100220001-8
World Crude Oil Production
Excluding Natural Gas Liquids
World
55,837
53,092
52,633
53,691
Non-Communist countries
41,602
38,810
38,228
39,257
Developed countries
12,886
13,276
13,864
14,302
t1nited States
8.572
8,658
8,680
8,735
Canada
1,285
1,270
1.356
1,411
United Kingdom
1,811
2,094
2,299
2,535
Norway
501
518
614
700
Other
717
736
915
921
Non-OPEC 1 DCs
6,036
6.633
6.823
7,515
Mexico
2,321
2,746
2,666
2,746
Egypt
598
665
689
827
Other
3,117
3,222
3,468
3,942
OPEC
17,680
18,901
17.541
17,440
Algeria
803
701
699
638
Ecuador
211
211
236
253
Gabon
151
154
157
152
Indonesia
1,604
1,324
1,385
1,466
Iran
1,381
2 282
2,492
2,187
Iraq
993
972
922
1,203
Kuwait
947
663
881
912
Eibca
1,137
1,183
1,076
1,073
Neutral Zone,
370
317
390
410
Nigeria
1,445
1,298
1,241
1,393
Qatar
405
328
295
399
Saudi Arabia
9,625
6,327
4,867
4,444
VAE
1,500
1,248
1,119
1,097
Venezuela
2,108
1,893
1,781
1,813
Communist countries
14,235
14,282
14,405
14,434
USSR
11,800
11,830
11,864
11,728
China
2,024
2,042
2,121
2,286
Other
411
410
420
420
Preliminary.
Excluding Neutral Zone production, which is shown separately.
Production is shared equally between Saudi Arabia and Kuwait.
Year
3d Qtr
4th Qtr
Nov
Dec
53,356
52,373
55,015
54,709
55,051
38,692
37,588
40,707
40,418
40,760
14,730
14,643
14,958
14,989
14,860
8,933
8,954
8,933
8,901
8,936
1,457
1.444
1,476
1,475
1,500
2,533
2,399
2,607
2,655
2,481
785
823
870
879
870
1,022
1,023
1,072
1,079
1,073
7,845
7,922
7,888
7,849
7,915
2,733
2,738
2,721
2,679
2,733
874
890
856
860
860
4.238
4,294
4,311
4,310
4,322
16,117
15,023
17,861
17.580
17,985
645
616
660
680
650
280
282
287
290
290
153
153
160
160
160
1,235
1,203
1.286
1,200
1,100
2,258
2,335
2,301
2,200
2,400
1,437
1,482
1,666
1,700
1,650
862
800
899
950
900
1,069
933
1,234
1,200
1,300
355
306
391
400
360
1,464
1,214
1,686
1,760
1,620
302
312
312
300
335
3,290
2,564
4,067
4,000
4,500
1,146
1,193
1,242
1,185
1,165
1,621
1,630
1.670
1,555
1,555
14,664
14,785
14,308
14,291
14,291
11,749
11,866
11,367
11,350
11,350
2,496
2,504
2,521
2,521
2,521
419
415
420
420
420
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 Approved For Release 2011/05/16: CIA-RDP97-0077OR000100220001-8
Big Seven: Inland Oil Consumption
Year
United States
16,058
15,296
15,184
15,708
15,697
Japan
4,444
4,204
4,193
4,349
4,124
West Germany
2,120
2,024
2,009
2,012
2,077
France
1,744
1,632
1,594
1,531
1493
United Kingdom
1.325
1,345
1,290
1,624
11398
Italy 1,
1,705
1,618
1,594
1,513
1,511
Canada
1,617
1,454
1,354
1,348
1,350
2d Qtr 3d Qtr 4th Qtr Dec Jan
15,452 15,557 15,748 16,541 15,923
3,580 3,839 4,376 5,036
2,034 2.258 2,018 1,932
1,342 1,310 1,569 1,504 1,622
1,208 1,230 1,292 1,203
1,281 1,417 1,642 1,707 1,718
1,286 1,366 1,419 1,481
Including bunkers, refinery fuel, and losses
Principal products only prior to 1981.
Big Seven: Crude Oil Imports
Year
3d Qtr
4th Qtr
Nov
Dec
Jan
United States
4,406
3,488
3,329
3,402
3,216
3,171
3,662
4.105
3,640
3,329
Japan
3,919
3,657
3,567
3,664
3.003
3,233
West Germany
1,591
1,451
1,307
1,335
1,284
1,248
1,210
1.182
1,150
France
1,804
1,596
1,429
1,395
1,476
1,421
1,590
1,527
1,690
1,430
United Kingdom
736
565
456
482
444
Italy
1,816
1,710
1,532
1,507
1.166
Canada
521
334
247
244
311
350
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 Approved For Release 2011/05/16: CIA-RDP97-0077OR000100220001-8
OPEC: Crude Oil Official Sales Price ,,
OPEC average
Algeria
44? API 0.10'3 sulfur
Ecuador
28? API 0.93, sulfur
Gabon
29? API 1.26'7 sulfur
Indonesia
35? API 0.09'7 sulfur
Iran
30.87
37.59
34.42
34.50
39.58
34.50
33.63
35.79
32.96
29.31
31.30
27.59
29.82
28.70
30.50
27.50
29.00
28.14
29.66
26.41
28.09
Light
34.54
36.60
31.05
34? API 1.357r sulfur
IIcavv
33.60
35.57
29.15
31 ? API l.60`7 sulfur
Iraq
30.30
36.66
34.86
35? API 1.95?, sulfur
Kuwait
29.84
35.08
32.30
31 ? API 2.50'7 sulfur
Libya
36.07
40.08
35.69
40? API 0.22' sulfur
Nigeria
35.64
30.22
29.12
28.34
34? API 0.16'3 sulfur
Qatar
40? API 1.17`4 sulfur
Saudi Arabia
Berri
30.19
34.04
34.68
39? API 1.16'4 sulfur
Light
28.67
32.50
34.00
34? API 1.70'7 sulfur
Medium
28.12
31.84
32.40
31, API 2.40'7 sulfur
Ilcavs
27.67
31.13
31.00
26.46
26.00
26.25
27? API 2.85'7, sulfur
('AE
31.57
36.42
34.74
30.38
29.56
28.24
39? API 0.75'7, sulfur
Venezuela
28.44
32.88
32.88
28.69
27.88
27.37
26? API 1.527 sulfur
F.o.b. prices set by the government for direct sales and. in most
11 rises, for the producing company buy-back oil.
Weighted by the volume of production.
Beginning in 1981 the price of Kirkuk (Mediterranean) is used in
calculating the OPEC average official sales price.
1st Qtr
28.09
Jan
28.11
Feb
28.08
Mar
28.09
29.50
26.15
28.00
29.50
26.15
28.00
29.50
26.15
28.00
29.50
26.15
28.00
28.37
28.37
28.37
28.37
26.00
26.00
26.00
26.00
28.15
28.15
28.15
28.15
27.10
27.10
27.10
27.10
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 Approved For Release 2011/05/16: CIA-RDP97-00770R000100220001-8
OPEC: Average Crude Oil Sales Price
3.39
1973
I Approved For Release 2011/05/16: CIA-RDP97-00770R000100220001-8
 Approved For Release 2011/05/16: CIA-RDP97-0077OR000100220001-8
Approved For Release 2011/05/16: CIA-RDP97-0077OR000100220001-8