VOL. XXXIV
NO. 45
12 AUGUST 1991
Oil Prices
OPEC Basket Price Increases to $18.20/B in July
The average spot price for the OPEC basket of seven crudes rose to $18.20/Bin July as against $17.21/B in June. The year to date average price works out at$18.34/B, as compared with the minimum reference price of $21/B set during theGeneva conference in July 1990. Details are shown in the table below:
Spot Quotations for the OPEC Reference Basket ($/B)
Saharan Bonny Arab T.J. Blend Minas Light Light Dubai...
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