NO. 7



Value of OPEC Oil Exports Down 7.2% in 1988

Figures in the newly published 1988 OPEC Annual Statistical Bulletin showthat the total value of oil exports by the OPEC member countries fell by 7.2% in1988 - to $86.364bn as compared with $93.042bn in 1987. This decrease in valuetook place despite a 12.6% increase in the volume of oil exports in 1988.

Although the OPEC Bulletin itself does not comment or give any figures onmarket prices in 1988, the fall in the...