GENERAL

$8/B Decline in cif Crude Prices for Europe Since 1981

 Figures published in the EEC Oil Bulletin show that for the EEC countries as a whole the cif price of crude oil sup- plies has fallen from $37.451B in the first quarter of 1981 to $29.60/B in the second quarter of 1984. Broadly speaking the decline in cif prices over this period appears to have taken place in a series of jumps rather through a process of gradual erosion: a fall of some $1.80/B in 3Q 1981; another around...