Middle East Economic Survey

VOL. XLVIII

No 44

31-October-2005

OPEC/OIL PRICES

Crude Oil Formulas/Posted Prices ($/B)

Venezuela($/B)

2005

2005

Sep

Aug

Jul

Jun

May

Apr

Mar

Feb

Jan

Avg

Basket Price

54.42

54.02

48.45

45.95

37.17

41.85

43.32

37.05

34.66

44.65

Source: Ministry of Energy and Petroleum, Venezuela.

Note: All prices are subject to revision.

The above are average prices announced by Venezuela's Ministry of Energy and Mines for oil...