VOL. XLI

No. 50

14-December-1998

OPEC

Export Prices For Venezuela

Venezuelas Ministry of Energy and Mines has announced averageprices for its oil exports as listed below. The Venezuelan prices are for a basket ofcrude oil and refined product sales on world markets.

Venezuelan Basket Prices ($/B)

Period

Basket Price

Period

Basket Price

Nov Average*

9.47

1998 Average*

10.89

Oct Average*

11.14

1997 Average

16.32

Sep Average*

11.50

1996 Average

18.39

Aug...