VOL. XXXVI
NO. 15
11-JANUARY-1993
OIL PRICES
OPEC Basket Price Averages $18.41/B in 1992
The average spot price for the OPEC basket of seven crudes for the year 1992was $18.41/B, according to figures just released by the OPEC Secretariat. Theannual 1992 price is $2.59 less than the $21/B minimum reference price agreedupon during the OPEC Ministerial Conference of July 1990, and is also less thanthe average price for 1991 ($18.66/B) and 1990 ($22.26/B).
Prices remained weak throughout the past...
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