Table 13. World Crude Oil Prices1 (Dollars per Barrel) Country Type of Crude/ In Effect: API Gravity2 13-Nov 6-Nov 2-Jan 4-Jan 5-Jan 6-Jan 7-Jan 6-Jan 2009 2009 2009 2008 2007 2006 2005 1978 -------------------------------------------------------------------------------- OPEC Abu Dhabi Murban 39° 79.37 78.47 38.97 94.85 61.39 59.74 38.74 13.26 Algeria Saharan Blend 44° 77.21 77.51 37.44 98.28 59.77 60.96 40.89 14.10 Angola6 Cabinda 32° 76.21 76.63 35.04 92.29 54.93 56.51 35.32 NA Dubai Fateh 32° 78.09 77.14 36.67 90.19 56.43 55.53 34.44 12.64 Ecuador6 Oriente 30° 70.85 71.35 29.31 85.46 47.92 46.37 26.59 12.35 Iran Iranian Heavy 30° 75.98 76.40 33.16 92.76 51.92 54.07 32.98 12.49 Iranian Light 34° 76.33 76.75 35.31 94.96 53.77 56.07 35.73 13.45 Iraq3 Kirkuk 36° 76.07 76.54 35.60 92.23 52.51 54.91 34.62 13.17 Kuwait Kuwait 31° 77.49 76.56 32.86 88.20 53.35 53.61 31.86 12.22 Libya Es Sider 37° 76.88 77.33 36.66 96.79 56.83 58.94 39.21 13.68 Neutral Zone Khafji 28° 75.71 75.65 35.21 93.02 53.48 55.01 34.05 12.03 Nigeria Bonny Light 37° 78.34 78.71 39.85 98.52 60.64 60.76 40.22 15.12 Forcados 31° 77.64 78.01 40.65 98.47 60.64 60.91 40.12 13.70 Qatar Dukhan 40° 78.82 77.66 37.13 94.20 59.90 59.49 38.14 13.19 Saudi Arabia Arabian Heavy 27° 74.51 74.45 30.16 88.07 49.83 50.41 27.95 12.02 Arabian Light 34° 75.71 75.65 35.21 93.02 53.48 55.01 34.05 12.70 Arabian Medium 31° 74.66 74.60 32.16 90.27 51.53 52.86 30.60 12.32 Venezuela Bachaquero 17° NA NA NA NA NA NA NA 11.38 Bachaquero 24° NA NA NA NA NA NA NA 12.39 Tia Juana Light 31° 76.30 76.77 35.42 93.85 52.60 56.45 36.49 13.54 Total OPEC4 76.57 76.56 35.48 93.56 55.06 56.18 35.21 13.03 Non-OPEC Australia Gippsland 42° 78.60 77.46 37.04 98.72 62.28 62.75 40.92 NA Brunei7 Seria Light 37° NA NA NA NA NA NA NA 14.15 Cameroon Kole 34° 75.92 76.35 33.10 93.90 54.41 57.50 34.72 NA Canada Canadian Par 40° 74.37 77.82 28.01 94.72 57.12 58.94 41.32 NA Heavy Hardisty 22° 69.27 71.05 23.58 65.38 NA NA NA NA China Daqing 33° 76.34 74.85 35.65 95.08 59.33 57.67 37.69 13.73 Colombia Cano Limon 30° 79.41 79.90 42.83 92.97 54.61 57.55 37.39 NA Egypt5 Suez Blend 33° 73.17 73.57 32.67 91.53 50.91 53.72 33.94 12.81 Gabon6 Mandji 30° NA NA NA NA NA NA NA 12.59 Indonesia6 Minas 34° 81.14 80.18 36.63 98.34 62.31 58.63 38.25 13.55 Malaysia Tapis Blend 44° 80.73 79.23 39.83 100.53 63.47 65.56 41.53 14.30 Mexico Isthmus 33° 76.19 76.66 35.31 93.74 52.49 56.34 36.37 13.10 Maya 22° 71.84 72.10 29.53 82.78 44.17 45.99 28.31 NA Norway Ekofisk Blend 42° 77.22 77.60 37.22 98.23 57.20 60.91 40.48 14.20 Oman Oman Blend 34° 78.29 77.38 37.14 90.50 57.16 56.38 35.48 13.06 Russia8 Urals 32° 76.13 76.03 34.20 93.98 52.36 56.07 36.14 13.20 United Kingdom Brent Blend 38° 76.60 76.53 34.33 98.42 56.66 60.93 41.39 NA Total Non-OPEC4 75.66 76.05 33.48 92.15 54.32 54.35 35.12 13.44 Total World4 76.17 76.34 34.57 92.93 54.63 55.12 35.16 13.08 United States9 74.45 75.31 31.76 88.41 51.57 53.28 33.79 13.38 ------------------------------------------------------------------------------------------- 1 Estimated contract prices based on government-selling prices, netback values, or spotmarket quotations. All prices are f.o.b. at the foreign port of lading except where noted; 30 day payment plan except where noted. See Appendix A for procedure used for calculation of world oil prices. 2 An arbitrary scale expressing the gravity or density of liquid petroleum products. 3 Netback price at U.S. Gulf. 4 Average prices (f.o.b.) weighted by estimated export volume. 5 On 60 days credit. 6 Ecuador rejoined OPEC effective November 2007. Effective July 1996, Gabon withdrew from OPEC. Effective January 2007, Angola became a member of OPEC. Effective January 2009, Indonesia withdrew from OPEC. Prices have been adjusted accordingly. 7 Brunei contract prices no longer available for use in weekly calculations. 8 Price (f.o.b.) to Mediterranean destinations; also called Urals. 9 Average prices (f.o.b.) weighted by estimated import volume. Notes: The Canadian crude prices have been changed to U.S. dollars. Effective with the week ending July 6, 2007, Lloyd Blend crude stream data are no longer available; a similar crude stream Heavy Hardisty has replaced this category. NA=Not Applicable. R=Revised data. Sources: (the complete url below appears on two lines) http://www.eia.doe.gov/pub/oil_gas/petroleum/data_publications/weekly_petroleum_ status_report/current/pdf/sources.pdf