Table 13. World Crude Oil Prices1 (Dollars per Barrel) Country Type of Crude/ In Effect: API Gravity2 29-Jan 22-Jan 1-Jan 2-Jan 4-Jan 5-Jan 6-Jan 6-Jan 2010 2010 2010 2009 2008 2007 2006 1978 -------------------------------------------------------------------------------- OPEC Abu Dhabi Murban 39° 74.23 77.92 77.70 38.97 94.85 61.39 59.74 13.26 Algeria Saharan Blend 44° 73.28 76.41 76.72 37.44 98.28 59.77 60.96 14.10 Angola6 Cabinda 32° 72.66 75.74 75.82 35.04 92.29 54.93 56.51 NA Dubai Fateh 32° 72.67 76.51 76.28 36.67 90.19 56.43 55.53 12.64 Ecuador6 Oriente 30° 68.20 71.68 73.98 29.31 85.46 47.92 46.37 12.35 Iran Iranian Heavy 30° 71.43 74.63 74.59 33.16 92.76 51.92 54.07 12.49 Iranian Light 34° 71.83 75.03 74.94 35.31 94.96 53.77 56.07 13.45 Iraq3 Kirkuk 36° 71.94 74.86 75.66 35.60 92.23 52.51 54.91 13.17 Kuwait Kuwait 31° 71.98 75.79 75.49 32.86 88.20 53.35 53.61 12.22 Libya Es Sider 37° 73.03 76.33 76.73 36.66 96.79 56.83 58.94 13.68 Neutral Zone Khafji 28° 70.76 74.35 75.21 35.21 93.02 53.48 55.01 12.03 Nigeria Bonny Light 37° 74.41 77.75 77.69 39.85 98.52 60.64 60.76 15.12 Forcados 31° 73.66 76.86 76.99 40.65 98.47 60.64 60.91 13.70 Qatar Dukhan 40° 73.88 77.48 77.20 37.13 94.20 59.90 59.49 13.19 Saudi Arabia Arabian Heavy 27° 69.16 72.75 73.56 30.16 88.07 49.83 50.41 12.02 Arabian Light 34° 70.76 74.35 75.21 35.21 93.02 53.48 55.01 12.70 Arabian Medium 31° 69.66 73.25 74.01 32.16 90.27 51.53 52.86 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° 71.99 75.43 76.11 35.42 93.85 52.60 56.45 13.54 Total OPEC4 71.97 75.39 75.77 35.48 93.56 55.06 56.18 13.03 Non-OPEC Australia Gippsland 42° 76.03 79.37 78.19 37.04 98.72 62.28 62.75 NA Brunei7 Seria Light 37° NA NA NA NA NA NA NA 14.15 Cameroon Kole 34° 71.80 75.03 75.65 33.10 93.90 54.41 57.50 NA Canada Canadian Par 40° 72.48 75.64 73.99 28.01 94.72 57.12 58.94 NA Heavy Hardisty 22° 70.30 72.08 68.53 23.58 65.38 NA NA NA China Daqing 33° 71.37 75.27 75.50 35.65 95.08 59.33 57.67 13.73 Colombia Cano Limon 30° 74.76 78.64 80.12 42.83 92.97 54.61 57.55 NA Egypt5 Suez Blend 33° 69.31 72.45 72.59 32.67 91.53 50.91 53.72 12.81 Gabon6 Mandji 30° NA NA NA NA NA NA NA 12.59 Indonesia6 Minas 34° 74.86 79.10 79.97 36.63 98.34 62.31 58.63 13.55 Malaysia Tapis Blend 44° 76.43 79.79 78.94 39.83 100.53 63.47 65.56 14.30 Mexico Isthmus 33° 71.88 75.32 76.00 35.31 93.74 52.49 56.34 13.10 Maya 22° 66.91 69.76 70.80 29.53 82.78 44.17 45.99 NA Norway Ekofisk Blend 42° 73.52 76.83 76.83 37.22 98.23 57.20 60.91 14.20 Oman Oman Blend 34° 72.99 76.77 76.39 37.14 90.50 57.16 56.38 13.06 Russia8 Urals 32° 71.95 75.06 76.57 34.20 93.98 52.36 56.07 13.20 United Kingdom Brent Blend 38° 72.32 75.61 77.27 34.33 98.42 56.66 60.93 NA Total Non-OPEC4 72.02 75.10 75.26 33.48 92.15 54.32 54.35 13.44 Total World4 71.99 75.26 75.55 34.57 92.93 54.63 55.12 13.08 United States9 71.29 74.29 74.01 31.76 88.41 51.57 53.28 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