§ Mr. Skeetasked the Secretary of State for Energy if he will list the revised selling prices of crude oil in both OPEC and non-OPEC countries, indicating any surcharges or premiums imposed.
§ Mr. GrayThe following table shows the most recent increase and the new price of major crude oil streams which are traded internationally. To some extent price differentials reflect differences in location and quality—largely but not exclusively measured by the sulphur content and the density (API number).
219W
Country Major crude API° Sulphur per cent New price Increase Best available information concerning premia OPEC producers Algeria Saharan Blend 44 0.1 40.00 3.00 No reliable information Nigeria Bonny Light 37 0.1 40.00 3.00 None Indonesia Sumahran Light 34 0.1 35.00 3.50 75c/b—$2/b on 15 per cent. sales Libya Zueitina 41 0.2 41.00 4.00 None Venezuela Oficina 34 0.7 35.00 3.21 None U.A.E. Murban 39 0.8 36.56 3.00 $3/b on some sales Ecuador Oriente 30 0.9 39.30* — 80 per cent. sold spot Qatar Dukhan 40 1.2 37.42 4.00 $6.50—$ll/b on 30 per cent. sales Gabon Mandji 30 1.2 39.54 7.54 $4/b on 25 per cent. sales Iran Light 34 1.4 37.00 2.00 $1.80/b on some sales Saudi Arabia Light 34 1.7 32.00 2.00† None Iraq Kirkuk 35 2.1 37.29‡ 4.00 No information Kuwait Kuwait 31 2.5 35.50 4.00 $5.50—$6.50/b on substantial volumes Non OPEC producers Norway Ekofisk 42 0.1 40.00 3.00 None United Kingdom Forties 36 0.3 39.25 3.00 None Mexico Isthmus 34 1.5 38.50 4.00 None Egypt Suez Bl 33 1.4 40.50 4.50 None * Not official sales price: latest auction price. † Increase effective 1 November 1980. ‡ Price for loading at Mediterranean pipeline terminal.