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2009

ASB 2008

OPEC's mission is to coordinate and unify the petroleum policies of Member Countries and ensure the stabilization of oil markets in order to secure an efficient, economic and regular supply of petroleum to consumers, a steady income to producers and a fair return on capital to those investing in the petroleum industry.
OPEC Basket Price
  19/11/2009: $76.77     ($1.10)

The price of OPEC basket of twelve crudes stood at 76.77 dollars a barrel on Thursday 19/11/09, compared with $77.87 the previous day, according to OPEC Secretariat calculations.
Who gets what from oil?
Variations in gasoline prices are not due to differences in crude prices, but to widely varying levels of taxation in the major consuming nations. [...more]