I don't know if this will help the PDVSA and/or Venezuela group
or not, but thought I would put it out for y'all.
RHM
TABLE-Venezuelan oil basket rises to $27.07/barrel
Reuters, 09.27.02, 12:27 PM ET
CARACAS, Venezuela, Sept 27 (Reuters) - The Ministry of
Energy and Mines Friday released the following prices for
Venezuela's basket of crude oil and refined products and the
OPEC export basket.
(Prices in dollars per barrel; parentheses denote a fall):
Period Venezuela Change from OPEC Change from
basket prev period basket prev period
Sep 23-27* 27.07 1.03 28.69 1.09
Sep 16-20* 26.04 0.11 27.60 0.00
Sep 9-13* 25.93 1.07 27.60 1.10
Sep 2-6* 24.86 (0.30) 26.50 (0.20)
---------------------------------------------------------------
Sep average* 25.97 1.67 27.60 1.74
Aug average* 24.30 1.46 25.86 0.91
Jul average* 22.84 0.37 24.95 1.35
Jun average* 22.47 0.32 23.60 (1.23)
---------------------------------------------------------------
2002 average* 21.53 1.32 23.49 0.37
2001 average* 20.21 (5.70) 23.12 (4.43)
2000 average* 25.91 9.87 27.55 10.08
1999 average* 16.04 5.47 17.47 5.14
* subject to revision
The Venezuelan oil basket represents a combination of crude
oil and refined product exports sold at market differentials to
world benchmark prices.
World benchmark crude oil and refined product prices are
determined by futures contracts listed on the New York
Mercantile Exchange (NYMEX) and London's International
Petroleum Exchange (IPE).
IPE and NYMEX prices are available by double-clicking on
<OILOIL> and the latest market reports can be seen by
double-clicking on [O/L] and [O/N].
The government has based its 2002 budget on a price of $19
per barrel compared with a budget price of $20 in 2001.
Copyright 2002, Reuters News
Service