Al-Chalabi, Fadhil J. - In: The Energy Journal Volume 10 (1989) Number 2, pp. 7-13
Oil prices have fluctuated widely over the past few years. Today (4 July 1988) the price of North Sea Brent is less than US $14 per barrel, compared with OPEC's reference price of $18/bbl, which is based on a basket of seven crudes. This means that the price of Brent is nearly $5/bbl lower than...