Published on CIA FOIA (foia.cia.gov) (https://www.cia.gov/readingroom)


ECONOMIC & ENERGY INDICATORS

Document Type: 
CREST [1]
Collection: 
General CIA Records [2]
Document Number (FOIA) /ESDN (CREST): 
CIA-RDP97-00770R000100620001-4
Release Decision: 
RIFPUB
Original Classification: 
K
Document Page Count: 
15
Document Creation Date: 
December 22, 2016
Document Release Date: 
September 16, 2011
Sequence Number: 
1
Case Number: 
Publication Date: 
October 24, 1986
Content Type: 
REPORT
File: 
AttachmentSize
PDF icon CIA-RDP97-00770R000100620001-4.pdf [3]475.07 KB
Body: 
Approved For Release 2011/09/16: CIA-RDP97-0077OR000100620001-4 Directorate of Intelligence Economic & Energy Indicators DI EEI 86-022 24 October 1986 Approved For Release 2011/09/16: CIA-RDP97-0077OR000100620001-4 Approved For Release 2011/09/16: CIA-RDP97-0077OR000100620001-4 This publication is prepared for the use of US Government officials, and the format, coverage, and content are designed to meet their specific requirements. US Government officials may obtain additional copies of this document directly or through liaison channels from the Central Intelligence Agency. 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Approved For Release 2011/09/16: CIA-RDP97-0077OR000100620001-4 Approved For Release 2011/09/16: CIA-RDP97-0077OR000100620001-4 Economic & Energy Indicators Industrial Production Gross National Product Consumer Prices Money Supply Unemployment Rate Foreign Trade Current Account Balance Export Prices in US $ Import Prices in US $ Exchange Rate Trends Money Market Rates Agricultural Prices Industrial Materials Prices World Crude Oil Production, Excluding Natural Gas Liquids 8 Big Seven: Inland Oil Consumption 9 Big Seven: Crude Oil Imports 9 Crude Oil Prices 10 Approved For Release 2011/09/16: CIA-RDP97-0077OR000100620001-4 Approved For Release 2011/09/16: CIA-RDP97-0077OR000100620001-4 Gross National Product a Percent change from previous period seasonally adjusted at an annual rate 1981 1982 1983 1984 1985 Year 3d Qtr 4th Qtr I st Qtr -2.1 3.6 6.4 2.7 4 1 2 1 3 8 1 3.1 3.3 - 5.0 4.5 . 2 7 . 5 8 . West Germany -0.2 -1.0 1.8 3.0 2 5 . 6 9 . -2 7 4 2 France 0.7 1.5 _ _- 1.4 . 3.6 . 2.3 - . 0 United Kingdom -1.4 1.9 3.4 2.8 3.6 -0 4 0 7 4 4 0.2 -0.5 -0.2 2.8 ------- 2.3 . 1 0 . 2 3 . 0 -4.4 3.1 5.5 4.0 . 3.1 . 7.3 - .4 2 1 1981 1982 1983 1984 United States 10.3 6.2 3.2 4.3 6.0 5.3 3.3 2.4 3 12.0 9.5 7.7 11.9 8.6 4.6 5.0 19.3 16.4 14.9 10.6 12.5 10.8 5.8 4.3 Percent change from previous period seasonally adjusted at an annual rate 1981 1982 1983 1984 1985 1986 1st Qtr 2d Qtr J l 2.6 -7.2 5.9 11.2 2.0 1.2 -2 1 u 7 0 Aug - - 4.6 . u-0 9 . . 1 9 1.9 25 0 -2.3 -3.2 0.3 3.3 3.9 -0.1 11.3 . -23 9 . . -3.9 2.1 3.9 1.3 4.8 2.7 1 3 28 9 -1.6 -3.1 -3.2 _ 3.3 1.2 . 11.7 6 1 . 28 6 6.8 0.5 -10.0 5.3 8.8 4.3 . -0.9 - . -16.8 2d Qtr 0 . 6 3.6 14.3 4 . 0 0.7 0.7 3 . 1 Percent change from previous period seasonally adjusted at an annual rate 1985 1986 1st Qtr 2d Qtr 3d Qtr Sep -- -- -- -- ---- 3.5 1.4 -1.7 0.4 1.0 -1.9 7.4 --------------------------- 2.2 -0.9 -1.1 -0.4 1.5 - 5.8 0.9 1.6 2.6 3.4 6.1 4.2 0.6 2.5 9.0 -------------- - __ 8.6 6.2 5.0 5.3 .2 ----------- 4.0 4.7 3.0 Approved For Release 2011/09/16: CIA-RDP97-0077OR000100620001-4 Approved For Release 2011/09/16: CIA-RDP97-0077OR000100620001-4 Money Supply, M-1 a Percent change from previous period seasonally adjusted at an annual rate 1981 1982 1983 1984 1985 1986 1st Qtr 2d Qtr Jul Aug Sep d States b it U 9.1 7.9 .16.8 18.1 22.9 10.0 e n J 5.0 7.7 9.4 6.7 21.2 apan t Germany W 4.4 9.8 11.3 -0.4 14.5 es F 8.7 20.4 1.4 4.3 rance dom NA NA 13.0 d Kin it U 14.7 16.7 9.2 33.1 13.9 27.3 22.8 g n e 11.2 11.6 15.1 l I 12.3 13.7 8.3 2.4 y ta 10.2 3.3 4.1 -1.6 -1.8 27.9 -7.7 37.3 Based on amounts in national currency units. b Including Ml-A and MI-B. Unemployment Rate a 1981 1982 1983 1984 1985 1986 1st Qtr 2d Qtr 3d Qtr Aug Sep d States it U 7.1 7.0 7.1 6.8 6.7 6.9 e n 2.2 2.4 2.7 2.7 2.6 2.6 2.8 Japan _ man G W 9.3 9.1 9.0 8.9 y er est F 10.0 9.8 10.1 10.3 10.3 10.3 rance_ dom d Kin i g te Un 8.4 9.1 9.9 10.4 10.7 11.5 11.3 n ., Prior to May 1986, unemployment rates for France were estimated. Approved For Release 2011/09/16: CIA-RDP97-0077OR000100620001-4 Approved For Release 2011/09/16: CIA-RDP97-0077OR000100620001-4 Foreign Trade 1981 1982 1983 1984 1985 1986 1st Qtr 2d Qtr Jun Jul Au United States b Exports 233.5 Imports 261.0 Balance -27.5 212.3 244.0 -31.6 200.6 258.4 -57.8 218.0 326.2 -108.2 213.2 346.1 -132.9 53.0 91.8 -38.8 53.2 88.4 -35.2 18.4 30.1 -11.7 18.5 33.8 -15 3 g 18.7 30.6 -11 9 Japan Exports 149.6 Imports 129.5 Balance 20.1 138.2 119.6 18.6 145.4 114.1 31.4 168.1 124.1 43.9 173.9 118.0 55.9 47.8 29.8 17.9 51.3 29.0 22.3 17.0 10.2 6.8 . 17.7 9.7 8.0 . 17.8 9.0 8 8 West Germany Exports 175.4 Imports c 163.4 Balance 11.9 176.4 155.3 21.1 169.5 152.9 16.6 171.9 153.1 18.8 184.2 158.9 25.3 55.3 45.1 10.1 60.8 47.6 13.2 21.2 15.9 5.3 20.8 15.7 5 2 . 19.9 14.9 5 0 France Exports 106.3 Imports 115.6 Balance -9.3 96.4 110.5 -14.0 95.1 101.0 -5.9 97.5 100.3 -2.8 101.9 104.5 -2.6 30.4 30.3 0.1 29.8 30.9 -1.1 10.1 10.3 -0.2 . 10.8 10.6 0 2 . 10.7 10.2 0 5 United Kingdom Exports 102.5 Imports 94.6 Balance 7.9 97.1 93.1 4.0 92.0 93.3 -1.3 93.7 99.4 -5.7 100.9 103.5 -2.6 26.2 28.4 -2.1 26.8 29.2 -2.4 8.8 9.7 -0.9 . 9.0 9.9 -0 9 . 8.1 10.3 -2 2 Italy Exports 75.4 Imports 91.2 Balance -15.9 73.9 86.7 -12.8 72.8 80.7 -7.9 73.5 84.4 -10.9 78.8 90.8 -11.9 23.3 26.1 -2.8 24.3 24.2 0.2 8.1 8.1 0.1 . 8.5 9.1 -0 6 . 8.0 6.3 1 7 Canada Exports 70.5 Imports 64.4 Balance 6.1 68.5 54.1 14.4 73.7 59.3 14.4 86.5 70.6 15.9 88.0 75.7 12.3 21.9 20.3 1.6 21.3 19.2 2.1 6.7 6.4 0.3 . 7.0 7.2 -0.2 . a Seasonally adjusted . b Imports are customs values. Imports are c.i.f. Current Account Balance a 1981 1982 1983 1984 1985 1986 Ist Qtr 2d Qtr Jun Jul A -106.5 -117.7 -34.0 -34.7 ug Japan 4.8 6.9 20.8 35.0 49.2 12.7 23.1 7.7 8 0 7 1 West Germany -6.8 3.3 4.3 6.7 13.8 6.9 8.3 1.9 . 2 7 . 4 2 F rance . 0 1 3 - . 2.4 2.6 -0.4 -2.0 -1.3 Seasonally adjusted; converted to US dollars at current market rates of exchange. Approved For Release 2011/09/16: CIA-RDP97-0077OR000100620001-4 Approved For Release 2011/09/16: CIA-RDP97-0077OR000100620001-4 Export Prices in US $ Percent change from previous period at an annual rate 1.0 Japan 6-4 5 5 -2.4 0.2 -0.6 West Germany -- --- - -14.9 -2.8 -3.2 -7.1 0 France -12.0 -5.5 -4.8 -2.9 2.5 United Kingdom 2.3 Italy -7.8 -3.0 Canada Import Prices in US $ Percent change from previous period at an annual rate United States .Iapan West Germany France United Kingdom 1981 1982 1983 1984 1985 1986 5.3 - 2.0 -3.7 3.6 -7.4 -5.0 -8.6 -4.7 -5.2 _4.8 -1.5 -7.8 2 -7 -7.0 NA _ NA - -5.7 -4.5 0.5 Approved For Release 2011/09/16: CIA-RDP97-0077OR000100620001-4 Approved For Release 2011/09/16: CIA-RDP97-0077OR000100620001-4 Exchange Rate Trends Percent change from previous period at an annual rate 1981 1982 1983 1984 1985 United States 1st Qtr 2d Qtr Jun Jul Aug Sep 10.5 10.6 S R 0 1 W t G 6.2 6.8 26.8 42.4 18.4 113 6 es ermany -2.1 7.0 5.8 8.5 6.0 6.5 . 17.0 2.7 5.8 -10.4 7.4 22 Italy -9 2 --- -- 21.5 C d . -5.1 -1.6 -3.1 -3.8 5.5 5.2 11 7 15 1 ana a Dollar Cost of Foreign Currency 0.3 02 2 3 2.3 3.6 13.1 1.7 . - 7.6 . 2.9 Japan 2.7 -12.9 4.6 0 0 3 3 - - ------ - West Germany 24 6 -7 2 . 2.2 33.5 2.2 48.3 -- -- 27.5 4.2 France . -28 7 . 20 -5.2 1 I. 5 3.3 31.3 17.1 -1.0 35.5 40.0 10.1 United Kingdom . -13 2 - .8 1 -15.9 -14.7 -2.7 29.7 4.4 -2.8 - 27.7 28.1 9.1 Italy . -32.8 - 3.4 -18.8 -13.3 -12 3 -11.9 -15 6 -3.0 1.7 20.8 - -7.7 - -2.0 -1 .7 16.7 -2 8 6 30 1 14.5 -2.0 35.2 - 37.9 8 0 -2.5 -2.9 0.1 -5.1 -5.4 6.9 5.7 -13.1 6.8 . -0.9 -3.9 Money Market Rates 1981 1982 1983 1984 1985 1986 Unit d S 1st Qtr 2d Qtr 3d Qtr A e tates 16.24 12.49 9 23 10 56 _ ug Sep 90-day certificates of . . 8.16 7.68 6.75 6.09 5 99 5 83 deposit, secondary market . . Japan 7.79 7 23 N ------ loans and discounts . A 6.66 6.52 6.38 5.98 NA NA-- -_, NA (2 months) West Germany interbank loans (3 months) France interbank money market (3 months) United Kingdom sterling interbank loans (3 months) Italy Milan interbank loans (3 months) Canada finance paper (3 months) 12.19 15.47 13.85 20.13 18.46 8.82 14.68 12.24 20.15 14.48 5.78 12.51 10.12 18.16 9.53 5.96 11.74 9.91 15.91 11.3 5.40 9.97 12.21 14.95 99.71 4.51 4.52 8.96 7.37 12.26 10.12 16.00 12.74 11.08 9.03 1 4.49 7.13 990 1.49- NA 4.53 4.37 7.14 7.06 9.87 9.95 11.34 11.18 8.57 vn Eurodollars 16.87 13.25 9 69 10 86 - - 3-month deposits . . 8.41 7.91 6.99 6 .31 31 6.23 6.05 Approved For Release 2011/09/16: CIA-RDP97-0077OR000100620001-4 Approved For Release 2011/09/16: CIA-RDP97-0077OR000100620001-4 Agricultural Prices 1981 1982 1983 1984 1985 1986 1st Qtr 2d Qtr 3d Qtr Aug Sep 214.0 217.0 232.0 243.0 110.3 109.8 108.5 NA 106.9 NA Bananas Fresh imported, (Total world, $ per metric ton) Beef (? per pound) Australia 112.4 107.4 111.1 101.0 96.6 97.6 (Boneless beef, 481 514 S 14 484 453 352 294 299 29 362 339 310 249 236 224 235 242 232 f.o.b. US Ports) United States 100.0 101.4 97.6 100.9 90.7 87.8 84.4 89.7 89.9 89? (Wholesale steer beef, mid-west markets) 89.1 101.3 Cocoa (0 per pound) 89.8 74.3 92 1 106 2 98.7 95 7 82.6 92.7 1.81 Corn 44 1.43 2.01 1.73 1' 87 82 l.54 Coffee ($ per pound) 1.28 1.40 -1.32--- 150 123 148 150 125 116 116 89 (US #3 yellow, c.i.f. Rotterdam, $ per metric ton) 40.53 Cotton 72.69 74.48 85.71 63.91 57.87 53.60 45.51 37.97 37.03 (World Cotton Prices, "A" index, c.i.f. Osaka, US c/lb.) 289 241 205 197 1 ------------------ 01 02 730 5 Palm Oil 571 (United Kingdom 5% bulk, per metric ton) Rice ($ per metric ton) US (No. 2, milled, 632 4% c.i.f. Rotterdam) Thai SWR 573 (100% grade B c.i.f. Rotterdam) Soybeans (US #2 yellow, c.i.f. Rotterdam, $ per metric ton) Soybean Oil 507 (Dutch, f.o.b. ex-mill, $ per metric ton) Soybean Meal 252 (US, c.i.f. Rotterdam $ per metric ton) Sugar 16.93 (World raw cane, f.o.b. ____ Caribbean Ports, spot prices 0 per pound) 4 85 . 86 . 0 - ----------- T91.0 89.9 105.2 156.6 90. Tea c.i.f. Rotterdam, S per metric ton)_ Food Index I (1980 =100) 88 78 86 92 81 95 94 82 81 82 The food index is compiled by The Economist for 14 food commodities which enter international trade. Commodities are weighted by 3- year moving averages of imports into industrialized countries. Average Auction (London) (? per pound) - Wheat 210 187 183 182 169 172 158 12 (US #2. DNS -- 282 283 225 218 213 447 527 727 571 407 348 291 271 265 219 238 197 157 188 184 187 185 194 8.42 8.49 5.18 4.04 5.83 7.45 5.25 5.50 4.67 _ 6 83.8 86.5 85.2 Approved For Release 2011/09/16: CIA-RDP97-0077OR000100620001-4 445 5 Approved For Release 2011/09/16: CIA-RDP97-0077OR000100620001-4 Industrial Materials Prices Ist Qtr 2d Qtr 3d Qtr Au S -- - - g ep 1.0 81.0 81.0 81.0 81 0 . Chrome Ore (South Africa chemical grade, S per metric ton) 53.0 50.9 50.0 50.0 43.9 40.0 40.0 40.0 40.0 40.0 Copper a (bar, o per pound) 79.0 67.1 -- 72.0 62.4 64.5 64.5 64.5 60 3 59 1 61 1 Gold $ per troy ounce) ( P Y ) 4 -- . - . , 60.0 375.5 424.4 360.0 317.2 342 6 341 6 376 2 365 4 L d a . . . . 414.8 ea (g per pound) 32.9 24.7 19.3 20.0 17.7 16.7 17.6 17 7 17 5 18 5 Manganese Ore (48% Mn, $ per long ton) 82.1 79.9 73.3 69.8 68.4 67.2 . 64.8 65.1 . 65.6 . 64.8 Nickel ($ per pound) Cathode major producer 3 5 3 2 - -- - . . 3.2 3.2 3.2 3.2 3.2 3 2 3 2 3 2 LME Cash 2.7 2.2 2.1 2.2 2.2 1.8 . 1.8 1 8 . 1 8 . 1 7 Platinum ($ per troy ounce) . . . -Major producer 475.0 475.0 475.0 475.0 475.0 475.0 475.0 517 0 475 0 600 0 446.0 326.7 422.6 358.2 291.0 383.1 . 420.1 510.8 . 495.7 . 598.8 Rubber (0 per pound) Synthetic b 47.5 45.7 44.0 44.4 44.1 42.8 38.7 NA 34 5 N 49.6 42.0 41.7 40.1 44 1 . 43 5 A 45 1 Silver ($ per troy ounce) 10.5 7.9 1 1.4 8.1 5.9 . 5.2 5 3 . 5 1 . 7 5 Steel Scrap d (S per long ton) 92.0 63.1 73.2 86.4 74.4 74.0 . 71.8 NA . 75 1 . Tin a(? per pound) 641.4 581.6 590.9 556.6 543.2 357.4 250.5 244 9 . 245 5 NA 245 1 Tungsten Ore (contained metal, $ per metric ton) 18,097 13,426 10,177 10,243 10,656 8,673 . . . US Steel (finished steel, composite, $ per long ton) Zinc a (0 per pound) 38.4 33.7 34.7 41.5 35.4 28.5 33.8 37 5 36 5 39 4 Lumber Index (1980 =100) 95 84 114 105 103 100 . 121 113 . 113 . 114 Industrial Materials Index r (1980=100) a Approximates world market price frequently used by major world producers and traders, although only small quantities of these metals are actually traded on the LME. As of February 1986 tin prices from the Penang market. b S-type styrene, US export price. Quoted on New York market. d Average of No. I heavy melting steel scrap and No. 2 bundles delivered to consumers at Pittsburgh, Philadelphia, and Chicago. e This index is compiled by using the average of 10 types of lumber whose prices are regarded as bellwethers of US lumber construction costs. 'The industrial materials index is compiled by The Economist for 18 raw materials which enter international trade. Commodities are weighted by 3-year moving averages of imports into industrialized countries. Approved For Release 2011/09/16: CIA-RDP97-0077OR000100620001-4 Approved For Release 2011/09/16: CIA-RDP97-0077OR000100620001-4 World Crude Oil Production Excluding Natural Gas Liquids 1981 1982 1983 1984 1985 a 1986 a World 55,837 53,092 52,625 53,674 52,931 54,039 Non-Communist countries 41,602 38,810 38,228 39,257 38,692 39,758 Developed countries 12,886 13,276 13,864 14,302 14,730 15,022 United States 8,572 8,658 8,680 8,735 8,933 8,898 8,848 8,808 8,800 Canada 1,285 1,270 1,356 1,411 1,457 1,480 United Kingdom 1,811 2,094 2,299 2,535 2,533 2,711 2,538 2,196 Norway 501 518 614 700 785 856 826 848 Other 717 736 915 921 1,022 1,077 927 915 Non-OPEC LDCs 6,036 6,633 6,823 7,515 7,845 7,556 7,998 7,964 Mexico 2,321 2,746 2,666 2,746 2,733 2,376 2,527 2,547 2,500 Egypt 598 665 689 827 874 758 845 753 Other 3,117 3,222 3,468 3,942 4,238 4,422 4,626 4,664 OPEC 22,680 18,901 17,541 17,440 16,117 17,180 18,000 19,300 20,320 Algeria 803 701 699 638 645 602 600 600 600 Ecuador 211 211 236 253 280 275 300 300 285 Gabon 151 154 157 152 153 160 160 170 170 Indonesia 1,604 1,324 1,385 1,466 1,235 1,223 1,305 1,235 1,250 Iran 1,381 2,282 2,492 2,187 2,258 1,890 2,100 2,200 2,300 Iraq 993 972 922 1,203 1,437 1,732 1,700 1,700 1,900 Kuwait b 947 663 881 912 862 1,169 1,400 1,500 1,600 Libya 1,137 1,183 1,076 1,073 1,069 1,000 1,100 1,200 1,150 Neutral Zone 370 317 390 410 355 276 220 300 340 Nigeria 1,445 1,298 1,241 1,393 1,464 1,417 1,550 1,490 1,600 Qatar 405 328 295 399 302 352 360 430 400 Saudi Arabia b 9,625 6,327 4,867 4,444 3,290 4,256 4,250 5,100 5,600 UAE 1,500 1,248 1,119 1,097 1,146 1,287 1,405 1,505 1,505 Venezuela 2,108 1,893 1,781 1,813 1,621 1,541 1,550 1,570 1,620 Communist countries 14,235 14,282 14,397 14,417 14,239 14,281 USSR 11,800 11,830 11,864 11,728 11,350 11,350 China 2,024 2,042 2,121 2,280 2,496 2,506 2,557 2,557 Other 411 410 412 409 393 425 Preliminary. b Excluding Neutral Zone production, which is shown separately. Production is shared equally between Saudi Arabia and Kuwait. Approved For Release 2011/09/16: CIA-RDP97-0077OR000100620001-4 Approved For Release 2011/09/16: CIA-RDP97-0077OR000100620001-4 Bi S g even: Inland Oil Consumption 1981 1982 1983 1984 1985 1986 -- , ? ,.,ay Juiic Jul Au United States 16,058 15,296 15,184 J 15,708 15,726 15,923 16,056 16,188 15,743 15,852 15,998 16 075 g 16 623 apan 4,444 4,204 4,193 4,349 4,123 4,661 5,002 4,547 3,890 3,564 3 564 , 3 563 , 3 768 West Germany 2,120 2,024 2,009 2,012 2,060 2,096 2,406 2,141 2,640 2,388 , 2 473 , 2 447 , France 1,744 1,632 1,594 1,531 1,498 1,625 2,008 1,525 1,701 1,245 , 1 381 , 1 424 1 382 United Kingdom 1325 1,345 1,290 1,624 1,402 1,286 1,483 1,447 1,427 1,330 , 1 310 , , , Canada 1,617 1,454 1,354 1,348 1,342 1,336 1,348 1,168 1,235 1,297 1 357 1 370 Including bunkers refiner fuel d l , , , y , an osses. Principal products only prior to 1981. Big Seven: Crude Oil Imports 1981 1982 1983 1984 1985 1986 U i Jan Feb Mar Apr May June Jul Au n ted States J 4,406 3,488 3,329 3,426 3,201 3,329 2,993 3,000 3,701 3,872 4 675 4 648 g 4 868 apan W 3,919 3,657 3,567 3,664 3,377 3,126 4,273 3,673 3,469 2,756 , 2 798 , , est Germany 1,591 1,451 1,307 1,335 1,284 1,321 1,258 1,429 1,285 1,340 , 1 265 France 1,804 1,596 1,429 1,395 1,476 1,430 1,420 1,380 1,608 1,235 , 1 454 1 268 United Kingdom 736 565 4S6 ARI c-,l - ... ._ . , , Canada 521 334 247 244 283 353 424 260 185 276 425 Approved For Release 2011/09/16: CIA-RDP97-0077OR000100620001-4 Approved For Release 2011/09/16: CIA-RDP97-0077OR000100620001-4 1980 1981 1982 1983 1984 1985 1986 1st Qtr 2d Qtr 3d Qtr Sep 30.87 34.50 33.63 29.31 28.70 28.14 26.17 22.59 22.33 14.90 OPEC Average (Official Sales Price) ---- World Average Price NA NA NA NA NA 27.16 20.55 13.65 12.77 14.07 F.o.b. prices set by the government for direct sales and, in most cases, for the producing company buy-back oil. Weighted by the volume of production. Approved For Release 2011/09/16: CIA-RDP97-0077OR000100620001-4 Approved For Release 2011/09/16: CIA-RDP97-0077OR000100620001-4 Average Crude Oil Sales Price" US S per barrel 34.50 33.63 30.87 29.31 28.70 27.16 I II III IV I II III 1985 1986 The 1973 price is derived from posted prices, 1974-84 prices are derived from OPEC official sales prices, and beginning in 1985, prices are a measure of average world sales prices. Approved For Release 2011/09/16: CIA-RDP97-0077OR000100620001-4 Approved For Release 2011/09/16: CIA-RDP97-0077OR000100620001-4 I Approved For Release 2011/09/16: CIA-RDP97-0077OR000100620001-4

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