View History:    Monthly     Annual   
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U.S. FOB Costs of Nigeria Crude Oil (Dollars per Barrel)
U.S. FOB Costs of Nigeria Crude Oil (Dollars per Barrel)
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
  1973 6.00 7.84 9.59
  1974 12.66 13.12 13.57 13.27 13.08 13.12 12.05 12.13 11.62 11.78 11.72 11.74
  1975 11.57 11.68 11.57 11.53 11.52 11.55 11.48 11.49 11.51 12.33 12.58 12.66
  1976 12.83 12.75 13.00 12.99 13.00 12.99 13.09 13.13 13.07 13.26 13.25 13.34
  1977 14.10 14.24 14.33 14.52 14.59 14.57 14.55 14.56 14.52 14.48 14.50 14.43
  1978 14.20 14.18 14.13 13.91 13.95 13.89 13.92 13.88 13.96 14.08 14.12 14.26
  1979 14.97 15.09 15.17 18.31 19.79 22.06 24.45 25.36 25.70 25.40 27.52 29.78
  1980 31.67 34.20 35.25 36.03 36.90 36.89 37.69 36.81 36.47 36.69 37.13 36.92
  1981 39.88 39.95 39.71 39.60 39.27 38.71 39.09 37.99 35.97 35.49 36.44 36.42
  1982 36.01 36.06 35.41 33.81 35.11 34.94 35.10 34.96 34.66 35.14 35.03 33.18
  1983 W 31.07 29.57 29.63 29.72 29.58 29.88 30.04 29.59 30.23 30.03 29.61
  1984 29.71 30.35 29.81 30.18 29.96 29.84 W 29.02 29.24 28.31 28.32 27.86
  1985 27.22 27.41 28.20 27.95 27.81 27.09 27.86 27.83 27.97 28.30 28.67 29.19
  1986 26.17 19.83 15.78 14.54 13.58 12.31 10.99 11.44 13.43 13.86 13.88 15.04
  1987 17.38 18.07 17.72 18.44 18.68 18.75 18.93 19.58 18.58 18.69 18.49 17.61
  1988 17.04 15.80 15.72 16.10 16.06 15.60 15.14 14.93 13.71 13.66 13.74 15.56
  1989 16.11 17.15 18.37 19.81 18.60 17.68 17.67 17.25 18.00 18.99 19.11 19.93
  1990 21.22 20.41 18.41 16.79 16.50 15.58 17.12 25.65 32.74 37.31 33.56 29.38
  1991 24.68 20.48 19.44 19.12 19.35 18.38 19.44 20.20 21.10 22.55 21.63 18.99
  1992 18.58 18.28 18.10 19.59 20.47 21.42 20.83 20.33 20.84 20.76 20.00 18.42
  1993 17.95 19.06 19.33 19.21 18.90 18.00 17.46 17.42 16.73 17.02 15.80 14.21
  1994 15.02 14.00 14.27 15.65 16.77 17.32 18.02 16.69 16.35 17.01 17.13 16.18
  1995 17.13 17.43 17.19 18.96 18.66 17.66 15.97 16.48 16.91 16.54 17.28 18.37
  1996 18.63 18.53 20.44 21.49 20.13 19.25 19.90 21.13 22.80 24.71 24.43 24.39
  1997 23.45 21.53 19.02 17.97 18.99 18.22 19.12 18.98 19.35 20.03 19.11 17.39
  1998 15.21 13.77 13.56 13.86 14.13 11.57 11.77 12.23 13.92 12.58 10.64 10.29
  1999 10.78 10.50 13.67 16.12 15.46 16.50 18.81 20.69 22.68 22.19 W W
  2000 W 29.07 26.09 24.34 28.85 30.04 28.93 31.06 30.54 30.71 31.92 25.45
  2001 26.46 26.82 24.70 W 28.74 27.63 24.98 25.78 24.60 20.14 19.02 19.08
  2002 19.63 20.73 24.39 25.66 W 24.39 26.01 27.28 28.56 27.28 24.93 29.98
  2003 31.76 33.64 30.82 25.27 27.03 27.79 29.14 30.08 27.28 30.02 29.78 30.60
  2004 31.19 32.03 33.79 34.28 38.11 35.63 39.80 43.18 44.82 49.15 43.14 40.22
  2005 44.43 48.24 53.76 51.72 49.59 55.81 59.03 65.78 63.73 60.89 56.11 59.33
  2006 63.73 60.20 64.05 71.85 70.83 69.96 75.63 72.67 62.74 58.62 61.20 62.24
  2007 56.03 58.32 64.88 69.72 71.40 75.55 79.08 74.08 80.10 88.88 94.71 96.18
  2008 93.59 98.72 107.04 114.87 127.35 140.01 134.58 117.21 95.68 67.28 51.45 44.02
  2009 46.26 45.02 50.34 54.00 59.02 69.00 69.73 72.37 69.65 76.01 77.58 76.06
  2010 75.91 76.07 81.27 85.94 74.28 75.61 79.63 75.70 80.93 84.59 86.61 93.68
  2011 99.86 109.07 117.98 126.05 117.66 119.13 119.68 115.61 115.43 114.46 115.35 W
  2012 114.12 124.31 128.10 W 110.79 98.96 103.86 114.62 111.74 W W
  2013 W W 111.03 W 106.45 W W 111.28 W W
  2014 W W
  2015 W W
  2016 W 37.83 W W W 48.79 W W W W W W
  2017 W W W W W 48.88 50.26 52.18 W 58.58 W W
  2018 W W W W W W W W W W W
  2019 W W W W 70.81 W W W W W W
  2020 W W W W W W W W W W W
  2021 W W W W 72.66 W W W W W
  2022 W W W W W W W W W W W W
  2023 W W W W W W W W W W W W


- = No Data Reported;  -- = Not Applicable;  NA = Not Available;  W = Withheld to avoid disclosure of individual company data.
Release Date: 3/1/2024
Next Release Date: 4/1/2024

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