Crude oil - landed cost of U.S. imports from Venezuela

Published by Statista Research Department, Dec 30, 2013
The statistic represents the average landed cost of US crude oil imports from Venezuela between 1980 and 2012. In 2008, this figure stood at around 90.76 nominal US dollars per barrel. According to the source, nominal US dollars reflect the buying power in the year in which the transaction occurred; not adjusted to remove the effect of changes in the purchasing power of the dollar.

Average landed cost of U.S. crude oil imports from Venezuela between 1975 and 2012* (in nominal U.S. dollars per barrel*)

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Source

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Release date

2013

Region

Iran, United States

Survey time period

1980 to 2012

Supplementary notes

* According to the source, the landed cost of imported crude oil from selected countries does not repre- sent the total cost of all imported crude. However, beginning in April 1975, coverage was expanded to include U.S. company-owned refineries in the Caribbean. Landed costs do not include supplemental fees.
** Nominal U.S. dollars reflect the buying power in the year in which the transaction occurred; not adjusted to remove the effect of changes in the purchasing power of the dollar.

Annual averages are the averages of the monthly prices, weighted by volume. Geographic coverage is the 50 States, the District of Columbia, Puerto Rico, the Virgin Islands, and all U.S. Territories and Possessions.
The abbreviation EIA stands for U.S. Energy Information Administration.

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