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What were 1980's oil prices?

Updated: 9/11/2023
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16y ago

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you can check Bloomberg for answers. What kind of oil do you mean?

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16y ago
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Q: What were 1980's oil prices?
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What were the crude oil prices in the 1980s?

Here are the average per-barrel prices for crude oil in the 1980s:1980: $21.591981: $31.771982: $28.521983: $26.191984: $25.881985: $24.091986: $12.511987: $15.401988: $12.581989: $15.86


Why did OPEC not raise prices during the 1980s and what is OPEC attempting to accomplish now?

To help stablize oil prices.


The drop in oil prices in the 1980s probally help conviced Mexico to?

Diversify its exports


Which word best describe the economy of the oil-producing state after the sharp decline of oil prices in the 1980s?

butt cheeks


Which word best describes the economy of the oil-producing states after the sharp decline of oil prices in the 1980s?

butt cheeks


The drop in oil prices in the 1980s probably helped to convince Venezuela to?

Why are you asking?! The answer is increase the use of hydroletricity


Why did oil prices cause economic troubles in nigeria on the 1980s?

Because of things that were going on with the country like the government things.


What were the gasoline prices from the 1980s in the United States of America?

they were u


What was the price of crude oil in the 1980s?

In 1977, the average price for a barrel of crude oil was $14.40 (about $60.00 in today's dollars).


Why did a drop in oil prices cause economic troubles in Nigeria in the 1980s?

Nigeria began to experience economic troubles during the 1980s. As a result of falling world oil prices, Nigeria's income dropped. At the same time, many people left their farms in search of better-paying jobs in the cities. In addition, a few years of low rainfall meant smaller harvests, so food production fell. Nigeria-which had once exported food-had to import food to feed its people.


Where can you get MOPS oil prices?

The MOPS oil prices can be found on the Platts website. It has current prices for oil, natural gas, and coal. The prices change on a regular basis and are constantly updated.


What is the product of oil?

In the 1980s, Iran's oil production was 3 million barrels per day, approx.