Group of 7 countries (G7) Compared by Energy > Energy > Production and prices > Oil prices > Crude oil import prices

DEFINITION: Crude oil import prices come from the Crude Oil Import Register. Information is collected according to type of crude and average prices are obtained by dividing value by volume as recorded by customs administrations for each tariff position. Values are recorded at the time of import and include cost, insurance and freight (c.i.f.) but exclude import duties.

The nominal crude oil spot price from 1985 to 2007 is for Dubai and from 1970 to 1984 for Arabian Light. The real price was calculated using the deflator for GDP at market prices and was rebased with base year 1970 = 100.

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#	COUNTRY	AMOUNT	DATE
1	United Kingdom	$73.80 US dollars per barrel, av	2007
2	France	$72.22 US dollars per barrel, av	2007
3	Germany	$71.60 US dollars per barrel, av	2007
4	Italy	$70.20 US dollars per barrel, av	2007
5	Japan	$70.09 US dollars per barrel, av	2007
6	Canada	$70.04 US dollars per barrel, av	2007
7	United States	$66.75 US dollars per barrel, av	2007

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