Landed cost of U.S. crude oil imports from Nigeria 2013

The statistic represents the average landed cost of US crude oil imports from Nigeria between 1975 and 2012. In 2000, this figure stood at 30.04 US dollars** per barrel. Landed costs do not include supplemental fees.

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

Characteristic	Cost in nominal U.S. dollars per barrel**
2011	116.41
2010	83.15
2009	68.01
2008	104.83
2007	78.01
2006	68.26
2005	57.55
2004	40.95
2003	31.07
2002	26.45
2001	26.55
2000	30.04
1995	18.25
1990	23.33
1985	28.96
1980	37.15
1975	12.7

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Release date

2013

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Region

Nigeria, United States

Survey time period

1975 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.

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