Oil-and-Gas bakri

OIL: CRUDE OIL PRICES 1861 – 2014

Below you will find a complete history of the oil prices over the past 150 years. Listed are the unadjusted original prices as well as the prices adjusted for inflation to 2014. Products tracked: 1861-1944 US Average. 1945-1983 Arabian Light posted at Ras Tanura. 1984-2014 Brent dated.e
$ Adjusted

Year $ Unadjusted Price $ Adjusted for Inflation (2014)
1861 0.49 12.86
1862 1.05 24.80
1863 3.15 60.32
1864 8.06 121.50
1865 6.59 101.50
1866 3.74 60.22
1867 2.41 40.66
1868 3.63 64.30
1869 3.64 64.48
1870 3.86 71.97
1871 4.34 85.42
1872 3.64 71.64
1873 1.83 36.02
1874 1.17 24.38
1875 1.35 28.98
1876 2.56 56.68
1877 2.42 53.58
1878 1.19 29.07
1879 0.86 21.76
1880 0.95 23.21
1881 0.86 21.01
1882 0.78 19.06
1883 1.00 25.30
1884 0.84 22.04
1885 0.88 23.09
1886 0.71 18.63
1887 0.67 17.58
1888 0.88 23.09
1889 0.94 24.67
1890 0.87 22.83
1891 0.67 17.58
1892 0.56 14.70
1893 0.64 16.79
1894 0.84 22.89
1895 1.36 38.54
1896 1.18 33.44
1897 0.79 22.39
1898 0.91 25.79
1899 1.29 36.56
1900 1.19 33.73
1901 0.96 27.21
1902 0.80 21.80
1903 0.94 24.67
1904 0.86 22.57
1905 0.62 16.27
1906 0.73 19.16
1907 0.72 18.22
1908 0.72 18.89
1909 0.70 18.37
1910 0.61 15.44
1911 0.61 15.44
1912 0.74 18.08
1913 0.95 22.66
1914 0.81 19.06
1915 0.64 14.91
1916 1.10 23.83
1917 1.56 28.78
1918 1.98 31.10
1919 2.01 27.50
1920 3.07 36.26
1921 1.73 22.87
1922 1.61 22.72
1923 1.34 18.58
1924 1.43 19.79
1925 1.68 22.67
1926 1.88 25.13
1927 1.30 17.71
1928 1.17 16.16
1929 1.27 17.54
1930 1.19 16.86
1931 0.65 10.10
1932 0.87 15.07
1933 0.67 12.23
1934 1.00 17.67
1935 0.97 16.72
1936 1.09 18.61
1937 1.18 19.45
1938 1.13 18.97
1939 1.02 17.37
1940 1.02 17.21
1941 1.14 18.32
1942 1.19 17.27
1943 1.20 16.42
1944 1.21 16.27
1945 1.05 13.80
1946 1.12 13.56
1947 1.90 20.12
1948 1.99 19.56
1949 1.78 17.67
1950 1.71 16.80
1951 1.71 15.57
1952 1.71 15.24
1953 1.93 17.07
1954 1.93 16.98
1955 1.93 17.05
1956 1.93 16.80
1957 1.90 15.96
1958 2.08 17.02
1959 2.08 16.87
1960 1.90 15.17
1961 1.80 14.23
1962 1.80 14.08
1963 1.80 13.91
1964 1.80 13.72
1965 1.80 13.49
1966 1.80 13.12
1967 1.80 12.75
1968 1.80 12.24
1969 1.80 11.62
1970 1.80 10.97
1971 2.24 13.08
1972 2.48 14.04
1973 3.29 17.53
1974 11.58 55.62
1975 11.53 50.74
1976 12.80 53.24
1977 13.92 54.34
1978 14.02 50.91
1979 31.61 103.07
1980 36.83 105.81
1981 35.93 93.57
1982 32.97 80.88
1983 29.55 70.24
1984 28.78 65.58
1985 27.56 60.64
1986 14.43 31.17
1987 18.44 38.42
1988 14.92 29.86
1989 18.23 34.80
1990 23.73 42.97
1991 20.00 34.77
1992 19.32 32.60
1993 16.97 27.80
1994 15.82 25.27
1995 17.02 26.43
1996 20.67 31.19
1997 19.09 28.16
1998 12.72 18.47
1999 17.97 25.54
2000 28.50 39.17
2001 24.44 32.68
2002 25.02 32.93
2003 28.83 37.09
2004 38.27 47.96
2005 54.52 66.09
2006 65.14 76.50
2007 72.39 82.65
2008 97.26 106.94
2009 61.67 68.05
2010 79.50 86.31
2011 111.26 117.09
2012 111.67 115.14
2013 108.66 110.42
2014 98.95 98.95
Oil and Gas

Top 10 Oil & Gas Companies: Kuwait Petroleum Corp

The last company on the list is the Kuwait Petroleum Corporation (KPC), the state-owned company responsible for Kuwait’s hydrocarbon interests throughout the world.

The Kuwait Oil Company was originally formed by the Anglo-Persian Oil Company (now known as BP) and the Gulf Oil Corporation (now known as Chevron Oil).

In 1975 the Kuwaiti oil industry was nationalised and an agreement was signed by the State of Kuwait and British Petroleum and Gulf giving Kuwait complete control of its oil resources.

This led to the formation of the Kuwait Petroleum Corporation in 1980 as an umbrella organisation to manage the country’s diversified oil interests.

The company is made up of the following subsidiaries: Kuwait Oil Company (KOC), Kuwait National Petroleum Company (KNPC), Petrochemicals Industries Company (PIC), Kuwait Oil Tanker Company (KOTC), Kuwait Aviation Fueling Company (KAFCO), Kuwait Foreign Petroleum Exploration Company (KUFPEC), Kuwait Petroleum International Limited (KPI – Q8), Santa Fe International Corporation (SFIC), Kuwait Gulf Oil Company (KGOC), Oil Sector Services Company and K-Dow Petrochemicals.

Kuwait Petroleum Corp may be more recognisable regionally by its well known brand Q8.

Barrels Per Day 3.2 million
Founded 1980
Headquarters Al Shuwaikh, Al Asimah
State Owned? Yes
CEO Hani Abdulaziz Hussain, Chairman
Employees 15,825
Website //www.kpc.com.kw