OPEC Reference Basket (ORB) US Dollars per Barrel

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OPEC basket price on February19th 2024

The average oil price for OPEC crude oils in February was $80.66 per barrel while the price was $80.04 per barrel in January of 2024. Over last twelve months the price has fallen 1.47%.

The OPEC Basket, is a weighted average of prices for petroleum blends produced by OPEC countries members. It is used as an important benchmark for crude oil prices.

OPEC stands for Organization of the Petroleum Exporting Countries, it coordinates the oil policies of its member countries, and consequently to have the influence on the international oil market.

These are the members of the OPEC: Algeria, Angola, Ecuador, Gabon, Iraq, Iran, Qatar, Kuwait, Libya, Nigeria, Saudi Arabia, Venezuela, and the United Arab Emirates.

Related data:

LastCh.%Ann. ch.%YTD%Date
82.890.31%1.42%5.67%02/19/2024
OPEC Basket Price ORB: Daily
DatePrice $
2024-02-19$82.89
2024-02-16$82.63
2024-02-15$81.36
2024-02-14$82.52
2024-02-13$82.41
2024-02-12$81.43
2024-02-09$81.48
2024-02-08$80.15
2024-02-07$78.86
2024-02-06$78.36
2024-02-05$77.47
2024-02-02$78.61
2024-02-01$80.46
2024-01-31$82.99
2024-01-30$82.94
2024-01-29$84.19
2024-01-26$83.00
2024-01-25$81.98
2024-01-24$81.05
2024-01-23$81.30
2024-01-22$79.70
2024-01-19$80.27
2024-01-18$79.39
< 2024-01
OPEC Basket Price ORB 2024
DatePrice $Price €
February 2024$80.66€73.97
January 2024$80.04€73.40
December 2023$79.02€72.48
November 2023$84.92€78.57
October 2023$91.85€86.95
September 2023$94.60€88.54
August 2023$87.33€80.05
July 2023$81.06€73.30
June 2023$75.19€69.36
May 2023$75.81€69.76
April 2023$84.36€76.91
March 2023$78.45€73.28
< 2023
OPEC Basket Price ORB evolution 2024