1. Raw materials

OPEC Reference Basket (ORB) US Dollars per Barrel

Subscribe to our free email alert service

OPEC basket price on March31th 2004

The average oil price for OPEC crude oils in March was $32.23 per barrel while the price was $29.63 per barrel in February of 2004. Over last twelve months the price has raisen 9.48%.

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
83.300.42%10.74%6.20%05/16/2024
OPEC Basket Price ORB: Daily
DatePrice $
2004-03-31$31.49
2004-03-30$31.70
2004-03-29$31.13
2004-03-26$31.57
2004-03-25$31.93
2004-03-24$32.85
2004-03-23$32.83
2004-03-22$32.46
2004-03-19$33.01
2004-03-18$33.03
2004-03-17$32.95
2004-03-16$32.59
2004-03-15$32.30
2004-03-12$31.94
2004-03-11$31.95
2004-03-10$31.67
2004-03-09$32.30
2004-03-08$32.59
2004-03-05$32.75
2004-03-04$32.05
2004-03-03$31.82
2004-03-02$32.48
2004-03-01$31.82
< 2004-03 2004-04 >
OPEC Basket Price ORB 2004
DatePrice $Price €
March 2004$32.23€26.28
February 2004$29.63€23.43
January 2004$30.26€23.99
December 2003$29.57€24.07
November 2003$28.48€24.34
October 2003$28.35€24.25
September 2003$26.15€23.30
August 2003$28.69€25.76
July 2003$27.50€24.18
June 2003$26.78€22.96
May 2003$25.63€22.13
April 2003$25.24€23.27
< 2003 2005 >
OPEC Basket Price ORB evolution 2004