1. Raw materials

OPEC Reference Basket (ORB) US Dollars per Barrel

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OPEC basket price on October31th 2019

In October of 2019, the average price of the OPEC basket was $59.87 per barrel, while the price was $62.36 dollars per barrel in September of 2019. Over last twelve months the price has fallen 24.77%.

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
84.29-0.01%10.04%7.46%05/10/2024
OPEC Basket Price ORB: Daily
DatePrice $
2019-10-31$60.52
2019-10-30$61.24
2019-10-29$61.44
2019-10-28$61.65
2019-10-25$62.16
2019-10-24$61.63
2019-10-23$60.42
2019-10-22$59.78
2019-10-21$59.50
2019-10-18$60.06
2019-10-17$59.54
2019-10-16$59.28
2019-10-15$59.62
2019-10-14$59.95
2019-10-11$60.97
2019-10-10$58.74
2019-10-09$58.68
2019-10-08$58.56
2019-10-07$59.12
2019-10-04$58.62
2019-10-03$57.99
2019-10-02$58.75
2019-10-01$59.68
< 2019-10 2019-11 >
OPEC Basket Price ORB 2019
DatePrice $Price €
October 2019$59.87€54.17
September 2019$62.36€56.67
August 2019$59.69€53.65
July 2019$64.71€57.68
June 2019$62.92€55.72
May 2019$69.97€62.56
April 2019$70.73€62.94
March 2019$66.37€58.72
February 2019$63.82€56.22
January 2019$58.74€51.45
December 2018$56.94€50.02
November 2018$65.33€57.47
< 2018 2020 >
OPEC Basket Price ORB evolution 2019