1. Raw materials

OPEC Reference Basket (ORB) US Dollars per Barrel

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OPEC basket price on February28th 2020

The average oil price for OPEC crude oils in February was $55.49 per barrel while the price was $65.11 per barrel in January of 2020. Over last twelve months the price has fallen 13.05%.

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
87.35-2.55%2.15%11.36%04/18/2024
OPEC Basket Price ORB: Daily
DatePrice $
2020-02-28$50.19
2020-02-27$51.92
2020-02-26$54.04
2020-02-25$55.91
2020-02-24$56.14
2020-02-21$58.21
2020-02-20$58.98
2020-02-19$58.39
2020-02-18$56.72
2020-02-17$57.28
2020-02-14$56.77
2020-02-13$55.90
2020-02-12$55.59
2020-02-11$54.20
2020-02-10$54.21
2020-02-07$55.13
2020-02-06$55.74
2020-02-05$55.01
2020-02-04$54.68
2020-02-03$55.53
2020-01-31$58.94
2020-01-30$58.80
2020-01-29$61.04
< 2020-01 2020-03 >
OPEC Basket Price ORB 2020
DatePrice $Price €
February 2020$55.49€50.88
January 2020$65.11€58.66
December 2019$66.48€59.82
November 2019$62.94€56.95
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
< 2019 2021 >
OPEC Basket Price ORB evolution 2020