OPEC Reference Basket (ORB) US Dollars per Barrel

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OPEC basket price on May29th 2020

The average oil price for OPEC crude oils in May was $24.97 per barrel while the price was $17.64 per barrel in April of 2020. Over last twelve months the price has fallen 64.31%.

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
85.920.57%15.17%9.54%03/26/2024
OPEC Basket Price ORB: Daily
DatePrice $
2020-05-29$29.01
2020-05-28$28.45
2020-05-27$29.03
2020-05-26$29.75
2020-05-22$28.06
2020-05-21$29.70
2020-05-20$28.68
2020-05-19$28.43
2020-05-18$28.21
2020-05-15$26.54
2020-05-14$24.93
2020-05-13$23.25
2020-05-12$22.83
2020-05-11$22.71
2020-05-08$22.21
2020-05-07$22.91
2020-05-06$22.40
2020-05-05$21.43
2020-05-04$18.36
2020-05-01$16.52
2020-04-30$18.05
2020-04-29$14.36
2020-04-28$12.41
< 2020-04 2020-06 >
OPEC Basket Price ORB 2020
DatePrice $Price €
May 2020$24.97€22.90
April 2020$17.64€16.24
March 2020$33.91€30.65
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
< 2019 2021 >
OPEC Basket Price ORB evolution 2020