1. Raw materials

OPEC Reference Basket (ORB) US Dollars per Barrel

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OPEC basket price on August31th 2020

The average oil price for OPEC crude oils in August was $44.97 per barrel while the price was $43.42 per barrel in July of 2020. Over last twelve months the price has fallen 24.66%.

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
89.64-0.60%3.71%14.28%04/17/2024
OPEC Basket Price ORB: Daily
DatePrice $
2020-08-31$46.27
2020-08-28$45.33
2020-08-27$45.81
2020-08-26$46.05
2020-08-25$45.87
2020-08-24$45.19
2020-08-21$44.92
2020-08-20$45.05
2020-08-19$45.19
2020-08-18$45.49
2020-08-17$44.94
2020-08-14$44.62
2020-08-13$45.34
2020-08-12$45.08
2020-08-11$45.21
2020-08-10$45.01
2020-08-07$44.87
2020-08-06$45.17
2020-08-05$45.34
2020-08-04$44.27
2020-08-03$44.02
2020-07-31$43.02
2020-07-30$42.99
< 2020-07 2020-09 >
OPEC Basket Price ORB 2020
DatePrice $Price €
August 2020$44.97€38.02
July 2020$43.42€37.88
June 2020$37.05€32.92
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
< 2019 2021 >
OPEC Basket Price ORB evolution 2020