1. Raw materials

OPEC Reference Basket (ORB) US Dollars per Barrel

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OPEC basket price on December31th 2020

The price of OPEC basket crudes stood at $49.17 a barrel, compared with $42.61 the previous month. Over last twelve months the price has fallen 26.04%.

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
86.51-1.15%5.68%10.29%04/22/2024
OPEC Basket Price ORB: Daily
DatePrice $
2020-12-31$50.24
2020-12-30$50.22
2020-12-29$50.16
2020-12-28$50.10
2020-12-24$50.31
2020-12-23$49.46
2020-12-22$49.22
2020-12-21$49.57
2020-12-18$50.69
2020-12-17$50.78
2020-12-16$50.12
2020-12-15$49.61
2020-12-14$49.65
2020-12-11$49.58
2020-12-10$48.87
2020-12-09$48.31
2020-12-08$47.79
2020-12-07$47.77
2020-12-04$48.35
2020-12-03$47.46
2020-12-02$46.67
2020-12-01$46.72
2020-11-30$46.43
< 2020-11 2021-01 >
OPEC Basket Price ORB 2020
DatePrice $Price €
December 2020$49.17€40.40
November 2020$42.61€35.99
October 2020$40.08€34.04
September 2020$41.54€35.23
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
< 2019 2021 >
OPEC Basket Price ORB evolution 2020