1. Raw materials

OPEC Reference Basket (ORB) US Dollars per Barrel

Subscribe to our free email alert service

OPEC basket price on February28th 2023

In February of 2023, the average price of the OPEC basket was $81.86 per barrel, while the price was $81.62 dollars per barrel in January of 2023. Over last twelve months the price has fallen 13.11%.

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
84.23-3.37%7.23%7.38%05/02/2024
OPEC Basket Price ORB: Daily
DatePrice $
2023-02-28$81.91
2023-02-27$81.64
2023-02-24$82.04
2023-02-23$80.53
2023-02-22$80.52
2023-02-21$81.94
2023-02-20$82.02
2023-02-17$81.73
2023-02-16$83.76
2023-02-15$82.95
2023-02-14$84.37
2023-02-13$84.23
2023-02-10$83.62
2023-02-09$82.78
2023-02-08$81.86
2023-02-07$80.50
2023-02-06$78.20
2023-02-03$79.36
2023-02-02$80.43
2023-02-01$82.82
2023-01-31$81.95
2023-01-30$83.45
2023-01-27$85.31
< 2023-01 2023-03 >
OPEC Basket Price ORB 2023
DatePrice $Price €
February 2023$81.86€76.40
January 2023$81.62€75.79
December 2022$79.72€75.29
November 2022$89.74€87.97
October 2022$93.57€95.23
September 2022$95.35€96.27
August 2022$101.90€100.61
July 2022$108.60€106.69
June 2022$117.72€111.41
May 2022$113.94€107.70
April 2022$105.52€97.53
March 2022$113.61€103.10
< 2022 2024 >
OPEC Basket Price ORB evolution 2023