Jan 11, 2024 · As of January 2022: The basket price includes Iraqi Basrah Medium instead of Basrah Light. As of January 2024: The basket price excludes the Angolan crude “Girassol”. …

1. OPEC daily basket price stood at $71,92 a barrel Tuesday, 10 December 2024 more; 2. ‘'Age of electricity' to follow looming fossil fuel peak’’: Analysis or Science Fiction? more; 3. OPEC’s World Oil Outlook 2024 to be launched in Rio de Janeiro on 24 September more

Last year, growth rates were substantial and rates of core inflation remained under control despite higher oil prices. It is estimated that since 2002 the impact on global GDP of the rise in oil prices has been less than one per cent.

According to current estimates, 79.1% (1,241.33 billion barrels) of the world's proven crude oil reserves are located in OPEC Member Countries, with the bulk of OPEC oil reserves in the Middle East, amounting to 67.3% of the OPEC total.

The OPEC Monthly Oil Market Report (MOMR) covers major issues affecting the world oil market and provides an outlook for crude oil market developments for the coming year. The report provides a detailed analysis of key developments impacting oil market trends in world oil demand, supply as well as the oil market balance.

The Monthly Oil Market Report contains a wealth of information, including developments in the world economy, data on oil prices, supply and demand, crude and product stocks and much more. Click below for free downloads of the 2014 reports:

Dec 10, 2024 · Vienna, Austria, 11 December 2024--The price of OPEC basket of twelve crudes stood at $71,92 a barrel on Tuesday, compared with $71,96 the previous day, according to OPEC Secretariat calculations (view archives).

In 2023, for example, global oil demand expanded, year-on-year, by 2.6 million barrels of oil a day (mb/d) to reach an average of 102.2 mb/d. In addition, demand grew in almost every region, with the non-OECD leading the way.

Oil Market Highlights OPEC Monthly Oil Market Report – September 2024 iii Oil Market Highlights Crude Oil Price Movements In August, the OPEC Reference Basket (ORB) value fell by $6.02, or 7.1%, m-o-m, to average $78.41/b. The ICE Brent front-month contract dropped by $5.00, or 6.0%, mo-m, to stand at $78.88/b- . The NYMEX WTI

11 Dec 2024 | Vienna, Austria, 11 December 2024--The price of OPEC basket of twelve crudes stood at $71,92 a barrel on Tuesday, compared with $71,96 the previous day, according to OPEC Secretariat calculations (view archives).