OPEC Reference Basket vs Arab Medium
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OPEC Reference Basket (OPEC)
Crude oil price, specifications and price history for OPEC Reference Basket from OPEC (various members).
Price · USD/bbl
$77.37
■ 0.00(0.00%)
Updated
API gravity32.7°Light
Sulfur1.77%Sour
Density0.86g/cm³
DeliveryN/A (composite)
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OPEC Reference Basket was priced at $77.37 per barrel on July 06, 2026. OPEC Reference Basket is a Light, Sour crude (32.7° API, 1.77% sulfur) delivered at N/A (composite), and traded on OPEC as the main Global (index) benchmark. Over the last 30 days it ranged between $77.37 and $102.52.
Price analysis
OPEC Reference Basket price analysis
| Period | High | Low | Range % | Range · current $77.37 |
|---|---|---|---|---|
| 180 Days | 116.87 | 77.37 | 33.80% | |
| 365 Days | 118.33 | 77.37 | 34.62% |
Bars span $77.37–$118.33, the full 365-day range.
Daily prices
Recent price history
| Date | Price | Change | Change % |
|---|---|---|---|
| 107.29 | 0.00 | 0.00% | |
| 107.29 | 0.00 | 0.00% | |
| 104.79 | -2.5 | -2.33% | |
| 106.28 | +1.49 | +1.42% | |
| 107.62 | +1.34 | +1.26% | |
Full daily history since 2019 is available to subscribers.
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Price history
OPEC Reference Basket price history chart
Daily assessed price in USD per barrel.
- Last price
- –
- Period change
- –
- Period high
- –
- Period low
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Free view: last 30 price assessments. Subscribe for daily history back to 2019 and Excel export.
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| Date | Price (USD/bbl) | Change |
|---|
Crude quality
Technical specifications
Classification, chemical properties and trading details for OPEC Reference Basket.
Basic classification
- Grade name
- OPEC Reference Basket
- Classification
- Medium/Sour
- Region / field
- OPEC (various members)
Chemical properties
- API gravity
- 32.7 °API
- Sulfur content
- 1.77%
- Density
- 0.86 g/cm³
- Pour point
- 10 °C
- Viscosity
- 8 cSt
Trading & logistics
- Delivery basis
- N/A (composite)
- Major exchanges
- OPEC
- Export hub
- N/A (composite index)
- Main destinations
- Global (index tracking)
- Benchmark type
- Global (index)
Typical refinery yields
- Gasoline 18-22%
- Diesel 38-42%
- Jet fuel 10-12'%
- Residual fuel 20-25%
Key characteristics
Composite of 13 OPEC crude grades, represents average OPEC quality
Typical use / refining notes
Represents avg. OPEC crude quality for policy tracking
FAQ
OPEC Reference Basket frequently asked questions
Quality, pricing and refining questions about OPEC Reference Basket.
The current price of OPEC Reference Basket is 77.37 USD/BBL as of July 06, 2026.
Gasoline : 18-22
Diesel : 38-42
Jet Fuel : 10-12'
Residual Fuel : 20-25
OPEC Reference Basket is produced from OPEC (various members) oil field
OPEC Reference Basket is primarily exported from N/A (composite index).
More OPEC Reference Basket answers for membersThe complete FAQ is available to paid users.
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