Merey vs Petrozuata Heavy
Orinoco Belt (Petrozuata project)
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Venezuela (Maracaibo Lake)
Extra Heavy/Sour
Regional/Specialty
Spot differential, limited pricing
Merey (Venezuela)
Crude oil price, specifications and price history for Merey from Venezuela (Maracaibo Lake).
Price · USD/bbl
$90.47
■ 0.00(0.00%)
Updated
API gravity13°High
Sulfur3.5%Sour
Density1.01g/cm³
DeliveryLake Maracaibo terminals
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Merey was priced at $90.47 per barrel on July 06, 2026. Merey is a High, Sour crude (13° API, 3.5% sulfur) delivered at Lake Maracaibo terminals, and traded on Spot differential, limited pricing as the main Regional/Specialty benchmark. Over the last 30 days it ranged between $67.12 and $90.47.
Price analysis
Merey price analysis
| Period | High | Low | Range % | Range · current $90.47 |
|---|---|---|---|---|
| 180 Days | 90.47 | 67.12 | 25.81% | |
| 365 Days | 90.47 | 67.12 | 25.81% |
Bars span $67.12–$90.47, the full 365-day range.
Daily prices
Recent price history
| Date | Price | Change | Change % |
|---|---|---|---|
| 85.92 | 0.00 | 0.00% | |
| 85.92 | 0.00 | 0.00% | |
| 85.92 | 0.00 | 0.00% | |
| 85.92 | 0.00 | 0.00% | |
| 85.92 | 0.00 | 0.00% | |
Full daily history since 2019 is available to subscribers.
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Price history
Merey price history chart
Daily assessed price in USD per barrel.
- Last price
- –
- Period change
- –
- Period high
- –
- Period low
- –
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 Merey.
Basic classification
- Grade name
- Merey
- Classification
- Extra Heavy/Sour
- Region / field
- Venezuela (Maracaibo Lake)
Chemical properties
- API gravity
- 13 °API
- Sulfur content
- 3.5%
- Density
- 1.01 g/cm³
- Pour point
- 15 °C
- Viscosity
- 350 cSt
Trading & logistics
- Delivery basis
- Lake Maracaibo terminals
- Major exchanges
- Spot differential, limited pricing
- Export hub
- Jose Terminal, Lake Maracaibo
- Main destinations
- US Gulf cokers, Asia upgraders
- Benchmark type
- Regional/Specialty
Typical refinery yields
- Gasoline Oct-15%
- Diesel 20-25%
- Jet fuel 03-05'%
- Residual fuel 45-50%
Key characteristics
Venezuelan extra-heavy, requires upgrading
Typical use / refining notes
Requires significant processing; blending/upgrading
FAQ
Merey frequently asked questions
Quality, pricing and refining questions about Merey.
Requires significant upgrading or dilution with lighter crudes, increasing refining complexity.
Sanctions and supply disruptions contribute to high price discounts and irregular sales.
More Merey answers for membersThe complete FAQ is available to paid users.
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