average price in the OPEC basket.
In February 2024, the price of Merey crude oil – Venezuela’s reference export blend – averaged 67.27 U.S. dollars per barrel, up from 66.5 U.S. dollars per barrels the previous month. Merey crude oil has been part of the OPEC basket since January 2009. A blend of extra-heavy crude oil from the Orinoco belt and lighter grades, Venezuela’s export oil is the heaviest component in the basket, and, in turn, has historically reported the lowest Average monthly price of Venezuela's Merey crude oil from February 2020 to February 2024 (in U.S. dollars per barrel)
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Other statistics that may interest you Oil industry in Venezuela
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Topics
Oil and gasoline pricesOPEC. (March 12, 2024). Average monthly price of Venezuela's Merey crude oil from February 2020 to February 2024 (in U.S. dollars per barrel) [Graph]. In Statista. Retrieved May 16, 2024, from https://www.statista.com/statistics/1115833/monthly-average-price-merey-crude-oil/
OPEC. "Average monthly price of Venezuela's Merey crude oil from February 2020 to February 2024 (in U.S. dollars per barrel)." Chart. March 12, 2024. Statista. Accessed May 16, 2024. https://www.statista.com/statistics/1115833/monthly-average-price-merey-crude-oil/
OPEC. (2024). Average monthly price of Venezuela's Merey crude oil from February 2020 to February 2024 (in U.S. dollars per barrel). Statista. Statista Inc.. Accessed: May 16, 2024. https://www.statista.com/statistics/1115833/monthly-average-price-merey-crude-oil/
OPEC. "Average Monthly Price of Venezuela's Merey Crude Oil from February 2020 to February 2024 (in U.S. Dollars per Barrel)." Statista, Statista Inc., 12 Mar 2024, https://www.statista.com/statistics/1115833/monthly-average-price-merey-crude-oil/
OPEC, Average monthly price of Venezuela's Merey crude oil from February 2020 to February 2024 (in U.S. dollars per barrel) Statista, https://www.statista.com/statistics/1115833/monthly-average-price-merey-crude-oil/ (last visited May 16, 2024)
Average monthly price of Venezuela's Merey crude oil from February 2020 to February 2024 (in U.S. dollars per barrel) [Graph], OPEC, March 12, 2024. [Online]. Available: https://www.statista.com/statistics/1115833/monthly-average-price-merey-crude-oil/