OPEC reference basket - oil price 2016-2040

This statistic displays a projection of the OPEC reference basket oil price in 2016 and 2040. In 2040, the difference between the nominal price and the real price (2015 U.S. dollars) is expected to be some 63 U.S. dollars. The nominal price is an unadjusted number, without taking elements such as inflation, seasonality, loan fees, interest compounding or other factors into account.

Projected OPEC reference basket oil price in 2016 and 2040

Nominal priceReal price (2015)
204015592
20164040
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Source

Release date

November 2016

Region

Worldwide

Survey time period

2016

Supplementary notes

The annual price recovery from 2017 to 2021 is assumed to increase in increments of five U.S. dollars per barrel.

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Statistics on "OPEC"

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