Organization of Petroleum Exporting Countries

Data cited at: OPEC-https: //woo.opec.org/chapter.php? ChapterNr = 200 Users may include the Material in internal reports, and for educational and research purposes, and / or reports to clients, on an occasional and infrequent basis, provided that all such material is clearly attributed to OPEC, and bears a notation that it is copyrighted by OPEC.   1. Stock change assumptions reflect the development of Strategic Petroleum Reserves (SPR) in some non-OECD countries, and the rising need for stocks as refinery capacity expands. These rates of rise in stocks will eventually slow, as growth in SPR slows as does refinery expansion. The medium-term pattern eventually reverts, in the long-term, to historical average behavior. 2. For Indicators, like Long term real GP growth rates the date has been considered the highest number although it has a range which are as. 2019-2025 for 2025, 2025-2035 for 2035, 2035-2045 for 2045

Introduced on 16 June 2005, the new OPEC Reference Basket (ORB) is currently made up of the following: Saharan Blend (Algeria), Girassol (Angola), Oriente (Ecuador), Zafiro (Equatorial Guinea), Rabi Light (Gabon), Iran Heavy (Islamic Republic of Iran), Basra Light (Iraq), Kuwait Export (Kuwait), Es Sider (Libya), Bonny Light (Nigeria), Qatar Marine (Qatar), Arab Light (Saudi Arabia), Murban (UAE) and Merey (Venezuela). Notes: As of January 2006: The Weekly, Monthly, Quarterly & Yearly averages are based on daily quotations. As of January 2007: The basket price includes the Angolan crude "Girassol". As of 19 October 2007: The basket price includes the Ecuadorean crude "Oriente". As of January 2009: The basket price excludes the Indonesian crude "Minas". As of January 2009: The Venezuelan crude "BCF-17" was replaced by the crude "Merey". As of January 2016: The basket price includes the Indonesian crude "Minas". As of July 2016: The basket price includes the Gabonese crude "Rabi Light". As of January 2017: The basket price excludes the Indonesian crude "Minas". As of June 2017: The basket price includes the Equatorial Guinean crude "Zafiro".

Data cited at: OPEC-https://www.opec.org/opec_web/en/publications/338.htm Users may include the Material in internal reports, and for educational and research purposes, and/or reports to clients, on an occasional and infrequent basis, provided that all such material is clearly attributed to OPEC, and bears a notation that it is copyrighted by OPEC. Monthly counts of rotary rigs drilling for oil and gas worldwide, in the OPEC and non-OPEC countries. Baker Hughes Inc. and OPEC Secretariat's estimates.

The dataset illustrates the inter-country variations in the average price of one barrel of oil across G7 countries as well as the OECD average during 1984-2019.