OPEC Reference Basket

Since January 1, 2017, the OPEC reference basket consists of a weighted average of the following crudes:

• Saharan Blend (from Algeria)
• Girassol (from Angola)
• Oriente (from Ecuador)
• Rabi Light (from Gabon)
• Iran Heavy (from Iran)
• Basra Light (from Iraq)
• Kuwait Export (from Kuwait)
• Es Sider (from Libya)
• Bonny Light (from Nigeria)
• Qatar Marine (from Qatar)
• Arab Light (from Saudi Arabia)
• Murban (from UAE)
• Merey (from Venezuela)

Old line-up

Prior to June 16, 2005, the OPEC Basket did not include petroleum blends from all OPEC members. The earlier basket consisted of seven crudes:

• Saharan Blend (from Algeria)
• Minas (from Indonesia)
• Isthmus (from Mexico, a non-OPEC country)
• Bonny Light (from Nigeria)
• Arab Light (from Saudi Arabia)
• Fateh (from Dubai, UAE)
• Tia Juana Light (from Venezuela)