The 2025 annual OPEC oil price stood at ***** U.S. dollars per barrel, as of May. This would be lower than the 2024 average, which amounted to ***** U.S. dollars. The abbreviation OPEC stands for Organization of the Petroleum Exporting Countries and includes Algeria, Angola, Congo, Equatorial Guinea, Gabon, Iraq, Iran, Kuwait, Libya, Nigeria, Saudi Arabia, Venezuela, and the United Arab Emirates. The aim of the OPEC is to coordinate the oil policies of its member states. It was founded in 1960 in Baghdad, Iraq. The OPEC Reference Basket The OPEC crude oil price is defined by the price of the so-called OPEC (Reference) basket. This basket is an average of prices of the various petroleum blends that are produced by the OPEC members. Some of these oil blends are, for example: Saharan Blend from Algeria, Basra Light from Iraq, Arab Light from Saudi Arabia, BCF 17 from Venezuela, et cetera. By increasing and decreasing its oil production, OPEC tries to keep the price between a given maxima and minima. Benchmark crude oil The OPEC basket is one of the most important benchmarks for crude oil prices worldwide. Other significant benchmarks are UK Brent, West Texas Intermediate (WTI), and Dubai Crude (Fateh). Because there are many types and grades of oil, such benchmarks are indispensable for referencing them on the global oil market. The 2025 fall in prices was the result of weakened demand outlooks exacerbated by extensive U.S. trade tariffs.

Graph and download economic data for Consumer Price Index: OECD Groups: Energy (Fuel, Electricity, and Gasoline): Total for Germany (CPGREN01DEQ657N) from Q2 1962 to Q3 2023 about fuels, electricity, energy, Germany, gas, CPI, price index, indexes, and price.

Graph and download economic data for Consumer Price Index: OECD Groups: Energy (Fuel, Electricity, and Gasoline): Total for Germany (CPGREN01DEM657N) from Feb 1962 to Nov 2023 about fuels, electricity, energy, Germany, gas, CPI, price index, indexes, and price.

Graph and download economic data for Consumer Price Index: OECD Groups: Energy (Fuel, Electricity, and Gasoline): Total for Canada (CPGREN01CAA657N) from 1962 to 2022 about fuels, electricity, Canada, energy, gas, CPI, price index, indexes, and price.

United Kingdom Retail Price Index: Weights: Fuel and Light: Gas data was reported at 15.000 Per 1000 in 2018. This records a decrease from the previous number of 16.000 Per 1000 for 2017. United Kingdom Retail Price Index: Weights: Fuel and Light: Gas data is updated yearly, averaging 16.000 Per 1000 from Dec 1962 (Median) to 2018, with 57 observations. The data reached an all-time high of 24.000 Per 1000 in 1987 and a record low of 11.000 Per 1000 in 1968. United Kingdom Retail Price Index: Weights: Fuel and Light: Gas data remains active status in CEIC and is reported by Office for National Statistics. The data is categorized under Global Database’s UK – Table UK.I012: Retail Price Index: Weights.

Graph and download economic data for Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Electricity, Gas and Other Fuels: Total for Germany (DEUCP040500GPQ) from Q2 1962 to Q3 2023 about water, fuels, electricity, Germany, gas, CPI, price index, indexes, and price.

Graph and download economic data for Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Electricity, Gas and Other Fuels for Germany (DEUCP040500IXOBM) from Jan 1962 to Mar 2025 about water, fuels, electricity, Germany, gas, CPI, price index, indexes, and price.

Graph and download economic data for Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Electricity, Gas and Other Fuels: Total for Germany (DEUCP040500GPM) from Feb 1962 to Nov 2023 about water, fuels, electricity, Germany, gas, CPI, price index, indexes, and price.

Graph and download economic data for Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Electricity, Gas and Other Fuels for Germany (DEUCP040500IXOBQ) from Q1 1962 to Q1 2025 about water, fuels, electricity, Germany, gas, CPI, price index, indexes, and price.

Graph and download economic data for Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Energy for Canada (CPGREN01CAM659N) from Jan 1962 to Mar 2025 about fuels, electricity, Canada, energy, gas, CPI, price index, indexes, and price.