In 2025, the price of Merey crude oil – Venezuela's reference blend – averaged *U.S. dollars per barrel. The highest annual average was recorded in 2012, at more than *** dollars per barrel. A part of the OPEC Reference Basket since January 2009, Venezuela’s export oil is the basket's heaviest component, and in turn has historically reported the lowest average price.
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how ÌÇÐÄÆƽâ°æ can support your business.
OPEC. (January 14, 2026). Average Venezuela's Merey crude oil price from 2005 to 2025 (in U.S. dollars per barrel) [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 27, 2026, from /statistics/1240496/annual-average-price-merey-crude-oil/
OPEC. "Average Venezuela's Merey crude oil price from 2005 to 2025 (in U.S. dollars per barrel)." Chart. January 14, 2026. ÌÇÐÄÆƽâ°æ. Accessed July 27, 2026. /statistics/1240496/annual-average-price-merey-crude-oil/
OPEC. (2026). Average Venezuela's Merey crude oil price from 2005 to 2025 (in U.S. dollars per barrel). ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 27, 2026. /statistics/1240496/annual-average-price-merey-crude-oil/
OPEC. "Average Venezuela's Merey Crude Oil Price from 2005 to 2025 (in U.S. Dollars per Barrel)." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 14 Jan 2026, /statistics/1240496/annual-average-price-merey-crude-oil/
OPEC, Average Venezuela's Merey crude oil price from 2005 to 2025 (in U.S. dollars per barrel) ÌÇÐÄÆƽâ°æ, /statistics/1240496/annual-average-price-merey-crude-oil/ (last visited July 27, 2026)
Average Venezuela's Merey crude oil price from 2005 to 2025 (in U.S. dollars per barrel) [Graph], OPEC, January 14, 2026. [Online]. Available: /statistics/1240496/annual-average-price-merey-crude-oil/
