Oil Prices
In 2022, the real price of Arabian Light oil was $89.7 per barrel. Compared to North Sea (Brent) oil, whose price was $89.3, Arabian Light oil was priced 0.5% higher, while when compared to OPEC basket oil whose price was $88.4, Arabian Light oil was priced 1.6% higher.
The graph shows the annual evolution of the real oil price in dollars per barrel.
Real Oil Price
(Base Year 2005)
Source: Saudi Central Bank (SAMA)
In 2022, the real price of Arabian Light oil was $89.7 per barrel. Compared to North Sea (Brent) oil, whose price was $89.3, Arabian Light oil was priced 0.5% higher, while when compared to OPEC basket oil whose price was $88.4, Arabian Light oil was priced 1.6% higher.
The graph shows the annual evolution of the real oil price in dollars per barrel.