Projected OPEC reference basket oil price in 2016 and 2040 (in U.S. dollars per barrel)

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Nominal priceReal price (2015)

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This statistic displays a projection of the OPEC reference basket oil price in 2016 and 2040. In 2040, the difference between the nominal price and the real price (2015 U.S. dollars) is expected to be some 63 U.S. dollars. The nominal price is an unadjusted number, without taking elements such as inflation, seasonality, loan fees, interest compounding or other factors into account.
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Release date
November 2016
Survey time period
Supplementary notes
The annual price recovery from 2017 to 2021 is assumed to increase in increments of five U.S. dollars per barrel.

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