Iraq’s Oil Price Ranking in January 2025
In January 2025, Iraq secured the fifth position among Arab oil-producing nations within the OPEC framework, based on the pricing of its exported crude oil.
OPEC’s latest data indicates that the price per barrel of Iraqi crude reached $77.98. In the hierarchy of pricing among Arab oils, Saudi Arabia led with its light crude priced at $80.78 per barrel. The United Arab Emirates followed closely, with its crude averaging $80.41 per barrel.
Further analysis reveals that Kuwaiti crude landed in third place with a price of $80.40 per barrel, while the Algerian Sahara Blend was fourth at $80.25 per barrel. The Libyan S strains also featured in the rankings, placing sixth at $77.55 per barrel.
Price Trends
OPEC’s assessment highlights that the average price for Arab crude in January 2025 rose significantly to $79.56 per barrel, compared to an average of $73.33 per barrel recorded in December 2024.
Pricing Summary
| Rank | Country/Region | Price per Barrel ($) |
|---|---|---|
| 1 | Saudi Arabia | 80.78 |
| 2 | UAE | 80.41 |
| 3 | Kuwait | 80.40 |
| 4 | Algeria | 80.25 |
| 5 | Iraq | 77.98 |
| 6 | Libya | 77.55 |
The upward trend in average prices reflects the ongoing fluctuations within the global oil market, showing that despite geopolitical tensions and market dynamics, demand for Arab oil remains robust.
