Iraq’s Oil Pricing and Rankings within OPEC
According to recent statistics, Iraq is positioned fifth among Arab oil-exporting countries within OPEC for the most expensive oil in February 2025. The average price for a barrel of Iraqi oil reached $75.73 during this period.
OPEC Rankings of Arab Oil Prices:
- Saudi Light Arab Crude: $78.59 per barrel
- Kuwaiti Crude: $78.16 per barrel
- Emirati Crude: $77.62 per barrel
- Algerian Desert Blend: $76.06 per barrel
- Iraqi Oil: $75.73 per barrel
- Libyan Sidi Viol: $73.96 per barrel
OPEC also noted a decline in the average prices of Arab crude oils, which fell to $76.68 per barrel in February 2025, compared to $79.56 per barrel in January 2025. This data reflects ongoing market dynamics, influencing pricing strategies and economic forecasts for member nations.
In summary, Iraq’s ranking and pricing within the OPEC framework reveal critical insights into regional oil dynamics, especially in light of fluctuating market prices and geopolitical factors impacting the energy sector.
