Different Oil Prices in the World Out Into the Public Domain,  for Free By James Stafford Oil Price, Al-Jazeerah, CCUN, November 13, 2017

 

At Oil Price, we have just finished an 18-month project to bring all of the different oil prices in the world (that have never been available to the public) out into the public domain and for free.

You used to have to pay a $50,000 annual fee for this pricing data, and I thought that was ridiculous, so we have created this page with the goal of bringing a bit more transparency to markets: http://oilprice.com/oil-price-charts

Most people don’t realize just how many oil prices there are in the world. You may be shocked to find out that on the 11th of October there was a 67.18% price differential between two oil blends.

So while oil prices ranged from $35.50 to $59.35, the monopoly that data companies hold over the industry meant that the price of oil was simply reported as $50.79 – the price of WTI.

While WTI is undoubtedly significant, it represents only a fraction of the most important market in the world.

Here is a sample of the other blends we have available:

  OPEC and Middle East Blends (Including all Iranian blends, Bonny light, Kuwait, Dubai, Middle East Sour and Iraq blends Almost all U.S. and Canadian blends (hundreds of blends)

All Mexican blends & other Latin American blends

Russian Blends Chinese & Asian blends

+ more

Now I realize that oil prices aren’t hugely exciting to most people – but the significance of this data in everything from geopolitics to finance is undeniable.

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