EAI brief: Venezuela’s Merey averaged $56.68/bbl in 2025, down 13.6% v 2024, OPEC says

PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 12.Jan.2026, Words: 128) — The average price of Venezuela’s Merey crude oil in 2025 was the lowest of 12 select crudes tracked by the Organization of the Petroleum Exporting Countries (OPEC)

Of the dozen crudes tracked by OPEC, the highest value was the Arab Light with an average price of $71.92/bbl.