Crude oil (Brent)
116.8US$/bbl▲ 28.5% vs Aug 2026
Latest observation Sept 2026
- Latest
- 116.8
- Change
- +7,200.0%
- Year on year
- +71.8%
- High
- 133.9 Jul 2008
- Low
- 1.2 Jan 1970
- Average
- 35.4
- Volatility
- 39.3%
Crude oil (Brent) is 116.8 US$/bbl (Sept 2026), 7200.0% higher than in Jan 1960. Over the last year: +71.8%.
What is this?
The world market price of crude oil (brent) (US$/bbl).
Mozambique imports all its refined fuel, so world oil prices feed into the regulated petrol and diesel prices set by ARENE, with a lag and not one-for-one.
How to read it
Higher means the commodity sells for more on world markets.
Unit: US$/bbl.
Measure: Global benchmark price.
What does the data say?
Crude oil (Brent) is 116.8 US$/bbl (Sept 2026), 7200.0% higher than in Jan 1960. Over the last year: +71.8%.
Over all 801 observations since Jan 1960, the highest was 133.9 (Jul 2008) and the lowest 1.2 (Jan 1970).
Why does it matter?
- Households: Affects local prices only where Mozambique imports the product.
- Businesses: Exporters earn more when world prices rise; importers pay more.
- Government: Royalties and export taxes move with world prices.
- Investors: Commodity exposure of Mozambique's exports.
- Mobile money: Indirect; mainly through incomes in producing regions.
Observed facts are above; these are possible implications, not measured effects.
What should I watch?
Data source
- Source
- World Bank Commodity Price Data (The Pink Sheet)
- Frequency
- Monthly
- Observations
- 801 (Jan 1960 – Sept 2026)
- Source published
- 2026-10-02
- Last retrieved
- 2026-10-17
- Method
- Monthly average in nominal US dollars. Column "Crude oil, Brent" ($/bbl).
- Limitations
- A world market price, not the price Mozambican producers or exporters actually receive, nor the export unit value in customs data.
- Download
- All stored observations (JSON) · CSV from the chart