In the Republic of Congo, authorities and oil companies have set hydrocarbon prices for the fourth quarter of 2025. Meeting in Pointe-Noire, sector players fixed the average fiscal price at $62.612 per barrel, against an international backdrop marked by volatility in oil markets. These levels confirm, according to the authorities, the competitiveness of Congolese crudes despite a demanding global environment.
In the Republic of Congo, authorities and oil sector stakeholders set the prices for crude hydrocarbons marketed in the fourth quarter of 2025 on January 10, 2026. Following meetings held from January 7 to 9, the quarterly average fiscal price for hydrocarbons was set at $62.612 per barrel, in an international context characterized by volatile oil markets and generally moderate prices. The various Congolese crudes recorded differentials ranging from -$3.950 to +$1.835 per barrel, depending on quality and trading terms.
“For the first quarter of 2026, analysts anticipate a dated crude price between $50 and $60 per barrel, significantly lower than its average in the fourth quarter of 2025. In Q4 2025, Congolese crudes showed differentials ranging from -$3.950 to +$1.835 per barrel. The quarterly average fiscal price for hydrocarbons in Q4 2005 is $62.612 per barrel, with a quarterly differential of -$0.846 per barrel.”
In detail, Djeno Blend was traded at $60.665 per barrel, Nkossa Blend at $63.663, while Yombo was set at $63.507 per barrel. Liquefied hydrocarbons from Nkossa also show differentiated levels, with Butane at $49.986 and Propane at $24.675 per barrel. These results confirm the diversity and strength of the Congolese oil basket. For the authorities, this price setting is based on a realistic and forward-looking approach, aimed at safeguarding national interests in a competitive environment.
“The work related to the valuation of Congolese crudes has confirmed the need for an approach that is both realistic and forward-looking, based on a reading of market conditions and the coherent defense of national interests.”
This crude valuation meeting is part of the production sharing contracts, which provide for quarterly consultations between the state and operators. The next meeting dedicated to setting hydrocarbon prices has already been announced for April 2026, while the outlook for 2026 remains closely tied to the evolution of global oil prices.