Oil Price in Suriname — Brent & WTI Crude Today

Suriname has no significant oil production yet but has attracted major offshore exploration after notable discoveries. For now it imports refined fuels, with its market tied to regional Brent-linked Caribbean pricing.

Classified here as a net importer, Suriname trades against Brent and WTI. That is the pricing reference the sections below work from — the headline Brent number quoted at the top of this page is the global marker, not necessarily the price Suriname settles at.

Suriname produces no meaningful volume of crude, so every barrel consumed has to be bought at an internationally set price. That makes the Brent benchmark a direct input into the trade balance: a sustained move in crude shows up in the current account, in the currency, and eventually in domestic inflation.

South American grades are sold as differentials to whichever marker fits the destination — Brent for Europe and Asia, WTI for the US Gulf — so both benchmarks matter to the realised export price.

Suriname has no significant refining capacity, so it imports finished fuel rather than crude. Its pump prices follow product cargo quotations — which include the exporting refiner's margin and the freight for the route — so local prices can rise even in weeks when Brent is falling, if refining margins or shipping rates are tightening.

Crude is invoiced in US dollars worldwide. Where local prices are quoted in dollars or in a dollar-pegged currency, that removes one layer of volatility: buyers in Suriname face the crude move on its own, without an exchange-rate move stacked on top of it.