The average price of OPEC’s crude basket during October 2019 was $59.91 per barrel, a $2.45 drop from September 2019 price average of $62.36.
Here are the prices of various crude oil grades produced by OPEC member countries in September and October.
|
OPEC Basket Prices |
||||
|
Material |
Country |
September 2019 |
October 2019 |
Variation |
|
Arabian Light |
Saudi Arabia |
62.74 |
60.99 |
(1.75) |
|
Basrah Light |
Iraq |
61.85 |
59.52 |
(2.33) |
|
Bonny Light |
Nigeria |
64.02 |
61.45 |
(2.57) |
|
Es Sider |
Libya |
62.32 |
59.78 |
(2.54) |
|
Girassol |
Angola |
65.36 |
61.34 |
(4.02) |
|
Iran Heavy |
Iran |
60.32 |
57.94 |
(2.38) |
|
Kuwait Export |
Kuwait |
62.16 |
60.52 |
(1.64) |
|
Miri |
Venezuela |
61.79 |
45.69 |
(16.10) |
|
Murban |
UAE |
62.39 |
60.88 |
(1.51) |
|
Oriente |
Ecuador |
57.47 |
54.60 |
(2.87) |
|
Saharan Blend |
Algeria |
62.47 |
60.48 |
(1.99) |
Prices of various raw materials are determined by their quality compared to standard materials such as Brent, West Texas and Dubai Crude.
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