Here are OPEC April, May 2020 crude prices

17/06/2020 Argaam

 

The average price of OPEC’s crude basket during May 2020 was $25.17 per barrel, a $7.51 increase compared to April 2020 price average of $17.66.

 

Here are the prices of various crude oil grades produced by OPEC member countries in April and May.

 

OPEC Basket Prices

Material

Country

April 2020

May 2020

Variation

Arabian Light

Saudi Arabia

18.27

24.99

+6.72

Basrah Light

Iraq

16.82

24.73

+7.91

Bonny Light

Nigeria

15.54

24.86

+9.32

Es Sider

Libya

11.91

21.36

+9.98

Girassol

Angola

14.70

28.62

+13.92

Iran Heavy

Iran

17.16

23.55

+6.39

Kuwait Export

Kuwait

17.22

24.54

+7.32

Miri

Venezuela

7.04

16.33

+9.29

Murban

UAE

23.94

28.23

+4.29

Saharan Blend

Algeria

17.08

26.31

+9.23

 

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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