Here are OPEC June, July 2020 crude prices

12/08/2020 Argaam

 

The average price of OPEC’s crude basket during July 2020 was $43.42 per barrel, the highest since February, and a $6.37 increase compared to June 2020 average price of $37.05.

 

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

 

OPEC Basket Prices

Material

Country

June 2020

July 2020

Variation

Arabian Light

Saudi Arabia

36.12

43.52

+7.40

Basrah Light

Iraq

37.23

44.63

+7.40

Bonny Light

Nigeria

39.03

43.46

+4.43

Es Sider

Libya

38.68

42.17

+3.49

Girassol

Angola

43.10

45.78

+2.68

Iran Heavy

Iran

36.26

43.30

+7.04

Kuwait Export

Kuwait

35.58

43.31

+7.73

Miri

Venezuela

24.73

28.32

+3.59

Murban

UAE

39.33

43.73

+4.40

Saharan Blend

Algeria

40.48

44.12

+3.64

 

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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