Here are OPEC April, May 2022 crude prices

14/06/2022 Argaam

Here are the prices of various crude oil grades produced by OPEC member countries in April and May 2022.


The average price of OPEC’s crude basket during May was $113.87 per barrel, a $8.23 increase compared to April 2022 price average of $105.64.

 

OPEC Basket Prices

Material 

Country 

April, 2022 

May, 2022 

Change 

Arabian Light 

Saudi Arabia 

107.24

116.44 

+9.20

Basrah Light 

Iraq 

104.63 

111.91 

+7.28

Bonny Light 

Nigeria 

106.39

115.07 

+8.68

Es Sider 

Libya 

104.42 

113.18 

+8.76

Girassol 

Angola 

105.28 

113.95 

+8.67

Iran Heavy 

Iran 

106.28

115.48

+9.20

Kuwait Export 

Kuwait 

107.46

116.82 

+9.36

Miri 

Venezuela 

83.40 

88.07 

+7.67

Murban 

UAE 

104.48 

109.97 

+5.49

Saharan Blend 

Algeria 

109.37 

115.28

+5.91


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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