Here are the prices of various crude oil grades produced by OPEC member countries in June and July 2022.
The average price of OPEC’s crude basket during July 2022 was $108.55 per barrel, a $9.17 decrease compared to JUne 2022 price average of $117.72.
Prices of various raw materials are determined by their quality compared to standard materials such as Brent, West Texas and Dubai Crude.
|
OPEC Basket Prices |
||||
|
Material |
Country |
June 2022 |
July 2022 |
Change |
|
Arabian Light |
Saudi Arabia |
117.27 |
108.98 |
(8.29) |
|
Basrah Light |
Iraq |
115.56 |
105.36 |
(10.20) |
|
Bonny Light |
Nigeria |
125.22 |
117.58 |
(7.64) |
|
Es Sider |
Libya |
124.96 |
114.03 |
(10.93) |
|
Girassol |
Angola |
127.03 |
119.15 |
(7.88) |
|
Iran Heavy |
Iran |
115.85 |
107.63 |
(8.22) |
|
Kuwait Export |
Kuwait |
117.26 |
109.19 |
(8.07) |
|
Miri |
Venezuela |
92.25 |
84.72 |
(7.53) |
|
Murban |
UAE |
117.53 |
105.97 |
(11.56) |
|
Saharan Blend |
Algeria |
128.31 |
115.83 |
(12.48) |
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