Logo of OPEC
The average price of OPEC’s crude basket in November 2022 was $89.73 per barrel, falling $3.89, compared to October 2022 price average of $93.62.
Prices of various raw materials are determined by their quality compared to standard materials such as Brent, West Texas and Dubai Crude.
Below are the prices of various crude oil grades produced by OPEC member countries in October and November 2022.
|
OPEC Basket Prices |
||||
|
Material |
Country |
October 2022 |
November 2022 |
Change |
|
Arabian Light |
Saudi Arabia |
96.20 |
91.58 |
(4.62) |
|
Basrah Light |
Iraq |
89.45 |
85.66 |
(3.79) |
|
Bonny Light |
Nigeria |
95.02 |
92.84 |
(2.18) |
|
Es Sider |
Libya |
93.91 |
91.25 |
(2.66) |
|
Girassol |
Angola |
95.61 |
92.76 |
(2.85) |
|
Iran Heavy |
Iran |
93.21 |
88.73 |
(4.48) |
|
Kuwait Export |
Kuwait |
94.72 |
90.13 |
(4.59) |
|
Miri |
Venezuela |
71.56 |
66.94 |
(4.62) |
|
Murban |
UAE |
93.54 |
90.90 |
(2.64) |
|
Saharan Blend |
Algeria |
95.66 |
93.60 |
(2.06) |
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