OPEC basket price stood at an average of $91.78 a barrel in November, down 3% ($2.82) from $94.60 per barrel in July, according to OPEC Monthly Oil Market Report for September and October 2023.
|
OPEC Basket Prices (September-October 2023) |
||||
|
Material |
Country |
September 2023 |
October 2023 |
Change |
|
Arabian Light |
Saudi Arabia |
96.51 |
93.39 |
(3.12) |
|
Basrah Medium |
Iraq |
93.14 |
90.19 |
(2.95) |
|
Bonny Light |
Nigeria |
95.53 |
94.03 |
(1.50) |
|
Es Sider |
Libya |
94.31 |
92.12 |
(2.19) |
|
Girassol |
Angola |
97.46 |
95.72 |
(1.74) |
|
Iran Heavy |
Iran |
94.63 |
91.55 |
(3.08) |
|
Kuwait Export |
Kuwait |
95.70 |
92.85 |
(2.85) |
|
Miri |
Venezuela |
75.51 |
72.54 |
(2.97) |
|
Murban |
UAE |
93.86 |
91.00 |
(2.86) |
|
Saharan Blend |
Algeria |
95.21 |
93.27 |
(1.94) |
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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