The OPEC Reference Basket (ORB) declined for the second successive month in June, falling 0.4%, or $0.37, to average 83.22 per barrel from $83.59 in May.
|
OPEC Reference Basket |
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|
|
Material |
|
Country |
|
May 2024 |
|
June 2024 |
|
Change |
|
|
|
Arabian Light |
|
Saudi Arabia |
|
85.60 |
|
85.31 |
|
(0.29) |
|
|
|
Basrah Medium |
|
Iraq |
|
81.58 |
|
81.96 |
|
+0.38 |
|
|
|
Bonny Light |
|
Nigeria |
|
84.16 |
|
83.30 |
|
(0.86) |
|
|
|
Es Sider |
|
Libya |
|
81.27 |
|
81.15 |
|
(0.12) |
|
|
|
Iran Heavy |
|
Iran |
|
84.13 |
|
83.65 |
|
(0.48) |
|
|
|
Kuwait Export |
|
Kuwait |
|
85.15 |
|
84.91 |
|
(0.24) |
|
|
|
Miri |
|
Venezuela |
|
70.55 |
|
69.23 |
|
(1.32) |
|
|
|
Murban |
|
UAE |
|
84.10 |
|
82.51 |
|
(1.59) |
|
|
|
Saharan Blend |
|
Algeria |
|
82.07 |
|
82.55 |
|
+0.48 |
|
Prices of various raw materials are determined by their quality against standard materials such as Brent, West Texas, and Dubai Crude.
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