The average price of OPEC’s crude basket during June 2018 was $73.22 per barrel, down $0.89 compared to May price average of $74.11.
Here are the prices of various crude oil grades produced by OPEC member countries in May and June.
|
OPEC Basket Prices |
||||
|
Material |
Country |
May 2018 |
June 2018 |
Variation |
|
Arabian Light |
Saudi Arabia |
74.68 |
74.26 |
(0.42) |
|
Basrah Light |
Iraq |
72.83 |
71.90 |
(0.93) |
|
Bonny Light |
Nigeria |
77.73 |
74.86 |
(2.87) |
|
Es Sider |
Libya |
75.25 |
72.27 |
(2.98) |
|
Girassol |
Angola |
76.75 |
73.54 |
(3.21) |
|
Iran Heavy |
Iran |
72.15 |
71.69 |
(0.46) |
|
Kuwait Export |
Kuwait |
72.55 |
72.38 |
(0.17) |
|
Qatar Marine |
Qatar |
73.36 |
72.94 |
(0.42) |
|
Miri |
Venezuela |
68.22 |
69.25 |
0.96+ |
|
Murban |
UAE |
76.71 |
76.18 |
(0.53) |
|
Oriente |
Ecuador |
70.39 |
70.05 |
(0.34) |
|
Saharan Blend |
Algeria |
77.25 |
73.37 |
(3.88) |
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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