The average price of OPEC’s crude basket during July 2018 was $73.27 per barrel, a $0.05 increase compared to June price average of $ 73.22.
Here are the prices of various crude oil grades produced by OPEC member countries in June and July.
|
OPEC Basket Prices |
||||
|
Material |
Country |
June 2018 |
July 2018 |
Variation |
|
Arabian Light |
Saudi Arabia |
74.26 |
74.16 |
(0.10) |
|
Basrah Light |
Iraq |
71.90 |
72.02 |
+ 0.12 |
|
Bonny Light |
Nigeria |
74.86 |
75.06 |
+ 0.20 |
|
Es Sider |
Libya |
72.27 |
72.43 |
+ 0.16 |
|
Girassol |
Angola |
73.54 |
74.40 |
+ 0.86 |
|
Iran Heavy |
Iran |
71.69 |
71.44 |
(0.25) |
|
Kuwait Export |
Kuwait |
72.38 |
72.33 |
(0.05) |
|
Qatar Marine |
Qatar |
72.94 |
73.06 |
+ 0.12 |
|
Miri |
Venezuela |
69.25 |
70.37 |
+ 1.12 |
|
Murban |
UAE |
76.18 |
76.00 |
(0.18) |
|
Oriente |
Ecuador |
70.05 |
69.11 |
(0.94) |
|
Saharan Blend |
Algeria |
73.37 |
73.93 |
+ 0.56 |
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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