The average price of OPEC’s crude basket during October 2018 was $ 79.39 per barrel, a $ 2.21 increase compared to September price average of $ 77.18.
Here are the prices of various crude oil grades produced by OPEC member countries in July and August.
|
OPEC Basket Prices |
||||
|
Material |
Country |
Sept. 2018 |
Oct. 2018 |
Variation |
|
Arabian Light |
Saudi Arabia |
78.16 |
80.02 |
+ 1.86 |
|
Basrah Light |
Iraq |
76.18 |
78.26 |
+ 2.08 |
|
Bonny Light |
Nigeria |
79.45 |
82.09 |
+ 2.64 |
|
Es Sider |
Libya |
77.10 |
79.62 |
+ 2.52 |
|
Girassol |
Angola |
79.48 |
82.24 |
+ 2.76 |
|
Iran Heavy |
Iran |
75.28 |
77.04 |
+ 1.76 |
|
Kuwait Export |
Kuwait |
76.82 |
78.56 |
+ 1.74 |
|
Qatar Marine |
Qatar |
76.45 |
78.89 |
+ 2.44 |
|
Miri |
Venezuela |
69.31 |
75.25 |
+ 5.94 |
|
Murban |
UAE |
78.75 |
81.28 |
+ 2.53 |
|
Oriente |
Ecuador |
74.12 |
75.48 |
+ 1.63 |
|
Saharan Blend |
Algeria |
79.55 |
81.12 |
+ 1.57 |
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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