These were OPEC's crude prices in April, May

16/06/2019 Argaam

 

The average price of OPEC’s crude basket during May 2019 was $69.97 per barrel, a $0.81 decline compared to April 2019 price average of $70.78.

 

Here are the prices of various crude oil grades produced by OPEC member countries in April and May.

 

OPEC Basket Prices

Material

Country

April 2019

May 2019

Variation

Arabian Light

Saudi Arabia

71.88

70.78

(1.10)

Basrah Light

Iraq

70.45

69.77

(0.68)

Bonny Light

Nigeria

72.81

72.24

(0.57)

Es Sider

Libya

70.45

70.25

(0.20)

Girassol

Angola

72.88

72.95

(0.07)

Iran Heavy

Iran

68.52

67.86

(0.66)

Kuwait Export

Kuwait

71.20

70.07

(1.13)

Miri

Venezuela

58.95

59.15

+ 0.20

Murban

UAE

71.51

69.70

(1.81)

Oriente

Ecuador

67.61

65.60

(2.01)

Saharan Blend

Algeria

71.15

71.20

+ 0.05

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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