Logo of OPEC
The average price of OPEC’s crude basket during May 2021 was $66.91 per barrel, a $3.67 increase, compared to April 2021 price average of $63.24.
Here are the prices of various crude oil grades produced by OPEC member countries in April and May 2021.
|
OPEC Basket Prices |
||||
|
Material |
Country |
April 2021 |
May 2021 |
Variation |
|
Arabian Light |
Saudi Arabia |
64.09 |
67.72 |
+3.63 |
|
Basrah Light |
Iraq |
63.48 |
66.96 |
+3.48 |
|
Bonny Light |
Nigeria |
64.17 |
67.61 |
+3.44 |
|
Es Sider |
Libya |
62.11 |
66.16 |
+4.05 |
|
Girassol |
Angola |
64.00 |
68.39 |
+4.39 |
|
Iran Heavy |
Iran |
63.00 |
66.72 |
+3.72 |
|
Kuwait Export |
Kuwait |
63.75 |
67.54 |
+3.79 |
|
Miri |
Venezuela |
46.16 |
49.13 |
+2.97 |
|
Murban |
UAE |
63.35 |
66.82 |
+3.47 |
|
Saharan Blend |
Algeria |
64.01 |
67.81 |
+3.80 |
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