Here are the prices of various crude oil grades produced by OPEC member countries in June and July 2022.

 

The average price of OPEC’s crude basket during July 2022 was $108.55 per barrel, a $9.17 decrease compared to JUne 2022 price average of $117.72.

 

Prices of various raw materials are determined by their quality compared to standard materials such as Brent, West Texas and Dubai Crude.

 

OPEC Basket Prices

Material 

Country 

June 2022 

July 2022 

Change 

Arabian Light 

Saudi Arabia 

117.27

108.98 

(8.29)

Basrah Light 

Iraq 

115.56 

105.36 

(10.20)

Bonny Light 

Nigeria 

125.22

117.58 

(7.64)

Es Sider 

Libya 

124.96 

114.03 

(10.93)

Girassol 

Angola 

127.03 

119.15 

(7.88)

Iran Heavy 

Iran 

115.85

107.63

(8.22)

Kuwait Export 

Kuwait 

117.26

109.19 

(8.07)

Miri 

Venezuela 

92.25 

84.72 

(7.53)

Murban 

UAE 

117.53 

105.97 

(11.56)

Saharan Blend 

Algeria 

128.31 

115.83

(12.48)

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