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OPEC basket price stood at $84.13 per barrel on average in April, up by $5.68, compared to $78.45 per barrel in March, according to OPEC Monthly Oil Market Report for March, April 2023.
|
OPEC basket price (March & April 2023) |
||||
|
Item |
Country |
March 2023 |
April 2023 |
Change |
|
Arab Light |
Saudi Arabia |
80.26 |
85.65 |
+5.39 |
|
Basrah Medium |
Iraq |
75.33 |
81.75 |
+6.42 |
|
Bonny Light |
Nigeria |
79.24 |
85.94 |
+6.70 |
|
Es Sider |
Libya |
77.39 |
84.00 |
+6.61 |
|
Girassol |
Angola |
80.31 |
87.01 |
+6.70 |
|
Iran Heavy |
Iran |
78.80 |
84.58 |
+5.78 |
|
Kuwait Export |
Kuwait |
79.86 |
85.49 |
+5.63 |
|
Merey |
Venezuela |
75.25 |
62.58 |
+5.33 |
|
Murban |
UAE |
79.55 |
84.11 |
+4.56 |
|
Rabi Light |
Algeria |
80.29 |
85.40 |
+5.11 |
Prices are determined in terms of quality, in line with other benchmarks like Brent, WTI and Dubai.
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