Here are OPEC July, August crude prices

Logo of OPEC

OPEC basket price stood at an average of $87.33 a barrel in August, up 7.7% ($6.27) from $81.06 per barrel in July, according to OPEC Monthly Oil Market Report for July and August 2023.

 

Here are the prices of various crude oil grades, produced by OPEC member countries in the past two months:

 

OPEC Basket Prices (July-August 2023)

Material

Country

July 2023

August 2023

Change

Arabian Light

Saudi Arabia

83.45

89.55

6.10+

Basrah Light

Iraq

78.82

85.38

6.56+

Bonny Light

Nigeria

79.92

86.52

6.60+

Es Sider

Libya

79.69

86.39

6.70+

Girassol

Angola

82.09

89.05

6.96+

Iran Heavy

Iran

81.48

87.58

6.10+

Kuwait Export

Kuwait

82.39

88.77

6.38+

Miri

Venezuela

63.28

68.48

5.20+

Murban

UAE

80.78

87.24

6.46+

Saharan Blend

Algeria

80.29

86.69

6.40+

 

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

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Commodity Price

 
Brent Crude Oil
66.63
(1.11) (1.66%)
Nymex
63.45
(1.24) (1.93%)

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