The average price of OPEC’s crude basket during March 2019 was $66.37 per barrel, a $2.54 rise compared to February 2019 price average of $63.83.
Here are the prices of various crude oil grades produced by OPEC member countries in February and March.
|
OPEC Basket Prices |
||||
|
Material |
Country |
Feb. 2019 |
March 2019 |
Variation |
|
Arabian Light |
Saudi Arabia |
64.85 |
67.40 |
+ 2.55 |
|
Basrah Light |
Iraq |
63.25 |
66.05 |
+ 2.80 |
|
Bonny Light |
Nigeria |
65.19 |
67.71 |
+ 2.52 |
|
Es Sider |
Libya |
63.15 |
65.38 |
+ 2.23 |
|
Girassol |
Angola |
65.30 |
67.16 |
+ 1.86 |
|
Iran Heavy |
Iran |
61.39 |
64.17 |
+ 2.78 |
|
Kuwait Export |
Kuwait |
63.93 |
66.78 |
+ 2.85 |
|
Miri |
Venezuela |
65.64 |
57.75 |
+ 1.90 |
|
Murban |
UAE |
60.42 |
68.01 |
+ 2.37 |
|
Oriente |
Ecuador |
64.30 |
63.66 |
+ 3.24 |
|
Saharan Blend |
Algeria |
64.85 |
66.38 |
+ 2.08 |
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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