Here are the prices of various crude oil grades produced by OPEC member countries in July and August 2022.
The average price of OPEC’s crude basket during August 2022 was $101.90 per barrel, a $6.65 decrease compared to July 2022 price average of $108.55.
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 |
July 2022 |
August 2022 |
Change |
|
Arabian Light |
Saudi Arabia |
108.98 |
104.89 |
(4.09) |
|
Basrah Light |
Iraq |
105.36 |
97.66 |
(7.70) |
|
Bonny Light |
Nigeria |
117.58 |
106.08 |
(11.50) |
|
Es Sider |
Libya |
114.03 |
101.17 |
(12.86) |
|
Girassol |
Angola |
119.15 |
105.99 |
(13.16) |
|
Iran Heavy |
Iran |
107.63 |
102.24 |
(5.39) |
|
Kuwait Export |
Kuwait |
109.19 |
103.82 |
(5.37) |
|
Miri |
Venezuela |
84.72 |
80.03 |
(4.69) |
|
Murban |
UAE |
105.97 |
98.04 |
(7.93) |
|
Saharan Blend |
Algeria |
115.83 |
104.22 |
(11.61) |
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