The average price of OPEC’s crude basket during July 2019 stood at $64.71 per barrel, a $1.79 rise compared to the previous month price average of $62.92.
Here are the prices of various crude oil grades produced by OPEC member countries in June and July 2019.
|
OPEC Basket Prices |
||||
|
Material |
Country |
June 2019 |
July 2019 |
Variation |
|
Arabian Light |
Saudi Arabia |
63.45 |
65.61 |
2.16 |
|
Basrah Light |
Iraq |
62.74 |
64.39 |
1.65 |
|
Bonny Light |
Nigeria |
65.59 |
65.95 |
0.36 |
|
Es Sider |
Libya |
63.58 |
63.36 |
(0.22) |
|
Girassol |
Angola |
65.69 |
65.98 |
0.29 |
|
Iran Heavy |
Iran |
60.88 |
62.65 |
1.77 |
|
Kuwait Export |
Kuwait |
62.58 |
64.90 |
2.32 |
|
Miri |
Venezuela |
53.98 |
61.84 |
7.86 |
|
Murban |
UAE |
62.75 |
64.86 |
2.11 |
|
Oriente |
Ecuador |
58.57 |
61.46 |
2.89 |
|
Saharan Blend |
Algeria |
64.83 |
63.92 |
(0.91) |
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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