Here are the prices of various crude oil grades produced by OPEC member countries in February and March 2021.
The average price of OPEC’s crude basket during March 2021 was $64.56 per barrel, a $3.51 increase compared to the February 2021 average price of $61.05.
|
OPEC Basket Prices |
||||
|
Material |
Country |
February 2021 |
March 2021 |
Variation |
|
Arabian Light |
Saudi Arabia |
61.49 |
65.20 |
+ 3.71 |
|
Basrah Light |
Iraq |
61.40 |
65.17 |
+ 3.77 |
|
Bonny Light |
Nigeria |
62.24 |
65.57 |
+ 3.33 |
|
Es Sider |
Libya |
60.83 |
63.56 |
+ 2.73 |
|
Girassol |
Angola |
62.99 |
66.04 |
+ 3.05 |
|
Iran Heavy |
Iran |
60.66 |
64.30 |
+ 3.64 |
|
Kuwait Export |
Kuwait |
61.31 |
64.86 |
+ 3.55 |
|
Miri |
Venezuela |
42.87 |
46.47 |
+ 3.60 |
|
Murban |
UAE |
60.99 |
64.33 |
+ 3.34 |
|
Saharan Blend |
Algeria |
62.38 |
65.76 |
+ 3.38 |
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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