Logo of OPEC
The average price of OPEC’s crude basket during August 2021 was $70.33 per barrel, a $3.20 decrease compared to July 2021 price average of $73.53.
|
OPEC Basket Prices |
||||
|
Material |
Country |
July 2021 |
August 2021 |
Variation |
|
Arabian Light |
Saudi Arabia |
74.15 |
71.36 |
(2.79) |
|
Basrah Light |
Iraq |
73.40 |
70.39 |
(3.01) |
|
Bonny Light |
Nigeria |
75.37 |
71.23 |
(4.14) |
|
Es Sider |
Libya |
73.64 |
69.45 |
(4.19) |
|
Girassol |
Angola |
75.45 |
70.93 |
(4.52) |
|
Iran Heavy |
Iran |
72.98 |
70.34 |
(2.64) |
|
Kuwait Export |
Kuwait |
73.80 |
71.06 |
(2.74) |
|
Miri |
Venezuela |
54.49 |
51.76 |
(2.73) |
|
Murban |
UAE |
73.64 |
69.89 |
(3.75) |
|
Saharan Blend |
Algeria |
75.34 |
71.05 |
(4.29) |
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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