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Here are the prices of various crude oil grades produced by OPEC member countries in October and November 2021.
The average price of OPEC’s crude basket during November 2021 was $80.37 per barrel, a $1.74 decrease compared to October 2021 price average of $82.11.
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 |
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|
Material |
Country |
October 2021 |
November, 2021 |
Variation |
|
Arabian Light |
Saudi Arabia |
82.77 |
80.81 |
(1.74) |
|
Basrah Light |
Iraq |
81.48 |
79.62 |
(1.86) |
|
Bonny Light |
Nigeria |
82.90 |
80.73 |
(2.17) |
|
Es Sider |
Libya |
81.59 |
80.32 |
(1.27) |
|
Girassol |
Angola |
84.47 |
82.29 |
(2.18) |
|
Iran Heavy |
Iran |
82.14 |
80.50 |
(1.64) |
|
Kuwait Export |
Kuwait |
82.74 |
81.13 |
(1.61) |
|
Miri |
Venezuela |
62.72 |
61.21 |
(1.51) |
|
Murban |
UAE |
82.73 |
82.06 |
(0.67) |
|
Saharan Blend |
Algeria |
83.54 |
81.97 |
(1.57) |
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