Logo of OPEC
Here are the prices of various crude oil grades produced by OPEC member countries in November and December 2021.
The average price of OPEC’s crude basket during December 2021 was $75.49 per barrel, a $5.32 decrease, compared to $80.81 in November 2021.
|
OPEC Basket Prices (US$) |
||||
|
Material |
Country |
November, 2021 |
December 2021 |
Variation |
|
Arabian Light |
Saudi Arabia |
80.81 |
75.49 |
(5.32) |
|
Basrah Light |
Iraq |
79.62 |
74.09 |
(5.53) |
|
Bonny Light |
Nigeria |
80.73 |
74.43 |
(6.30) |
|
Es Sider |
Libya |
80.32 |
73.35 |
(6.97) |
|
Girassol |
Angola |
82.29 |
75.16 |
(7.13) |
|
Iran Heavy |
Iran |
80.50 |
74.68 |
(5.82) |
|
Kuwait Export |
Kuwait |
81.13 |
75.38 |
(5.75) |
|
Miri |
Venezuela |
61.21 |
54.89 |
(6.32) |
|
Murban |
UAE |
82.06 |
74.57 |
(7.49) |
|
Saharan Blend |
Algeria |
81.97 |
75.50 |
(6.47) |
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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