Logo of OPEC
Here are the prices of various crude oil grades produced by OPEC member countries in November and December 2022.
The average price of OPEC’s crude basket during December 2022 was $79.68 per barrel, a $10.05 decrease compared to November 2022 price average of $89.73.
|
OPEC Basket Prices |
||||
|
Material |
Country |
November |
December |
Change |
|
Arabian Light |
Saudi Arabia |
91.58 |
82.44 |
(5.14) |
|
Basrah Light |
Iraq |
85.66 |
76.07 |
(9.59) |
|
Bonny Light |
Nigeria |
92.84 |
80.69 |
(12.15) |
|
Es Sider |
Libya |
91.25 |
77.53 |
(13.72) |
|
Girassol |
Angola |
92.76 |
78.69 |
(14.07) |
|
Iran Heavy |
Iran |
88.73 |
79.11 |
(9.62) |
|
Kuwait Export |
Kuwait |
90.13 |
80.46 |
(9.67) |
|
Miri |
Venezuela |
66.94 |
58.17 |
(8.77) |
|
Murban |
UAE |
90.90 |
80.17 |
(10.73) |
|
Saharan Blend |
Algeria |
93.60 |
83.03 |
(10.57) |
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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