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OPEC basket price stood at $81.06 a barrel on average in July, up 7.8% ($5.87), compared to $75.19 a barrel in June, according to OPEC Monthly Oil Market Report for June and July 2023.
|
OPEC basket price (June & July 2023) |
||||
|
Item |
Country |
June 2023 |
July 2023 |
Change |
|
Arab Light |
Saudi Arabia |
77.18 |
83.45 |
6.27+ |
|
Basrah Medium |
Iraq |
73.03 |
78.82 |
5.79+ |
|
Bonny Light |
Nigeria |
74.18 |
79.92 |
5.74+ |
|
Es Sider |
Libya |
74.23 |
79.69 |
5.46+ |
|
Girassol |
Angola |
76.30 |
82.09 |
5.79+ |
|
Iran Heavy |
Iran |
75.33 |
81.48 |
6.15+ |
|
Kuwait Export |
Kuwait |
76.44 |
82.39 |
5.95+ |
|
Merey |
Venezuela |
57.37 |
63.28 |
5.91+ |
|
Murban |
UAE |
75.52 |
80.78 |
5.26+ |
|
Rabi Light |
Algeria |
75.23 |
80.29 |
5.06+ |
Prices are determined in terms of quality, in line with other benchmarks like Brent, WTI and Dubai.
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