Logo of OPEC
The OPEC Reference Basket (ORB) declined for the fourth time in four months in September, falling 6.1%, or $4.82, to average 73.59 per barrel, from $78.41 in August.
|
OPEC Basket Prices (August & September 2024) |
||||
|
Material |
Country |
August |
September |
Change |
|
Arabian Light |
Saudi Arabia |
79.71 |
75.16 |
(4.55) |
|
Basrah Medium |
Iraq |
77.43 |
72.31 |
(5.12) |
|
Bonny Light |
Nigeria |
81.99 |
77.08 |
(4.91) |
|
Es Sider |
Libya |
80.22 |
73.21 |
(7.01) |
|
Iran Heavy |
Iran |
77.63 |
73.59 |
(4.04) |
|
Kuwait Export |
Kuwait |
78.80 |
74.69 |
(4.11) |
|
Miri |
Venezuela |
62.15 |
54.91 |
(7.24) |
|
Murban |
UAE |
77.92 |
73.41 |
(4.51) |
|
Saharan Blend |
Algeria |
81.72 |
76.21 |
(5.51) |
Prices of various raw materials are determined by their quality against standard materials such as Brent, West Texas, and Dubai Crude.
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