Logo of OPEC
The OPEC Reference Basket (ORB) rose for the first time in three months in October, up 1.2%, or $0.86, to average $74.45 per barrel, from $73.59 in September.
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OPEC Basket Prices (September-October 2024) |
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Material |
Country |
September |
October |
Change |
|
|
|
Arabian Light |
Saudi Arabia |
75.16 |
75.89 |
+0.73 |
|
|
|
Basrah Medium |
Iraq |
72.31 |
73.08 |
+0.77 |
|
|
|
Bonny Light |
Nigeria |
77.08 |
77.75 |
+0.67 |
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|
|
Es Sider |
Libya |
73.21 |
74.03 |
+0.82 |
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Iran Heavy |
Iran |
73.59 |
74.06 |
+0.47 |
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Kuwait Export |
Kuwait |
74.69 |
74.87 |
+0.18 |
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Miri |
Venezuela |
54.91 |
58.30 |
+3.39 |
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Murban |
UAE |
73.41 |
74.84 |
+1.43 |
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Saharan Blend |
Algeria |
76.21 |
77.53 |
+1.32 |
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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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