The average price of OPEC’s crude basket last month was $60.74 per barrel, a $5.24 increase compared to October average of $50.55, according to the producer group’s latest monthly report.
The following table shows prices of various crude oil grades produced by OPEC member countries in October and November 2017.
|
OPEC Basket Prices |
||||
|
Crude Grade |
Country |
October 2017 |
November 2017 |
Variation |
|
Arab Light |
Saudi Arabia |
55.73 |
61.08 |
+ 5.35 |
|
Basra Light |
Iraq |
55.02 |
60.21 |
+ 5.19 |
|
Bonny Light |
Nigeria |
57.97 |
63.29 |
+ 5.32 |
|
Es Sider |
Libya |
56.48 |
61.58 |
+ 5.10 |
|
Girassol |
Angola |
57.88 |
62.97 |
+ 5.09 |
|
Iran Heavy |
Iran |
54.29 |
59.27 |
+ 4.98 |
|
Kuwait Export |
Kuwait |
54.50 |
59.58 |
+ 5.08 |
|
Qatar Marine |
Qatar |
55.14 |
60.47 |
+ 5.33 |
|
Miri |
Venezuela |
50.70 |
55.86 |
+ 5.16 |
|
Murban |
UAE |
57.39 |
62.76 |
+ 5.37 |
|
Oriente |
Ecuador |
53.77 |
59.23 |
+ 5.46 |
|
Saharan Blend |
Algeria |
57.88 |
63.23 |
+ 5.35 |
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