The average price of OPEC’s crude basket last month stood at $63.48 per barrel, a $3.37 decline compared to January average of $66.85, according to the producer group’s latest monthly report.
Here are the prices of various crude oil grades produced by OPEC member countries in January and February.
|
OPEC Basket Prices |
||||
|
Crude Grade |
Country |
January 2018 |
February 2018 |
Variation |
|
Arab Light |
Saudi Arabia |
67.42 |
64.03 |
(3.39) |
|
Basra Light |
Iraq |
66.11 |
62.31 |
(3.80) |
|
Bonny Light |
Nigeria |
69.92 |
66.02 |
(3.90) |
|
Es Sider |
Libya |
68.23 |
64.36 |
(3.87) |
|
Girassol |
Angola |
69.77 |
66.09 |
(3.68) |
|
Iran Heavy |
Iran |
65.85 |
62.27 |
(3.58) |
|
Kuwait Export |
Kuwait |
65.74 |
62.14 |
(3.60) |
|
Qatar Marine |
Qatar |
66.36 |
63.14 |
(3.22) |
|
Miri |
Venezuela |
59.14 |
57.68 |
(1.46) |
|
Murban |
UAE |
68.81 |
65.88 |
(2.93) |
|
Oriente |
Ecuador |
63.53 |
60.28 |
(3.25) |
|
Saharan Blend |
Algeria |
69.93 |
66.01 |
(3.92) |
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