OPEC’s average crude basket price during September was $77.18 per barrel, a $4.92 increase compared to August’s average of $72.26.
Prices of various crudes are determined by their quality compared to standard materials such as Brent, West Texas and Dubai Crude.
|
OPEC Basket Prices (USD) |
||||
|
Material |
Country |
August 2018 |
September 2018 |
Variation |
|
Arab Light |
Saudi Arabia |
73.38 |
78.16 |
+4.78 |
|
Basra Light |
Iraq |
71.10 |
76.18 |
+5.08 |
|
Bonny Light |
Nigeria |
73.29 |
79.45 |
+6.16 |
|
Es Sider |
Libya |
70.74 |
77.10 |
+6.36 |
|
Girassol |
Angola |
73.20 |
79.48 |
+6.28 |
|
Iran Heavy |
Iran |
70.46 |
75.28 |
+4.82 |
|
Kuwait Export |
Kuwait |
71.82 |
76.82 |
+5.00 |
|
Qatar Marine |
Qatar |
72.45 |
76.45 |
+4.00 |
|
Merey |
Venezuela |
67.38 |
69.31 |
+1.93 |
|
Murban |
UAE |
74.91 |
78.75 |
+3.84 |
|
Oriente |
Ecuador |
69.39 |
74.12 |
+4.73 |
|
Saharan Blend |
Algeria |
72.64 |
79.55 |
+6.91 |
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