Here are OPEC’s crude price average for October, November

12/12/2018 Argaam

 

The average price of OPEC’s crude basket in November stood at $65.33 per barrel, $14.06 below the October average of $79.39.

 

Below are the average prices of crude grades produced by OPEC members for the two months:

 

OPEC Basket

Material

Country

Oct. 2018

Nov. 2018

Variation

Arabian Light

Saudi Arabia

80.02

66.36

(13.66)

Basrah Light

Iraq

78.26

64.12

(14.14)

Bonny Light

Nigeria

82.09

65.90

(16.19)

Es Sider

Libya

79.62

63.11

(16.51)

Girassol

Angola

82.24

65.66

(16.58)

Iran Heavy

Iran

77.04

62.83

(14.21)

Kuwait Export

Kuwait

78.56

65.15

(13.41)

Qatar Marine

Qatar

78.89

65.88

(13.01)

Miri

Venezuela

75.25

65.87

(9.38)

Murban

UAE

81.28

68.05

(13.23)

Oriente

Ecuador

75.48

59.76

(15.72)

Saharan Blend

Algeria

81.12

64.96

(16.16)

Prices of various raw materials are determined by their quality compared to standard materials such as Brent, West Texas and Dubai Crude.

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