The average price of OPEC’s crude basket during June 2019 was $62.92 per barrel, a $7.05 decline compared to May 2019 price average of $69.97.
Here are the prices of various crude oil grades produced by OPEC member countries in May and June.
|
OPEC Basket Prices |
||||
|
Material |
Country |
May 2019 |
June 2019 |
Variation |
|
Arabian Light |
Saudi Arabia |
70.78 |
63.5 |
(7.33) |
|
Basrah Light |
Iraq |
69.77 |
62.74 |
(7.03) |
|
Bonny Light |
Nigeria |
72.24 |
65.59 |
(6.65) |
|
Es Sider |
Libya |
70.25 |
63.58 |
(6.67) |
|
Girassol |
Angola |
72.95 |
65.69 |
(7.26) |
|
Iran Heavy |
Iran |
67.86 |
60.88 |
(6.98) |
|
Kuwait Export |
Kuwait |
70.07 |
62.58 |
(7.49) |
|
Miri |
Venezuela |
59.15 |
53.98 |
(5.17) |
|
Murban |
UAE |
69.70 |
62.75 |
(6.95) |
|
Oriente |
Ecuador |
65.60 |
58.57 |
(7.03) |
|
Saharan Blend |
Algeria |
71.20 |
64.83 |
(6.37) |
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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