Here are OPEC July, August 2020 crude prices

The average price of OPEC’s crude basket during August 2020 was $45.19 per barrel, an increase of $1.77 month-on-month (MoM) from $43.42.

Here are the prices of various crude oil grades produced by OPEC member countries in July and August.

OPEC Basket Prices
Material	Country	July 2020	August 2020	Variation
Arabian Light	Saudi Arabia	43.52	45.33	+1.81
Basrah Light	Iraq	44.63	46.10	+1.47
Bonny Light	Nigeria	43.46	45.40	+1.94
Es Sider	Libya	42.17	43.69	+1.52
Girassol	Angola	45.78	45.83	+0.05
Iran Heavy	Iran	43.30	45.07	+1.77
Kuwait Export	Kuwait	43.31	45.08	+1.77
Miri	Venezuela	28.32	35.21	+6.89
Murban	UAE	43.73	45.49	+1.76
Saharan Blend	Algeria	44.12	45.64	+1.52

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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