Logo of OPEC
Here are the prices of various crude oil grades produced by OPEC member countries in December 2021 and January 2022.
The average price of OPEC’s crude basket during January 2021 was $85.41 per barrel, a $11.03 increase compared to December 2021 price average of $74.38.
|
OPEC Basket Prices |
||||
|
Material |
Country |
December 2021 |
January 2022 |
Variation |
|
Arabian Light |
Saudi Arabia |
75.49 |
86.15 |
+10.66 |
|
Basrah Light |
Iraq |
74.09 |
84.88 |
+10.79 |
|
Bonny Light |
Nigeria |
74.43 |
86.85 |
+12.42 |
|
Es Sider |
Libya |
73.35 |
86.16 |
+12.81 |
|
Girassol |
Angola |
75.16 |
88.28 |
+13.12 |
|
Iran Heavy |
Iran |
74.68 |
85.59 |
+10.91 |
|
Kuwait Export |
Kuwait |
75.38 |
86.28 |
+10.90 |
|
Miri |
Venezuela |
54.89 |
63.58 |
+8.69 |
|
Murban |
UAE |
74.57 |
85.11 |
+10.54 |
|
Saharan Blend |
Algeria |
75.50 |
88.21 |
+12.71 |
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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