AI Summary
Here are the prices of various crude oil grades produced by OPEC member countries in April and May 2022.
The average price of OPEC’s crude basket during May was $113.87 per barrel, a $8.23 increase compared to April 2022 price average of $105.64.
|
OPEC Basket Prices |
||||
|
Material |
Country |
April, 2022 |
May, 2022 |
Change |
|
Arabian Light |
Saudi Arabia |
107.24 |
116.44 |
+9.20 |
|
Basrah Light |
Iraq |
104.63 |
111.91 |
+7.28 |
|
Bonny Light |
Nigeria |
106.39 |
115.07 |
+8.68 |
|
Es Sider |
Libya |
104.42 |
113.18 |
+8.76 |
|
Girassol |
Angola |
105.28 |
113.95 |
+8.67 |
|
Iran Heavy |
Iran |
106.28 |
115.48 |
+9.20 |
|
Kuwait Export |
Kuwait |
107.46 |
116.82 |
+9.36 |
|
Miri |
Venezuela |
83.40 |
88.07 |
+7.67 |
|
Murban |
UAE |
104.48 |
109.97 |
+5.49 |
|
Saharan Blend |
Algeria |
109.37 |
115.28 |
+5.91 |
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