Logo of OPEC
OPEC basket crude oil price averaged $89.12 a barrel in April, up 5.8%, or $4.90, from $84.22 in March, surging for the fourth straight month, according to OPEC Monthly Oil Market Report for March and April.
Here are the prices of various crude oil grades, produced by OPEC member countries in the past two months:
|
OPEC Basket Prices (March-April 2024) |
||||
|
Material |
Country |
March |
April |
Change |
|
Arabian Light |
Saudi Arabia |
85.61 |
90.64 |
5.03+ |
|
Basrah Light |
Iraq |
82.13 |
87.01 |
4.88+ |
|
Bonny Light |
Nigeria |
87.86 |
93.17 |
5.31+ |
|
Es Sider |
Libya |
85.34 |
89.34 |
4.00+ |
|
Iran Heavy |
Iran |
83.48 |
88.79 |
5.31+ |
|
Kuwait Export |
Kuwait |
84.43 |
89.76 |
5.33+ |
|
Miri |
Venezuela |
70.98 |
74.91 |
3.93+ |
|
Murban |
UAE |
84.52 |
89.19 |
4.67+ |
|
Saharan Blend |
Algeria |
87.54 |
90.79 |
3.25+ |
Prices of various raw materials are determined by their quality against standard materials such as Brent, West Texas and Dubai Crude.
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