AI Summary
OPEC revealed in its monthly report, issued Tuesday, changes in its crude oil prices during May and June 2025, which rose for the first time in five months.
Data showed that the OPEC basket crude oil price averaged $69.73 a barrel in June, up 9.6% (or $6.11) from $63.62 in May.
|
OPEC Basket Prices (May - June 2025) |
||||
|
Material |
Country |
May |
June |
Change (%) |
|
Arabian light |
Saudi Arabia |
65.00 |
70.83 |
+5.83 |
|
Basrah Medium |
Iraq |
63.23 |
69.24 |
+6.01 |
|
Bonny Light |
Nigeria |
64.55 |
71.73 |
+7.18 |
|
Es Sider |
Libya |
63.52 |
71.00 |
+7.48 |
|
Iran Heavy |
Iran |
63.25 |
69.13 |
+5.88 |
|
Kuwait Export |
Kuwait |
63.94 |
69.83 |
+5.89 |
|
Miri |
Venezuela |
51.73 |
56.86 |
+5.13 |
|
Murban |
UAE |
63.63 |
69.81 |
+6.18 |
|
Saharan Blend |
Algeria |
64.47 |
71.40 |
+6.93 |
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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