AI Summary
Logo of OPEC
The OPEC basket crude oil prices reversed their two-month uptrend and tumbled in August 2025.
OPEC Monthly Oil Market Report showed that the basket crude oil price averaged $69.73 a barrel in August, down 1.74% (or $1.24) from $70.97 a month earlier.
|
OPEC Basket Prices (July – August 2025) |
||||
|
Material |
Country |
November |
December |
Change |
|
Arabian Light |
Saudi Arabia |
72.17 |
71.40 |
(0.77) |
|
Basrah Medium |
Iraq |
70.58 |
69.60 |
(0.98) |
|
Bonny Light |
Nigeria |
71.97 |
70.27 |
(1.70) |
|
Es Sider |
Libya |
71.97 |
70.27 |
(1.70) |
|
Iran Heavy |
Iran |
70.81 |
69.18 |
(1.63) |
|
Kuwait Export |
Kuwait |
71.41 |
70.68 |
(0.73) |
|
Miri |
Venezuela |
58.14 |
56.22 |
(1.92) |
|
Murban |
UAE |
71.12 |
70.10 |
(1.02) |
|
Saharan Blend |
Algeria |
72.45 |
69.24 |
(3.21) |
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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