AI Summary
Here are the prices of various crude oil grades produced by OPEC member countries in July and August 2022.
The average price of OPEC’s crude basket during August 2022 was $101.90 per barrel, a $6.65 decrease compared to July 2022 price average of $108.55.
Prices of various raw materials are determined by their quality compared to standard materials such as Brent, West Texas and Dubai Crude.
|
OPEC Basket Prices |
||||
|
Material |
Country |
July 2022 |
August 2022 |
Change |
|
Arabian Light |
Saudi Arabia |
108.98 |
104.89 |
(4.09) |
|
Basrah Light |
Iraq |
105.36 |
97.66 |
(7.70) |
|
Bonny Light |
Nigeria |
117.58 |
106.08 |
(11.50) |
|
Es Sider |
Libya |
114.03 |
101.17 |
(12.86) |
|
Girassol |
Angola |
119.15 |
105.99 |
(13.16) |
|
Iran Heavy |
Iran |
107.63 |
102.24 |
(5.39) |
|
Kuwait Export |
Kuwait |
109.19 |
103.82 |
(5.37) |
|
Miri |
Venezuela |
84.72 |
80.03 |
(4.69) |
|
Murban |
UAE |
105.97 |
98.04 |
(7.93) |
|
Saharan Blend |
Algeria |
115.83 |
104.22 |
(11.61) |
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