AI Summary
The OPEC Reference Basket (ORB) declined for the third successive month in April, falling 6.8%, or $5.02, to average 68.98 per barrel, from $74 in March.
|
OPEC Basket Prices (March-April 2025) |
||||
|
Material |
Country |
March |
April |
Change (%) |
|
Arabian light |
Saudi Arabia |
76.07 |
70.92 |
(5.15) |
|
Basrah Medium |
Iraq |
73.82 |
68.64 |
(5.18) |
|
Bonny Light |
Nigeria |
73.59 |
68.48 |
(5.11) |
|
Es Sider |
Libya |
71.19 |
67.00 |
(4.19) |
|
Iran Heavy |
Iran |
74.76 |
69.73 |
(5.03) |
|
Kuwait Export |
Kuwait |
75.36 |
70.28 |
(5.08) |
|
Miri |
Venezuela |
61.10 |
56.72 |
(4.38) |
|
Murban |
UAE |
72.63 |
67.73 |
(4.90) |
|
Saharan Blend |
Algeria |
72.84 |
67.95 |
(4.89) |
Prices of various raw materials are determined based on their quality against standard materials such as Brent, West Texas, and Dubai Crude.
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