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Logo of OPEC
OPEC revealed in its monthly report, issued Tuesday, changes in its crude oil prices during June and July 2025, which rose for the second consecutive month.
Data showed that the OPEC basket crude oil price averaged $70.97 a barrel in July, up 1.8% (or $1.24) from $69.73 in June.
|
OPEC Basket Prices (June - July 2025) |
||||
|
Material |
Country |
June |
July |
Change (%) |
|
Arabian light |
Saudi Arabia |
70.83 |
72.17 |
+1.34 |
|
Basrah Medium |
Iraq |
69.24 |
70.58 |
+1.34 |
|
Bonny Light |
Nigeria |
71.73 |
71.97 |
+0.24 |
|
Es Sider |
Libya |
71.00 |
71.05 |
+0.05 |
|
Iran Heavy |
Iran |
69.13 |
70.81 |
+1.68 |
|
Kuwait Export |
Kuwait |
69.83 |
71.41 |
+1.58 |
|
Miri |
Venezuela |
56.86 |
58.14 |
+1.28 |
|
Murban |
UAE |
69.81 |
71.12 |
+1.31 |
|
Saharan Blend |
Algeria |
71.40 |
72.45 |
+1.05 |
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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