AI Summary
Logo of OPEC
The OPEC basket crude oil prices averaged $65.20 per barrel in October, marking a 7.3% decline (-$5.19) from $70.39 in September.
|
OPEC Basket Prices (September – October 2025) |
||||
|
Material |
Country |
August |
September |
Change |
|
Arabian Light |
Saudi Arabia |
72.62 |
66.88 |
(5.74) |
|
Basrah Medium |
Iraq |
70.40 |
65.04 |
(5.36) |
|
Bonny Light |
Nigeria |
69.44 |
65.53 |
(3.91) |
|
Es Sider |
Libya |
67.85 |
64.69 |
(3.16) |
|
Iran Heavy |
Iran |
69.81 |
64.74 |
(5.07) |
|
Kuwait Export |
Kuwait |
72.16 |
66.00 |
(6.16) |
|
Miri |
Venezuela |
55.29 |
48.56 |
(6.73) |
|
Murban |
UAE |
70.22 |
65.80 |
(4.42) |
|
Saharan Blend |
Algeria |
68.95 |
65.29 |
(3.66) |
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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