AI Summary
Logo of OPEC
OPEC revealed in its monthly report, issued today, Dec. 12, that its crude oil prices fell during November for the second consecutive month, following a significant drop in October.
Data showed that the OPEC basket crude oil price averaged $64.46 a barrel in November, down 1.1% (or $0.74) from $65.2 in October.
|
OPEC Basket Prices (October & November 2025) |
||||
|
Material |
Country |
October |
November |
Change (In USD) |
|
Arabian light |
Saudi Arabia |
66.88 |
66.20 |
(0.68) |
|
Basrah Medium |
Iraq |
65.04 |
63.86 |
(1.18) |
|
Bonny Light |
Nigeria |
65.53 |
64.76 |
(0.77) |
|
Es Sider |
Libya |
64.69 |
63.43 |
(1.26) |
|
Iran Heavy |
Iran |
64.74 |
64.25 |
(0.49) |
|
Kuwait Export |
Kuwait |
66.00 |
65.20 |
(0.80) |
|
Miri |
Venezuela |
48.56 |
47.51 |
(1.05) |
|
Murban |
UAE |
65.80 |
65.53 |
(0.27) |
|
Saharan Blend |
Algeria |
65.29 |
64.38 |
(0.91) |
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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