AI Summary
OPEC basket crude oil prices extended their three-month decline in December 2025.
The OPEC Monthly Oil Market Report showed that the basket averaged $61.74 a barrel last month, down 4.2% (or $2.72) from $64.46 in November.
|
OPEC Basket Prices (November – December 2025) |
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|
Material |
Country |
November |
December |
Change |
|
Arabian Light |
Saudi Arabia |
66.20 |
62.88 |
(3.32) |
|
Basrah Medium |
Iraq |
63.86 |
60.90 |
(2.96) |
|
Bonny Light |
Nigeria |
64.76 |
63.71 |
(1.05) |
|
Es Sider |
Libya |
63.43 |
62.74 |
(0.69) |
|
Iran Heavy |
Iran |
64.25 |
61.84 |
(2.41) |
|
Kuwait Export |
Kuwait |
65.20 |
61.19 |
(4.01) |
|
Miri |
Venezuela |
47.51 |
45.50 |
(2.01) |
|
Murban |
UAE |
65.53 |
63.02 |
(2.51) |
|
Saharan Blend |
Algeria |
64.38 |
63.44 |
(0.94) |
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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