AI Summary
The average price of OPEC’s crude basket in November stood at $65.33 per barrel, $14.06 below the October average of $79.39.
Below are the average prices of crude grades produced by OPEC members for the two months:
|
OPEC Basket |
||||
|
Material |
Country |
Oct. 2018 |
Nov. 2018 |
Variation |
|
Arabian Light |
Saudi Arabia |
80.02 |
66.36 |
(13.66) |
|
Basrah Light |
Iraq |
78.26 |
64.12 |
(14.14) |
|
Bonny Light |
Nigeria |
82.09 |
65.90 |
(16.19) |
|
Es Sider |
Libya |
79.62 |
63.11 |
(16.51) |
|
Girassol |
Angola |
82.24 |
65.66 |
(16.58) |
|
Iran Heavy |
Iran |
77.04 |
62.83 |
(14.21) |
|
Kuwait Export |
Kuwait |
78.56 |
65.15 |
(13.41) |
|
Qatar Marine |
Qatar |
78.89 |
65.88 |
(13.01) |
|
Miri |
Venezuela |
75.25 |
65.87 |
(9.38) |
|
Murban |
UAE |
81.28 |
68.05 |
(13.23) |
|
Oriente |
Ecuador |
75.48 |
59.76 |
(15.72) |
|
Saharan Blend |
Algeria |
81.12 |
64.96 |
(16.16) |
Prices of various raw materials are determined by their quality compared to standard materials such as Brent, West Texas and Dubai Crude.
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