OPEC sets basket price for May, June 2023
13/07/2023
Argaam
Logo of OPEC
OPEC basket price stood at $75.19 a barrel on average in June, down 0.8% ($0.63), compared to $75.82 a barrel in May, according to OPEC Monthly Oil Market Report for May and June 2023.
|
OPEC basket price (May & June 2023) |
||||
|
Item |
Country |
May 2023 |
June 2023 |
Change |
|
Arab Light |
Saudi Arabia |
77.72 |
77.18 |
(0.54) |
|
Basrah Medium |
Iraq |
73.32 |
73.03 |
(0.29) |
|
Bonny Light |
Nigeria |
75.63 |
74.18 |
(1.45) |
|
Es Sider |
Libya |
75.32 |
74.23 |
(1.09) |
|
Girassol |
Angola |
77.20 |
76.30 |
(0.90) |
|
Iran Heavy |
Iran |
76.47 |
75.33 |
(1.14) |
|
Kuwait Export |
Kuwait |
77.42 |
76.44 |
(0.98) |
|
Merey |
Venezuela |
56.22 |
57.37 |
1.15 |
|
Murban |
UAE |
75.66 |
75.52 |
(0.14) |
|
Rabi Light |
Algeria |
76.42 |
75.23 |
(1.19) |
Prices are determined in terms of quality, in line with other benchmarks like Brent, WTI and Dubai.
Market Indices
Dubai
5,897.57
(9.63)
(0.16 %)
Abu Dhabi
9,960.24
(33.00)
(0.33 %)
TASI
10,542.23
(47.72)
(0.45 %)
Qatar
9,209.53
(49.77)
(0.54 %)
Kuwait
9,063.91
13.25
0.15 %
Muscat
7,828.06
39.92
0.51 %
Bahrain
1,898.90
(2.96)
(0.16 %)
Commodity Price
Brent Crude Oil
101.20
0.27
0.26%
Nymex
89.08
(1.16)
(1.29%)
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