OPEC's average basket price down for fourth time in 5 months
14/10/2024
Argaam
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The OPEC Reference Basket (ORB) declined for the fourth time in five months in September, falling 6.1%, or $4.82, to average $73.59 per barrel, from $78.41 in August.
|
OPEC Basket Prices (August & September 2024) |
||||
|
Material |
Country |
August |
September |
Change |
|
Arabian Light |
Saudi Arabia |
79.71 |
75.16 |
(4.55) |
|
Basrah Medium |
Iraq |
77.43 |
72.31 |
(5.12) |
|
Bonny Light |
Nigeria |
81.99 |
77.08 |
(4.91) |
|
Es Sider |
Libya |
80.22 |
73.21 |
(7.01) |
|
Iran Heavy |
Iran |
77.63 |
73.59 |
(4.04) |
|
Kuwait Export |
Kuwait |
78.80 |
74.69 |
(4.11) |
|
Miri |
Venezuela |
62.15 |
54.91 |
(7.24) |
|
Murban |
UAE |
77.92 |
73.41 |
(4.51) |
|
Saharan Blend |
Algeria |
81.72 |
76.21 |
(5.51) |
Prices of various raw materials are determined by their quality against standard materials such as Brent, West Texas, and Dubai Crude.
Market Indices
Dubai
5,976.58
35.35
0.60 %
Abu Dhabi
10,118.32
5.74
0.06 %
TASI
10,878.46
13.89
0.13 %
Qatar
9,823.93
(25.02)
(0.25 %)
Kuwait
9,317.90
12.34
0.13 %
Muscat
7,630.09
(16.55)
(0.22 %)
Bahrain
1,930.15
0.59
0.03 %
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