Logo of OPEC
OPEC revealed in its monthly report, issued Tuesday, changes in its crude oil prices during June and July 2025, which rose for the second consecutive month. 
Data showed that the OPEC basket crude oil price averaged $70.97 a barrel in July, up 1.8% (or $1.24) from $69.73 in June.
OPEC Basket Prices (June – July 2025)
Material
Country
June
July
Change (%)
Arabian light
Saudi Arabia
74.47
74.56
+0.09
Basrah Medium
Iraq
71.73
71.87
+0.14
Bonny Light
Nigeria
75.38
74.22
(1.16)
Es Sider
Libya
72.00
71.90
(0.10)
Iran Heavy
Iran
72.81
73.00
+0.19
Kuwait Export
Kuwait
73.56
73.70
+0.14
Miri
Venezuela
59.58
61.13
+1.55
Murban
UAE
72.81
73.35
+0.54
Saharan Blend
Algeria
74.90
74.60
(0.30)
Prices of various raw materials are determined by their quality against standard materials such as Brent, West Texas, and Dubai Crude.
Logo of OPEC
OPEC revealed in its monthly report, issued Tuesday, changes in its crude oil prices during June and July 2025, which rose for the second consecutive month.
Data showed that the OPEC basket crude oil price averaged $70.97 a barrel in July, up 1.8% (or $1.24) from $69.73 in June.
OPEC Basket Prices (June – July 2025)
Material
Country
June
July
Change (%)
Arabian light
Saudi Arabia
74.47
74.56
+0.09
Basrah Medium
Iraq
71.73
71.87
+0.14
Bonny Light
Nigeria
75.38
74.22
(1.16)
Es Sider
Libya
72.00
71.90
(0.10)
Iran Heavy
Iran
72.81
73.00
+0.19
Kuwait Export
Kuwait
73.56
73.70
+0.14
Miri
Venezuela
59.58
61.13
+1.55
Murban
UAE
72.81
73.35
+0.54
Saharan Blend
Algeria
74.90
74.60
(0.30)
Prices of various raw materials are determined by their quality against standard materials such as Brent, West Texas, and Dubai Crude.
