Premium Iraqi oil: OPEC's 3rd most expensive
Shafaq News/ Iraq recorded the third-highest average price for Arab crude oil among OPEC member states in April, according to data released by the Organization of the Petroleum Exporting Countries.
Iraqi crude averaged $68.64 per barrel during the month, following Saudi Arabia and Kuwait.
Saudi Arabia's Arab Light crude posted the highest average at $70.92 per barrel. Kuwaiti crude followed at $70.28. Algeria's Sahara Blend came in fourth at $67.95, the UAE's Murban crude ranked fifth at $67.73, and Libya's Es Sider placed sixth at $67.00.
The data also showed that the average price of Arab crude oils across OPEC dropped to $68.75 per barrel in April, down from $73.65 in March, marking a general decline in prices amid differences in grade and quality.
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