The price of Iranian oil is 89 dollars in November / an increase of 32 dollars in the last one year

According to the correspondent of Fars News Agency, the organization of crude oil exporting countries, OPEC, announced in its latest report that the average price per barrel of Iranian heavy oil in November 2022 (Aban 1401) decreased by 4 dollars and 48 cents compared to the previous month. It has reached $88.73.

Iranian oil was sold at $93.21 per barrel in October.

The average price of Iranian oil in the first 11 months of 2022 was $101.76 per barrel, which shows an increase of $32.44 compared to the same period of 2021. The average price of Iranian oil in the first 11 months of 2021 was $69.39 per barrel.

* $29 increase in the average price of Iranian oil in 2021

Iranian oil in 2021 has been sold at an average of 69.8 dollars. Meanwhile, the average price of Iranian oil in 2020 was $40.77 per barrel, which means that the average price of Iranian oil in 2021 has increased by $29 and 3 cents compared to 2020.

The average price of Iranian oil in 2019 is estimated at $61.85 per barrel.

According to this report, this figure was $67.97 and $49.60 per barrel in 2018 and 2017, respectively.
The price of Iranian oil in February 2020 (Bahman 98) had decreased by nearly 10 dollars. At the same time, most of the world, after China, was involved in the spread of the corona virus.

* The biggest price reduction for Saudi and Venezuelan oil

According to OPEC’s monthly report, the price of all types of oil in this group has decreased, and the biggest decrease was given to Saudi light oil and Venezuela’s Mary oil with 4 dollars and 62 cents.

* $3.89 decrease in OPEC oil basket price

The average price of the OPEC oil basket in November has decreased by 3 dollars and 89 cents compared to the previous month to reach 89.73 dollars per barrel. This figure for the OPEC oil basket in October was 93.62 dollars per barrel.
The average price of the OPEC oil basket in 2021 increased by $28.42 compared to the previous year.

* Saudi oil price drop of more than 4.5 dollars

The price of Saudi light oil also decreased by $4.62 to $91.85 per barrel.
The average Saudi oil price in 2021 also increased by $28.74 per barrel compared to the previous year.

* Reduction in the price of Brent oil and American crude oil

A barrel of North Sea Brent oil has been sold at an average of $91.10 this month, which has decreased by $2 and one cent compared to the previous month.

Each barrel of American crude oil also recorded a decrease of 3 dollars and 11 cents compared to last month and was traded at 84.15 dollars.

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