News Shafaq/ Basra Light Price dropped Thursday, registering the highest price among OPEC members.

As for OPEC prices,

OPEC Members

Last

Oil price/barrel ($)

Iraq

Basra Light

75.21

Iraq

Basra Heavy

68.24

KSA

Arab Extra Light

74.44

Iran

Iran Heavy

70.22

UAE

Murban

74.18

Algeria

Saharan

75.19

Nigeria

Bonny light

74.64

Angola

Girasol

74.6

It is worth noting that Iraq decided last week to reduce the official selling price of Basra crude to Asia during October, $1.40 less than the September price.