UAE crude “Murban” topped the list of the best crude oil in the global market in terms of quality and price during the year 2020, according to statistics issued by the Organization of Petroleum Exporting Countries “OPEC”.
The average price of Murban crude reached $ 42.98 a barrel, compared to OPEC crude prices of 13 crudes, reflecting the continued privileged position it enjoys by major consumers in the global market.
In addition to its unique chemical properties, the Emirati “Murban” crude is distinguished by its stable and stable production levels, which makes it the most popular among consumers. It is also the preferred crude by oil refineries around the world, specifically in the Asian continent.
The price list issued by the Organization of Petroleum Exporting Countries for the prices of the 13 ores that make up what is known as the basket of “OPEC” crude … that Gerasol crude from Angola came second in terms of the average price of $ 42.64 per barrel, followed by Sahara blend crude from Algeria, at $ 42.12 per barrel. Arab Light is $ 41.91 a barrel, and Iraqi Basra crude is $ 41.55. Then came the rest of the other raw materials.