UAE - Mubasher: The UAE Murban crude topped the global market's best crude oil in terms of quality and price during 2020, according to OPEC's statistics.
The average price of UAE Murban crude reached $42.98 per barrel, compared to the other prices in OPEC's crude basket that comprises 13 crude oil grades.
The UAE Murban is followed by Angola's Girassol with an average price of $42.64 per barrel and Algeria's Saharan Blend with an average price of $42.12.
Meanwhile, Saudi Arabia's Arab Light and Iraq's Basra Light registered an average price of $41.91 and $41.55 per barrel, respectively.
Prices of raw materials are determined based on their quality compared to standard materials such as Brent, West Texas, and Dubai Crude.