OPEC basket price drops to $109.39 per barrel

The basket price of Organisation of Petroleum Exporting Countries’ (OPEC’s) twelve crudes has dropped from $109.63 to $109.39 per barrel, at the weekend, according to OPEC Secretariat calculations.

The new OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Oriente (Ecuador), Iran Heavy (Islamic Republic of Iran), Basra Light (Iraq), Kuwait Export (Kuwait), Es Sider (Libya), Bonny Light (Nigeria), Qatar Marine (Qatar), Arab Light (Saudi Arabia), Murban (UAE) and Merey (Venezuela). Continue Reading

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