OPEC Daily Basket Price Reduces To $101.04 Per Barrel
The price of the Organisation of the Petroleum Exporting Countries (OPEC) basket of 13 crude oil samples stood at 101.04 dollars per barrel as of Wednesday, according to OPEC Secretariat calculations released by OPEC on Thursday.
This is compared with 106.41 dollars per barrel recorded on Tuesday.
The OPEC Reference Basket of Crudes (ORB) comprises Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), Zafiro (Equatorial Guinea), Rabi Light (Gabon) and Iran Heavy (Islamic Republic of Iran).
Others are Basrah Medium (Iraq), Kuwait Export (Kuwait), Es Sider (Libya), Bonny Light (Nigeria), Arab Light (Saudi Arabia), Murban (UAE) and Merey (Venezuela).