News

OPEC daily basket price closes lower

Posted on April 05, 2016 from United states ι Report #81756

Vienna, April 5 (IANS/WAM) The price of OPEC's basket of thirteen crudes slipped to $33.33 a barrel on Monday, from $34.47 last Friday, according to the OPEC Secretariat.

The OPEC Reference Basket of Crudes is made up of the following: Murban (UAE), Saharan Blend (Algeria), Girassol (Angola), Oriente (Ecuador), Minas (Indonesia), 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) and Merey (Venezuela). A barrel equals 159 litres.

--IANS/WAM

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