Thursday, 28 July 2016

OPEC daily basket price closes lower

The price of OPEC's basket of 14 crudes slipped to $40.49 a barrel on Wednesday, compared to $40.62 on Tuesday, according to the #OPEC Secretariat.

opec-daily-basket-price-closes-lowerThe 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.
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