Published On: Sat, Feb 7th, 2015

OPEC daily basket price stood at $50.81

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The price of OPEC basket of twelve crudes stood at 50.81 dollars a barrel on Thursday, compared with $52.22 the previous day, 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).

Source : WAM News Agency for United Arab Emirates

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