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OPEC daily basket price stood at $ 52.86 a barrel Thursday, 12 February 2015

Oil

Oil

The price of OPEC basket of twelve crudes stood at 52.86 dollars a barrel on Thursday, compared with $52.21 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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