Free Press Journal

OPEC daily basket price closes higher


Oil Prices

Vienna: The basket of 12 crude oils of the Organisation of Petroleum Exporting Countries (OPEC) closed at $43.69 a barrel Friday, compared with $43.05 a barrel last Thursday, the OPEC secretariat said.

The OPEC reference basket of crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Oriente (Ecuador), Iran Heavy (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). One barrel of crude oil contains 159 litres.