OPEC crude basket closes lower
Posted on Mar 07 2014 | IANS
Vienna, March 7 : The basket of 12 crude oils of the Organisation of Petroleum Exporting Countries (OPEC) stood at USD 104.37 a barrel Thursday, compared to USD 105.24 Wednesday, according to the OPEC Secretariat.
The new OPEC reference basket comprises 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 (the United Arab Emirates) and Merey (Venezuela).
A barrel is equal to 159 litres.