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OPEC daily basket price closes slightly higher

Posted on Mar 17 2014 | IANS

Vienna, March 17 : The basket of 12 crude oils of the Organisation of Petroleum Exporting Countries (OPEC) stood at USD 103.83 a barrel Friday, compared to USD 103.71 last Thursday, 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.

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