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OPEC daily basket price closes lower

Posted on Mar 21 2014 | IANS

Vienna, March 21 : The basket of 12 crude oils of the Organisation of Petroleum Exporting Countries (OPEC) stood at USD 102.37 a barrel Thursday, compared to USD 103.16 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.

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