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OPEC daily basket price closes a little lower

Posted on Mar 25 2014 | IANS

Vienna, March 25 : The basket of 12 crude oils of the Organisation of Petroleum Exporting Countries (OPEC) stood at USD 103.13 a barrel Monday, compared to USD 103.30 last Friday, 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 (United Arab Emirates) and Merey (Venezuela).

A barrel is equal to 159 litres.

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