OPEC daily basket price closes tad lower
Posted on Apr 04 2014 | IANS
Vienna, April 4 : The basket of 12 crude oils of the Organisation of Petroleum Exporting Countries (OPEC) stood at USD 101.57 a barrel Thursday, compared to USD 101.72 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 (United Arab Emirates) and Merey (Venezuela).
A barrel is equal to 159 litres.