OPEC daily basket price closes slightly higher
Posted on Apr 11 2014 | IANS
Vienna, April 11 : The basket of 12 crude oils of the Organisation of Petroleum Exporting Countries (OPEC) stood at USD 104.33 a barrel Thursday, compared to USD 104.22 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.