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OPEC daily basket price closes lower

Posted on Apr 24 2014 | IANS

Vienna, April 24 : The basket of 12 crude oils of the Organisation of Petroleum Exporting Countries (OPEC) stood at USD 104.99 a barrel Wednesday, against USD 105.19 Tuesday, 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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