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OPEC daily basket price closes tad lower

Posted on May 02 2014 | IANS

Vienna, May 2 : The basket of 12 crude oils of the Organisation of Petroleum Exporting Countries (OPEC) stood at USD 103.77 a barrel Thursday, against USD 103.95 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.

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