OPEC daily basket price closes at same level
Posted on May 08 2014 | IANS
Vienna, May 8 : The basket of 12 crude oils of the Organization of Petroleum Exporting Countries (OPEC) stood at USD103.69 a barrel Wednesday, unchanged from 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.