1. You Are At:
  2. Home
  3. Business News
  4. OPEC crude basket closes lower

OPEC crude basket closes lower

Vienna :  The basket of 12 crude oils of the Organisation of Petroleum Exporting Countries (OPEC) stood at $106.10 a barrel Thursday, compared to $106.49 Wednesday, according to the OPEC Secretariat.The new OPEC reference basket

IANS [ Updated: March 01, 2014 7:40 IST ]
opec crude basket closes lower
opec crude basket closes lower

Vienna :  The basket of 12 crude oils of the Organisation of Petroleum Exporting Countries (OPEC) stood at $106.10 a barrel Thursday, compared to $106.49 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 (the United Arab Emirates), and Merey (Venezuela). A barrel is equal to 159 litres.

Promoted Content