OPEC basket price stands at $53.85

 28 Feb 2017 - 20:14

OPEC basket price stands at $53.85
FILE PHOTO - A flag with the Organization of the Petroleum Exporting Countries (OPEC) logo is seen before a news conference at OPEC's headquarters in Vienna, Austria, December 10, 2016. REUTERS/Heinz-Peter Bader/File Photo


Vienna: The price of OPEC basket of thirteen crudes stood at USD 53.85 a barrel on Monday, compared with USD 53.61 the previous Friday, according to OPEC Secretariat calculations, released today.

The OPEC Reference Basket of Crudes (ORB) is made up of the following: Qatar Marine (Qatar), Arab Light (Saudi Arabia), Saharan Blend (Algeria), Girassol (Angola), Oriente (Ecuador), Rabi Light (Gabon), Iran Heavy (Islamic Republic of Iran), Basra Light (Iraq), Kuwait Export (Kuwait), Es Sider (Libya), Bonny Light (Nigeria), Murban (UAE) and Merey (Venezuela).