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OPEC daily basket price stood at $49.43 a barrel Wednesday, 17 May 2017


Vienna, Austria, 18 May 2017–The price of OPEC basket of thirteen crudes stood at $49.43 a barrel on Wednesday, compared with $49.71 the previous day, according to OPEC Secretariat calculations. (View Archives)

The OPEC Reference Basket of Crudes (ORB) is made up of the following: 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), Qatar Marine (Qatar), Arab Light (Saudi Arabia), Murban (UAE) and Merey (Venezuela).

Source: OPEC

By

Karl William

Editor

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