Economy

OPEC Daily Basket Price Closes at $49.54/b

Published

9 years ago

30/03/2017

By Modupe Gbadeyanka

The price of OPEC basket of thirteen crudes stood at $49.54 a barrel on Wednesday, compared with $48.84 the previous day, according to OPEC Secretariat calculations.

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).

Related Topics:OPEC

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Modupe Gbadeyanka

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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OPEC Daily Basket Price Closes at $49.54/b

Economy

OPEC Daily Basket Price Closes at $49.54/b

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