Don’t miss the latest developments in business and finance.

OPEC daily basket price closes further lower

Image
IANS
Last Updated : Jul 16 2014 | 1:57 PM IST

Vienna, July 16 (IANS/WAM) The basket of 12 crude oils of the Organisation of Petroleum Exporting Countries (OPEC) stood at $103.65 a barrel Tuesday, against $104.14 Monday, according to OPEC Secretariat calculations.

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 equals 159 litres.

--IANS/WAM

ab/vt

More From This Section

First Published: Jul 16 2014 | 1:52 PM IST

Next Story