Business Standard

OPEC daily basket price slides over a dollar lower

Image

IANS

Vienna, Sep 11 (IANS/WAM) The basket of 12 crude oils of the Organisation of Petroleum Exporting Countries (OPEC) slid to $95.93 a barrel Wednesday -- more than a dollar lower than the $96.99 a barrel figure for Tuesday, the OPEC Secretariat said.

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/dg

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Sep 11 2014 | 1:50 PM IST

Explore News