A Review of the Nigerian Energy Industry

OPEC daily basket price stood at $89.37/b

8 October 2014, Sweetcrude, Vienna, Austria – The price of OPEC basket of twelve crudes stood at 89.37 dollars a barrel on Tuesday, compared with $90.40 the previous day, according to OPEC Secretariat calculations.

OPECThe new OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Oriente (Ecuador), 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).

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