A Review of the Nigerian Energy Industry

OPEC daily basket price at $62.44/b

OPEC headquarters
OPEC headquarters

11 May 2015, Sweetcrude, Vienna, Austria — The price of OPEC basket of twelve crudes stood at 62.44 dollars a barrel on Friday, compared with $63.98 the previous day, according to OPEC Secretariat calculations.

The 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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