OPEC daily basket price close at $48.63/b

The logo of the Organization of the Petroleum Exporting Countries (OPEC) is pictured at its headquarters in Vienna, Austria, August 21, 2015. REUTERS/Heinz-Peter Bader

*The Organization of the Petroleum Exporting Countries, OPEC, headquarters, Vienna, Austria. REUTERS/Heinz-Peter Bader.

17 October 2016, Sweetcrude, Vienna, Austria — The price of OPEC basket of fourteen crudes stood at $48.63 a barrel on Friday, compared with $48.07 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), Rabi Light (Gabon), Minas (Indonesia), 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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