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    Home » OPEC daily basket price close at $40.62/b

    OPEC daily basket price close at $40.62/b

    August 12, 2016
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    *The Organization of the Petroleum Exporting Countries, OPEC, headquarters in Vienna, Austria. REUTERS/Heinz-Peter Bader
    *The Organization of the Petroleum Exporting Countries, OPEC, headquarters in Vienna, Austria. REUTERS/Heinz-Peter Bader

    12 August 2016, Sweetcrude, Vienna, Austria — The price of OPEC basket of fourteen crudes stood at $40.62 a barrel on Thursday, compared with $40.57 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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