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    Home » OPEC daily basket oil price closes at $29.75 per barrel

    OPEC daily basket oil price closes at $29.75 per barrel

    May 27, 2020
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    *A soldier patrols in front of the headquarters of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna, Austria. REUTERS/Heinz-Peter Bader.

    Vienna, Austria — The price of OPEC basket of thirteen crudes stood at $29.75 a barrel on Tuesday, compared with $28.06 the previous Friday, according to OPEC Secretariat calculations.

    The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), Zafiro (Equatorial Guinea), Rabi Light (Gabon), Iran Heavy (Islamic Republic of Iran), Basra Light (Iraq), Kuwait Export (Kuwait), Es Sider (Libya), Bonny Light (Nigeria), Arab Light (Saudi Arabia), Murban (UAE) and Merey (Venezuela).

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