OPEC daily basket price stood at US$98.93 a barrel Tuesday 19 August 2014

The price of OPEC’s basket of twelve crudes stood at US$98.93 a barrel on Tuesday, compared with US$99.42 the previous day, calculations by the OPEC Secretariat, the executive organ of the Organization of the Petroleum Exporting Countries (OPEC), on Wednesday showed.

The new OPEC Reference Basket of Crudes (ORB) is made up of the following: Murban (UAE), Saharan Blend (Algeria), Girassol (Angola), Oriente (Ecuador), Iran Heavy (Iran), Basra Light (Iraq), Kuwait Export (Kuwait), Es Sider (Libya), Bonny Light (Nigeria), Qatar Marine (Qatar), Arab Light (Saudi Arabia) and Merey (Venezuela).

Source : WAM News Agency for United Arab Emirates