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Home Natural Resources

OPEC daily basket price now $86.54 per barrel

OPEC

The Matters Press by The Matters Press
January 19, 2022
Reading Time: 1 min read
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Chamber wants to cut production

OPEC

OPEC

The price of the Organisation of the Petroleum Exporting Countries (OPEC) basket of 13 crude oil samples stood at $86.54 per barrel as at Monday, Jan. 17.

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This is compared with $85.46 per barrel of the previous Friday, according to OPEC Secretariat calculations released by OPEC on Tuesday.

The OPEC Reference Basket of Crudes (ORB), introduced on June 16, 2005 is currently made up of the Saharan Blend (Algeria), Girassol (Angola), Bonny Light (Nigeria), Djeno (Congo) and Zafiro (Equatorial Guinea).

Others include Rabi Light (Gabon), Iran Heavy (Islamic Republic of Iran), Basra Light (Iraq), Kuwait Export (Kuwait), Es Sider (Libya), Arab Light (Saudi Arabia), Murban (UAE) and Merey (Venezuela).

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