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Home Foreign

OPEC daily basket price closes at $121.54 per barrel

OPEC

The Matters Press by The Matters Press
June 9, 2022
Reading Time: 1 min read
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Chamber wants to cut production

OPEC

The price of the Organisation of the Petroleum Exporting Countries (OPEC) basket of 13 crude oil samples stood at $121.54 per barrel as of Wednesday.

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This is compared with $120.16 per barrel recorded on Tuesday, according to OPEC Secretariat calculations.

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

Others are 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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