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Home Economy/Technology

OPEC daily basket price now at $123.21 per barrel

Oil

The Matters Press by The Matters Press
June 11, 2022
Reading Time: 1 min read
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Kenya hits the globe for oil investment

Oil

The price of the Organisation of the Petroleum Exporting Countries (OPEC) basket of 13 crude oil samples stood at 123.21 dollars per barrel Thursday.

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This is compared to 121.54 dollars per barrel recorded on Wednesday, OPEC Secretariat calculations reveals.

The OPEC Reference Basket of Crudes (ORB) is made up of the Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), Zafiro (Equatorial Guinea), Rabi Light (Gabon) and Iran Heavy (Islamic Republic of Iran).

Others are 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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