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OPEC oil price decreases

Oil&Gas Materials 13 June 2016 14:34 (UTC +04:00)
OPEC oil basket’s price stood at $47.05 per barrel on June 10, or $0.97 less than on June 9.
OPEC oil price decreases

Baku, Azerbaijan, June 13

By Aygun Badalova - Trend:

OPEC oil basket's price stood at $47.05 per barrel on June 10, or $0.97 less than on June 9, the cartel has told Trend.

OPEC oil basket's average price was $37.86 per barrel in April, $43.21 per barrel in May, and $46.54 per barrel in June.

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

Oil prices are down on June 13.

The price for August futures of the North Sea Brent oil mix decreased by 1.21 percent - to $49.93 per barrel, while the price for futures of the WTI oil decreased by 1.3 percent - to $48.43 per barrel on June 13.

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