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OPEC oil price decreases

Oil&Gas Materials 14 June 2016 12:03 (UTC +04:00)
OPEC oil basket’s price stood at $46.25 per barrel on June 13, or $0.8 less than on June 10.
OPEC oil price decreases

Baku, Azerbaijan, June 14

By Aygun Badalova - Trend:

OPEC oil basket's price stood at $46.25 per barrel on June 13, or $0.8 less than on June 10, the cartel told Trend June 14.

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 global markets on June 14.

The price for August futures of the North Sea Brent oil mix decreased by 0.79 percent - to $49.95 per barrel, while the price for July futures of the WTI oil decreased by 0.9 percent - to $48.44 per barrel on June 14.

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