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OPEC oil price decreases

Oil&Gas Materials 23 August 2016 12:39 (UTC +04:00)
OPEC oil basket’s price stood at $46.04 per barrel on Aug, 22, or $0.78 less than on Aug. 19.
OPEC oil price decreases

Baku, Azerbaijan, Aug. 23

By Anvar Mammadov – Trend:

OPEC oil basket’s price stood at $46.04 per barrel on Aug, 22, or $0.78 less than on Aug. 19, the cartel told Trend Aug. 23.

The OPEC Reference Basket (ORB) is made up of the following oil brands: Saharan Blend (Algeria), Girassol (Angola), Oriente (Ecuador), Rabi Light (Gabon), 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 demonstrating negative dynamics on Aug. 23.

The price for October futures of the North Sea Brent oil mix decreased by 0.67 percent to $48.83 per barrel, while the price for September futures of WTI oil decreased by 0.93 percent to $46.97 per barrel as of 11:35 (GMT+4 hours) Aug. 23.

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