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OPEC oil price increases

Oil&Gas Materials 23 September 2016 12:51 (UTC +04:00)
OPEC oil basket’s price stood at $43.27 per barrel on Sept. 22, or $0.73 more than on Sept. 21.
OPEC oil price increases

Baku, Azerbaijan, Sept. 23

By Azad Hasanli – Trend:

OPEC oil basket’s price stood at $43.27 per barrel on Sept. 22, or $0.73 more than on Sept. 21, the cartel told Trend Sept. 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).

Global oil prices are demonstrating negative dynamics on Sept. 23.

The price for November futures of the North Sea Brent oil mix decreased by 0.8 percent to $47.27 per barrel, while the price for November futures of WTI oil decreased by 1.12 percent to $45.8 per barrel as of 11:36 (GMT+4 hours) Sept. 23.

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