The oil price of the Organization of the Petroleum Exporting Countries (OPEC) declined slightly to 75.46 dollars by midweek, according to data published Thursday on the cartel's website.
The group's basket price lost 0.29 dollars per barrel (159 litres) on Wednesday, DPA reported.
OPEC's 12 member countries provide over a third of global oil supplies.
OPEC oil price inches down to 75.46 dollars
See Also:
- OPEC: World oil demand growth to be weaker than expected due to economic concerns
- IEA revises down forecast on global oil demand
- OPEC downgrades forecast for Kazakhstan's oil production
- OPEC expects Azerbaijan’s oil production at 0.99 mln bpd in 2012
- JP Morgan: Global oil demand growth to be moderate in first half of 2012
