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OPEC oil up by $1.7

Oil&Gas Materials 16 February 2016 16:16 (UTC +04:00)
OPEC oil basket’s price stood at $28.44 per barrel on Feb. 15, or $1.7 more than on Feb. 12.
OPEC oil up by $1.7

Baku, Azerbaijan, Feb. 16

By Maksim Tsurkov - Trend:

OPEC oil basket's price stood at $28.44 per barrel on Feb. 15, or $1.7 more than on Feb. 12, the cartel told Trend Feb. 16.

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).

The price of the Brent Dated oil, produced from the North Sea, was $32.68 per barrel on Feb. 15, or $1.1 more than the previous price.

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Follow the author on Twitter: @MaksimTsurkov

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