OPEC oil price down March 14
Baku, Azerbaijan, March 15
By Maksim Tsurkov - Trend:
OPEC oil basket's price stood at $34.74 per barrel on March 14, or $0.88 less than on March 11, the cartel told Trend March 15.
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 world oil prices decreased March 14 following the auction amid excess oil preservation.
The price for May futures of the North Sea Brent oil mix decreased by $0.45 - up to $39.08 per barrel, while the price of April futures for WTI oil decreased by $0.38 - up to $36.8 per barrel.