...

OPEC oil price increases

Oil&Gas Materials 10 May 2016 16:23
OPEC oil basket's price stood at $40.76 per barrel on May 9, or $0.21 more than on May 6.
OPEC oil price increases

Baku, Azerbaijan, May 10

By Aygun Badalova - Trend:

OPEC oil basket's price stood at $40.76 per barrel on May 9, or $0.21 more than on May 6, the cartel told Trend May 10.

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).

World oil prices have stabilized on May 10 after a decline of more than 2.5 percent against the background of information on May 9 about the gradual resumption of oil output in Canada's oil fields.

The price for July futures of the North Sea Brent oil mix at London ICE Futures Europe Exchange increased by 0.2 percent - to $43.71 per barrel, while the price of June futures for WTI oil at New York Mercantile Exchange (NYMEX) decreased by 0.25 percent - to $43.33 per barrel on May 10.

Edited by SI

---

Follow the author on Twitter: @AygunBadalova

Tags:
Latest

Latest