OPEC oil price goes up

Oil&Gas Materials 1 July 2016 11:47 (UTC +04:00)

Baku, Azerbaijan, July 1

By Maksim Tsurkov – Trend:

OPEC oil basket’s price stood at $46.27 per barrel on June 30, or $0.45 more than on June 29, the cartel told Trend July 1.

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).

Global oil prices have increased on July 1.

The price for September futures of the North Sea Brent oil mix increased by 0.8 percent – up to $50.11 per barrel, while the price of August futures for WTI oil increased by 0.68 percent – up to $48.66 per barrel July 1 as of 11:05 (UTC/GMT+4 hours).


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