OPEC oil price down on July 14

Oil&Gas Materials 15 July 2016 14:10 (UTC +04:00)

Baku, Azerbaijan, July 15

By Aygun Badalova – Trend:

OPEC oil basket’s price stood at $42.88 per barrel on July 14, or $0.31 less than on July 13, the cartel has told Trend.

The OPEC Reference Basket (ORB) is made up of the following oil brands: Saharan Blend (Algeria), Girassol (Angola), Oriente (Ecuador), Rabi Light (Gabon), 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).

Oil prices are decreasing on July 15 as well.

The price for September futures of the North Sea Brent oil mix decreased by 0.18 percent to $47.06 per barrel, while the price for August futures of WTI oil decreased by 0.61 percent to $45.4 per barrel on July 15.


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