OPEC oil price decreases

Oil&Gas Materials 28 July 2016 17:11 (UTC +04:00)

Baku, Azerbaijan, July 28

By Maksim Tsurkov – Trend:

OPEC oil basket’s price stood at $40.49 per barrel on July 27, or $0.13 less than on July 26, the cartel told Trend July 28.

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).

Global oil prices are varying on July 28.

The price for September futures of the North Sea Brent oil mix decreased by 0.23 percent to $43.37 per barrel, while the price for September futures of WTI oil increased by 0.07 percent to $41.95 per barrel as of 12:13 (GMT+4 hours) July 28.