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OPEC oil price increases

Oil&Gas Materials 28 September 2016 17:41 (UTC +04:00)
OPEC oil basket’s price stood at $42.3 per barrel on Sept. 27, or $0.14 more than on Sept. 26, the cartel told Trend Sept. 28.
OPEC oil price increases

Baku, Azerbaijan, Sept. 28

By Maksim Tsurkov – Trend:

OPEC oil basket’s price stood at $42.3 per barrel on Sept. 27, or $0.14 more than on Sept. 26, the cartel told Trend Sept. 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).

The price for December futures of the North Sea Brent oil mix increased by 0.41 percent to $46.16 per barrel, while the price for November futures of WTI oil increased by 0.31 percent to $44.81 per barrel as of 11:08 (GMT+4) Sept. 28.

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Follow the author on Twitter: @MaksimTsurkov

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