Baku, Azerbaijan, Nov.14
By Leman Zeynalova – Trend:
The price of OPEC basket of fourteen crudes stood at $41.54 a barrel on Nov.11, compared with $42.67 the previous day, according to the cartel’s website.
The new OPEC Reference Basket of Crudes (ORB) is made up of the following: 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 have changed little on Nov.14.
London Brent crude for January delivery was trading up 4 cents at $44.79 a barrel by 07:38 GMT, after settling down $1.09 on Nov.11.
NYMEX crude for December delivery was down 5 cents at $43.36 a barrel.