OPEC daily basket price remains unchanged

Oil&Gas Materials 28 March 2018 12:48 (UTC +04:00)

Baku, Azerbaijan, March 28

By Leman Zeynalova – Trend:

The price of OPEC basket of fourteen crudes stood at $66.80 a barrel on March 27, remaining at the level recorded March 26, according to OPEC Secretariat calculations.

The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Oriente (Ecuador), Zafiro (Equatorial Guinea), Rabi Light (Gabon), 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 May futures of the North Sea Brent oil mix has decreased by 0.58 percent to $69.70 per barrel, while the price for April futures of West Texas Intermediate (WTI) oil dropped by 0.98 percent and stood at $64.61 per barrel as of 04:33 (EST), March 28.


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