OPEC daily basket price closes lower
Vienna, May 21 : The basket of 12 crude oils of the Organisation of Petroleum Exporting Countries (OPEC) stood at $106.18 a barrel Tuesday, against $106.43 Monday, according to the OPEC Secretariat.
The new OPEC reference basket comprises Saharan Blend (Algeria), Girassol (Angola), Oriente (Ecuador), Iran Heavy (Iran), Basra Light (Iraq), Kuwait Export (Kuwait), Es Sider (Libya), Bonny Light (Nigeria), Qatar Marine (Qatar), Arab Light (Saudi Arabia), Murban (United Arab Emirates) and Merey (Venezuela). A barrel is equal to 159 litres. (IANS)