OPEC basket price for Thursday, 25th August

VIENNA, 26th August, 2016 (WAM) –The average price of a basket of fourteen crudes from OPEC producers stood at US$45.28 a barrel on Thursday, compared with $45.25 the previous day, the Organisation of the Petroleum Exporting Countries said on Friday.

OPEC’s Reference Basket of Crudes (ORB) is made up of: Saharan Blend (Algeria), Girassol (Angola), Oriente (Ecuador), Rabi Light (Gabon), Minas (Indonesia), Iran Heavy, Basra Light (Iraq), Kuwait Export, Es Sider (Libya), Bonny Light (Nigeria), Qatar Marine, Arab Light (Saudi Arabia), Murban (UAE) and Merey (Venezuela).