OPEC Daily Basket Price Now $86.54 Per Barrel

OPEC Secretary-General, Mohammed Barkindo / Photo credit: DailyPost

The price of the Organisation of the Petroleum Exporting Countries (OPEC) basket of 13 crude oil samples stood at $86.54 per barrel as at Monday, January 17.

This is compared with $85.46 per barrel of the previous Friday, according to OPEC Secretariat calculations obtained by the News Agency of Nigeria (NAN), Abuja as released by OPEC on Tuesday.

The OPEC Reference Basket of Crudes (ORB), introduced on June 16, 2005 is currently made up of the Saharan Blend (Algeria), Girassol (Angola), Bonny Light (Nigeria), Djeno (Congo) and Zafiro (Equatorial Guinea).

Others include Rabi Light (Gabon), Iran Heavy (Islamic Republic of Iran), Basra Light (Iraq), Kuwait Export (Kuwait), Es Sider (Libya), Arab Light (Saudi Arabia), Murban (UAE) and Merey (Venezuela).

(NAN)

Related posts

Oyo State Government Approves N45m For Control Of HIV/AIDS

Wike Vows Not To Allow Blackmail, Protests Distract Him

How NCC, National Security Adviser Averted Telecom Crisis