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OPEC oil price increases

by June 21, 2016 Technology

OPEC oil basket’s price stood at $46.24 per barrel on June 21, or $2.06 more than on June 17, the cartel told Trend June 21.

The OPEC Reference Basket (ORB) is made up of the following oil brands: Saharan Blend (Algeria), Girassol (Angola), Oriente (Ecuador), 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).

Global oil prices are down on June 21.

Source: Trend