OPEC\'s 12-crude basket price dropped on Wednesday by USD 1.75 to USD 116.96 pb, compared to USD 118.75 pb last Tuesday, the oil cartel said Thursday. It said in a statement that annual price average of OPEC crude last year was USD 77.45 pb. OPEC basket comprises Saharan Blend (Algeria), Girassol (Angola), Oriente (Ecuador), 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).
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Oil up on market rebalancing, but analysts warn OPEC must keep supply cutsMaintained and developed by Arabs Today Group SAL.
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Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©