Report

rss

Iraq News

Kurdistan

Economy

World

All News

Rising crude prices lifts ORB's price tag

Category: Economy

Date: 2021-06-15T10:51:03+0000
Rising crude prices lifts ORB's price tag

Shafaq News/ The OPEC reference basket price (ORB) jumped to nearly 72$/bbl driven by other crudes. 

Organization of the Petroleum Exporting Countries, OPEC, said in a statement received by Shafaq News Agency, "The price of OPEC basket of thirteen crudes increased by 68 cents to 71.99$ a barrel compared with $71.33 on Friday, according to OPEC Secretariat calculations."

The OPEC Reference Basket of Crudes is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), Zafiro (Equatorial Guinea), Rabi Light (Gabon), Iran Heavy (Islamic Republic of Iran), Basra Light (Iraq), Kuwait Export (Kuwait), Es Sider (Libya), Bonny Light (Nigeria), Arab Light (Saudi Arabia), Murban (UAE) and Merey (Venezuela).

related

Eight out of 13 countries increase oil production in My, OPEC says

Date: 2021-06-16 07:42:18
Eight out of 13 countries increase oil production in My, OPEC says

Nine out of 13 countries increased oil production in November, OPEC says

Date: 2021-12-14 08:11:13
Nine out of 13 countries increased oil production in November, OPEC says

OPEC presses on its members for compliance with oil cuts

Date: 2020-08-20 06:27:42
OPEC presses on its members for compliance with oil cuts

OPEC daily basket price stands at $104.90

Date: 2022-04-04 10:44:56
OPEC daily basket price stands at $104.90

ORB slightly slips

Date: 2021-04-06 10:08:57
ORB slightly slips

Iraq and Nigeria undermined OPEC's efforts

Date: 2020-11-03 11:38:21
Iraq and Nigeria undermined OPEC's efforts

OPEC Reference basket hits 71.45$/bbl

Date: 2021-09-01 11:12:47
OPEC Reference basket hits 71.45$/bbl

OPEC daily basket price stands at $120.16

Date: 2022-06-08 11:24:01
OPEC daily basket price stands at $120.16