The price of OPEC basket of twelve crudes stood at US$43.05 a barrel on Thursday, 22 January, compared with US$43.25 the previous day, according to the calculations of the OPEC Secretariat, the executive organ of the Organisation of the Petroleum Exporting Countries (OPEC).
The new OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Oriente (Ecuador), Iran Heavy (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).