OPEC daily basket price closes at two-year low
September 13
2:49 2014
Vienna: The basket of 12 crude oils of the Organisation of Petroleum Exporting Countries (OPEC) slid to $95.35 a barrel Thursday, compared to $95.93 a barrel Wednesday, the OPEC Secretariat said.
It was the lowest closing price since July 2012.
The new OPEC reference basket comprises 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 (United Arab Emirates) and Merey (Venezuela). A barrel equals 159 litres.
