OPEC Daily Basket Price Now $113.39 Per Barrel

OPEC’s Oil Production Rises But Still Well Below OPEC+ Target

The price of the Organisation of the Petroleum Exporting Countries (OPEC) basket of 13 crude oil samples stood at 113.39 dollars per barrel as at Monday, March 28.

This is compared with 115.99 dollars per barrel of the previous Friday, according to OPEC Secretariat calculations obtained by the News Agency of Nigeria (NAN), Abuja as released by OPEC on Tuesday.

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The OPEC Reference Basket of Crudes (ORB) is made up of the Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), Bonny Light (Nigeria) and Zafiro (Equatorial Guinea).

Others are Rabi Light (Gabon), Iran Heavy (Islamic Republic of Iran), Basra Light (Iraq), Kuwait Export (Kuwait), Es Sider (Libya), Arab Light (Saudi Arabia), Murban (UAE) and Merey (Venezuela).
(NAN) (nannews.ng)

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