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OPEC Basket Price Stands at $75.89bpd
– By Chigozie Ikpo

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OPEC Basket Price Stands at $75.89bpd

The price of OPEC basket of 13 crudes stood at $75.89 a barrel on Friday, June 16, 2023, compared with $74.20 the previous day, according to OPEC Secretariat calculations.

The OPEC Reference Basket of Crudes, ORB, 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), Basrah Medium (Iraq), Kuwait Export (Kuwait), Es Sider (Libya), Bonny Light (Nigeria), Arab Light (Saudi Arabia), Murban (UAE) and Merey (Venezuela)

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