Business

OPEC crude basket closes a little lower

December 31, 2013 05:44 PM

Vienna, Dec 31



The basket of 12 crude oils of the Organisation of Petroleum Exporting Countries (OPEC) stood at $108.57 a barrel Monday, compared to $109.35 last Friday, according to the OPEC Secretariat.

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 is equal to 159 litres.


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