OPEC basket price up to USD 74.17 bp
(MENAFN – Kuwait News Agency (KUNA)) VIENNA, Sept 17 (KUNA) – The price of the OPEC basket rose 39 cents to 74.17 per barrel (bp) on Thursday from $ 73.78 per barrel standby, said the organization. Friday.
The annual average of the OPEC basket in 2020 was $ 41.47 per barrel, he said in his bulletin.
Last week, OPEC Plus decided to continue increasing oil production, as it was agreed to continue increasing supplies by around 400,000 barrels per day next October.
The OPEC basket consists of Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), Zafiro (Equatorial Guinea), Rabi Light (Gabon), Iran Heavy (Islamic Republic of Iran), Basra Light ( Iraq), Kuwait Export (Kuwait), Es Sider (Libya), Bonny Light (Nigeria), Arab Light (Saudi Arabia), Murban (UAE) and Merey (Venezuela). (to finish)
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