OPEC oil price decreases | Lao Tribune

OPEC oil price decreases

OPEC oil basket’s price stood at $44.32 per barrel on June 27, or $0.56 less than on June 24, the cartel told Trend June 28.

The OPEC Reference Basket (ORB) is made up of the following oil brands: Saharan Blend (Algeria), Girassol (Angola), Oriente (Ecuador), Minas (Indonesia), Iran Heavy (Islamic Republic of Iran), Basra Light (Iraq), Kuwait Export (Kuwait), Es Sider (Libya), Bonny Light (Nigeria), Qatar Marine (Qatar), Arab Light (Saudi Arabia), Murban (UAE) and Merey (Venezuela).

Global oil prices increase on June 28 against the background of the impending strike in Norway that can reduce the output of raw materials of the Western Europe’s largest producer.

Source: Trend