OPEC oil price goes up | Lao Tribune

OPEC oil price goes up

OPEC oil basket’s price stood at $35.48 per barrel on March 28, or $0.52 more than on March 25, the cartel told Trend March 29.

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 down on March 29 due to the fears on the continuing oversupply of offers in the market.

Source: Trend