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Shafaq News/ The prices of the OPEC oil basket recorded, on Wednesday, more than 114 dollars per barrel.
The organization stated in a report seen by Shafak News Agency, that "the price of the OPEC basket of thirteen barrels of crude recorded 114.60 dollars per barrel, as the price rose from the previous day by 79 cents, after recording 113.81 dollars."
Global oil prices rose significantly as a result of the war in Ukraine and the discussions currently taking place in Europe about the possibility of imposing an embargo on Russia, which coincided with the scarcity of supply and high demand.
The OPEC reference basket consists of the following: Sahara Mix - Algeria, Girasole - Angola, Djino - Congo, Zafiro - Equatorial Guinea, Rabi' Light - Gabon, Iran Heavy - Islamic Republic of Iran, Basra Al Khafif - Iraq, Kuwait Export - Kuwait, Es Sidr - Libya, Pune Light - Nigeria, Arab Light - Saudi Arabia, Murban - United Arab Emirates, Miri - Venezuela.
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OPEC basket records above $114 a barrel
Shafaq News/ The prices of the OPEC oil basket recorded, on Wednesday, more than 114 dollars per barrel.
The organization stated in a report seen by Shafak News Agency, that "the price of the OPEC basket of thirteen barrels of crude recorded 114.60 dollars per barrel, as the price rose from the previous day by 79 cents, after recording 113.81 dollars."
Global oil prices rose significantly as a result of the war in Ukraine and the discussions currently taking place in Europe about the possibility of imposing an embargo on Russia, which coincided with the scarcity of supply and high demand.
The OPEC reference basket consists of the following: Sahara Mix - Algeria, Girasole - Angola, Djino - Congo, Zafiro - Equatorial Guinea, Rabi' Light - Gabon, Iran Heavy - Islamic Republic of Iran, Basra Al Khafif - Iraq, Kuwait Export - Kuwait, Es Sidr - Libya, Pune Light - Nigeria, Arab Light - Saudi Arabia, Murban - United Arab Emirates, Miri - Venezuela.
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