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OPEC basket records more than $116
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Economy News _ Baghdad
The prices of the OPEC basket of oil rose, today, Thursday, to record more than 116 dollars per barrel.
And the Organization of the Petroleum Exporting Countries stated in a report seen by "Economy News", that "the price of the OPEC basket of thirteen barrels of crude recorded 116.94 dollars per barrel," noting that "the price rose from the previous day by 2.34 dollars, after it recorded 114.60 dollars."
Yesterday, Wednesday, oil prices rose significantly after America's attempt to persuade the European Union to dispense with Russian oil and gas, and also after the disruption of Russian and Kazakh crude exports through the CPC pipeline, which coincided with tight supply and high demand.
The Organization of Petroleum Exporting Countries (OPEC) reference basket consists of the following: Sahara Blend (Algeria), Girasole (Angola), Djeno (Congo), Zafiro (Equatorial Guinea), Rabie Lite (Gabon), Heavy Iran (Islamic Republic of Iran) Basra Al Khafeef (Iraq), Kuwait Export (Kuwait), Es Sidr (Libya), Pune Light (Nigeria), Arab Light (Saudi Arabia), Murban (UAE) and Miri (Venezuela).
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