Bank Of Baku

OPEC crudes down to new minimum

OPEC crudes down to new minimum
# 11 August 2011 13:38 (UTC +04:00)
Baku – APA-Economics. As of August 10, 2011, the price of the 12-crudes basket of the Organization of Petroleum Exporting Countries (OPEC) plunged USD 0.33 to USD 101.20 per barrel (pb), down from 21 February’s performance.

Note that, Kuwaiti crude is one in a basket of 12 crudes produced by OPEC members, along with Saharan Blend (Algeria), Girassol (Angola), Oriente (Ecuador), Iran Heavy (Islamic Republic of Iran), Basra Light (Iraq), Es Sider (Libya), Bonny Light (Nigeria), Qatar Marine (Qatar), Arab Light (Saudi Arabia), Murban (UAE), and Merey (Venezuela).
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