Featured Gas Oil

OPEC daily basket price stands at $14.63 per barrel

The Organisation of the Petroleum Exporting Countries (OPEC) daily basket price stood at 14.63 U.S. dollars a barrel on Tuesday, compared with 14.19 dollars on Monday.

This is according to OPEC Secretariat calculations released on Wednesday.

Also known as the OPEC reference basket of crude oil (ORB), the OPEC basket is a weighted average of oil prices from different OPEC members around the world, and is used as an important benchmark for crude oil prices.

It currently averages the oil prices of 13 countries, namely Algeria, Angola, the Republic of the Congo, Equatorial Guinea, Gabon, Iran, Iraq, Kuwait, Libya, Nigeria, Saudi Arabia, the United Arab Emirates, and Venezuela.

Related posts

Adeleke takes oat of office, promises inclusive governance

Editor

Stop postal reform bill, courier operators tell FG

Our Reporter

Apathy as INEC conducts supplementary elections in Imo

Editor

2019: Alhassan, former women affairs minister, picks UDP governorship nomination form

Editor

State govts, public institutions involved in COVID-19 fraud under investigation — ICPC

Our Reporter

NCAA moves to tackle shortage of safety inspector

Editor