OPEC daily basket price stands at 23.48 USD per barrel

MG News | April 07, 2020 at 02:32 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

Apr 07, 2020: The Organization of the Petroleum Exporting Countries (OPEC) daily basket price stood at 23.48 U.S. dollars a barrel on Monday, compared with 23.01 dollars on Friday, according to OPEC Secretariat calculations released Tuesday.

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.

XINHUA/APP

Related News

Name	Price/Vol	%Chg/NChg
KSE100	180,392.98 610.92M	1.89% 3353.15
ALLSHR	108,164.81 1,218.64M	1.62% 1725.65
KSE30	53,921.42 273.38M	1.95% 1030.99
KMI30	256,900.46 245.46M	1.35% 3425.80
KMIALLSHR	69,949.43 735.02M	1.15% 794.76
BKTi	49,914.69 75.35M	3.58% 1722.97
OGTi	36,322.92 15.57M	1.25% 446.83

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	66,390.00	67,010.00 65,690.00	-185.00 -0.28%
BRENT CRUDE	80.74	83.80 80.74	-2.43 -2.92%
RICHARDS BAY COAL MONTHLY	123.00	0.00 0.00	5.25 4.46%
ROTTERDAM COAL MONTHLY	125.05	125.05 125.00	-0.90 -0.71%
USD RBD PALM OLEIN	1,157.50	1,157.50 1,157.50	0.00 0.00%
CRUDE OIL - WTI	78.33	81.58 78.14	-2.42 -3.00%
SUGAR #11 WORLD	14.09	14.20 14.05	-0.10 -0.70%