The OPEC Reference Basket (ORB) is made up of the following oil brands: Saharan Blend (Algeria), Girassol (Angola), Oriente (Ecuador), Minas (Indonesia), Iran Heavy (Islamic Republic of Iran), Basra Light (Iraq), Kuwait Export (Kuwait), Es Sider (Libya), Bonny Light (Nigeria), Qatar Marine (Qatar), Arab Light (Saudi Arabia), Murban (UAE) and Merey (Venezuela).
The global oil prices decreased April 14 amid the US Department of Energy`s report on the growth of weekly stocks in the country.
The price for June futures of the North Sea Brent oil mix decreased by 1.74 percent - up to $43.41 per barrel, while the price of May futures for WTI decreased by 1.99 percent - up to $40.93 per barrel as of Apr. 14 at 11:26 (UTC/GMT +4 hours).
OPEC oil price increases
14 April 2016
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OPEC oil basket`s price stood at $38.91 per barrel on Apr. 13, or $0.29 more than on Apr. 12, the cartel told on Apr. 14.
