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).
Oil prices have slightly increased after the recent decline.
As of 11:11 (GMT+4) on Apr. 22, the price for June futures of the North Sea Brent oil mix increased by 0.9 percent to $44.93 per barrel, while the price for May futures of the WTI oil increased by 1.11 percent to $43.66 per barrel.
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