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 price decreased June 1.
The price for August futures of the North Sea Brent oil mix decreased by 0.94 percent - to $49.42 per barrel, while the price of July futures for WTI oil decreased by 0.9 percent - to $48.67 per barrel June 1.
OPEC oil price goes up
01 June 2016
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OPEC oil basket`s price stood at $45.15 per barrel on May 31, or $0.35 more than on May 30, the cartel told on June 1.
