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 are down on global markets on June 14.
The price for August futures of the North Sea Brent oil mix decreased by 0.79 percent - to $49.95 per barrel, while the price for July futures of the WTI oil decreased by 0.9 percent - to $48.44 per barrel on June 14.
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