The OPEC Reference Basket (ORB) is made up of the following oil brands: Saharan Blend (Algeria), Girassol (Angola), Oriente (Ecuador), Rabi Light (Gabon), 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 on global markets show poor growth on Aug. 3.
The price for October futures of the North Sea Brent oil mix increased by 0.1 percent to $41.84 per barrel, while the price for September futures of WTI oil increased by 0.25 percent to $39.61 per barrel as of 12:02 (GMT+4 hours) Aug. 3.
OPEC oil price decreases
03 August 2016
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OPEC oil basket’s price stood at $38.29 per barrel on Aug. 2, or $0.81 less than on Aug. 1, the cartel told Trend Aug. 3.
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