OPEC daily basket price closes lower

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Vienna, May 11 (IANS/WAM) The price of OPEC’s basket of 13 crudes slipped to $40.20 a barrel on Tuesday, compared to $40.76 on Monday, according to the OPEC Secretariat.

The OPEC Reference Basket of Crudes is made up of the following: Murban (UAE), 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) and Merey (Venezuela).

A barrel equals 159 litres.



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