OPEC Daily Basket Price Close At $114.67/b

The price of OPEC basket of twelve crudes stood at 114.67 dollars a barrel on Thursday, compared with $114.94 the previous day, according to OPEC Secretariat calculations.

The new OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Oriente (Ecuador), 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).

Other Crude News: Latest Parker Drilling reaches N2.5bn settlement over Nigerian bribery charges. Why excess crude is not designated in dollars - CBNEni records 7% increase in fourth quarter oil output. Precision off the mark as rig work drops. Oil rises with US gasoline supply concerns. Shale oil to boost world’s crude supply by 12% in 2035. JTF adheres to court ruling, releases arrested vessel in Rivers. OPEC daily basket price close at $114.67/b.

NUPENG, PENGASSAN call off plans to shut down oil operations. Financial market update. Other NewsParker Drilling reaches N2.5bn settlement over Nigerian bribery charges. University of Houston to develop energy initiative. Dickson sign bill on death sentence to kidnappers into law in Bayelsa. PIB: Southern senators to engage consultants. Ex-Gazprom CEO, Vyakhirev, dies at 78OTC names 2013 distinguished achievement award recipients. Uncertainty mars Nigeria’s oil, gas.

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