OPEC price basket of 12 crudes stood at $79.39 a barrel on Thursday, January 18, 2024, compared with $78.38 the previous day, according to OPEC Secretariat calculations.
The OPEC Reference Basket of Crudes, ORB, is made up of the following: Saharan Blend (Algeria), Djeno (Congo), Zafiro (Equatorial Guinea), Rabi Light (Gabon), Iran Heavy (Islamic Republic of Iran), Basrah Medium (Iraq), Kuwait Export (Kuwait), Es Sider (Libya), Bonny Light (Nigeria), Arab Light (Saudi Arabia), Murban (UAE) and Merey (Venezuela).
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