By Teddy Nwanunobi
The Organisation of the Petroleum Exporting Countries (OPEC), on Tuesday, said that its price of a basket of 13 crudes stood at $63.22 a barrel on Monday.
The above price is compared with $63.63 the previous Friday, according to OPEC Secretariat calculations.
Valuechain reports that the OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), Zafiro (Equatorial Guinea), Rabi Light (Gabon), Iran Heavy (Islamic Republic of Iran), Basra Light (Iraq), Kuwait Export (Kuwait), Es Sider (Libya), Bonny Light (Nigeria), Arab Light (Saudi Arabia), Murban (UAE) and Merey (Venezuela).
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