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Crude basket price "OPEC" rise up to 70 cents
10/13/15
Agencies - Organization of Petroleum Exporting Countries, OPEC announced on Monday, that the price of a basket of 12 crudes rose on Friday by 70 cents to settle at US $ 8 t 48 a barrel, compared to 1.48 dollars a barrel on Thursday.
The news agency said OPEC bulletin monthly average price of crude for the month of September, the basket has reached 83.44 dollars either for the month of August, reaching 46.45 dollars a barrel, which indicates that the basket price reached since the beginning of this year until the end of last week, 35.46 dollars a barrel, he said the bulletin OPEC news agency reported that the annual rate for the basket price last year was 29. 96 dollars a barrel.
It includes OPEC basket, which is a reference in the level of production of 12 policy of some sort, a raw Sahara Algerian heavy Iranian and Iraqi Albesarh ore Kuwaiti export crude Libyan Seder and Bonny Nigerian crude maritime country of Saudi Arabian light crude ore bitters and raw Venezuelan Girassol Angolan and Orient Ecuadorian.
UIC organization expects increase in global oil demand in the second half of 2015 and 2016 with high pumping oil from non-member states in the organization and about 700 000 barrels per day.
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