The reference basket comprises 12 crudes: Algeria's Saharan Blend, Angola's Girassol, Iran Heavy, Iraq's Basra Light, Kuwait Export, Es Sider from Libya, Nigeria's Bonny Light, Qatar Marine, Saudi Arabia's Arab Light, Murban from the UAE, Venezuela's Merey and Oriente from Ecuador.
May 31, 2012 5:40
OPEC secretary general post comes up in 2013; Ecuador nominates candidate, Iran plans to do so; Tight OPEC meeting agenda gives little time for talks
May 31, 2012 11:33
The move was expected as Qatar has been supplying both grades to customers at full contracted volumes since 2009.
May 30, 2012 1:30
Saudi Arabia keeps oil output high despite price drop; No further drop observed in Iranian exports; Libya, Iraq output drop highlights sustainability concerns; OPEC output almost 2 million bpd above official target
May 30, 2012 12:53