Vienna, Dec 4 (IANS/WAM): The basket of 12 crude oils of the Organisation of Petroleum Exporting Countries (OPEC) closed at $67.31 a barrel Wednesday, compared to $68.13 Tuesday, the OPEC Secretariat said.
The new OPEC reference basket comprises Saharan Blend (Algeria), Girassol (Angola), Oriente (Ecuador), Iran Heavy (Iran), Basra Light (Iraq), Kuwait Export (Kuwait), Es Sider (Libya), Bonny Light (Nigeria), Qatar Marine (Qatar), Arab Light (Saudi Arabia), Murban (United Arab Emirates) and Merey (Venezuela). A barrel equals 159 litres.
The 166th Conference of the OPEC in Vienna, Austria, decided Nov 27 to maintain the group's collective output target at 30 million barrels a day, as was agreed in December 2011.