OPEC oil price decreases

The OPEC Reference Basket (ORB) is made up of the following oil brands: Saharan Blend (Algeria), Girassol (Angola), Oriente (Ecuador), Rabi Light (Gabon), Minas (Indonesia), Iran Heavy (Islamic Republic of Iran), Basra Light (Iraq), Kuwait Export (Kuwait), Es Sider (Libya), Bonny Light (Nigeria), Qatar Marine (Qatar), Arab Light (Saudi Arabia), Murban (UAE) and Merey (Venezuela).

The price for November futures of the North Sea Brent oil mix decreased by 1.15 percent to $48.15 per barrel, while the price for October futures of WTI oil decreased to $45.88 per barrel as of 17:03 (GMT+4 hours) Aug. 31