High oil prices
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Shafaq News / Prices of OPEC’s basket of oil rose, on Tuesday, to $ 62, affected by the rise in other oil materials.
OPEC stated in a report seen by Shafaq News; The price of OPEC’s basket of thirteen barrels of crude rose by 70 cents to reach 62 dollars, compared to the previous day, which reached 61.30 dollars.
Some experts attributed the rise in OPEC prices as a result of being affected by other raw materials, which were also affected by the reduction in OPEC production and the halt in production of oil fields in America after the cold and frost wave swept across the US state of Texas, where most of America’s crude oil production is located.
The Organization of the Petroleum Exporting Countries (OPEC) reference basket consists of the following: Sahara Blend (Algeria), Girasole (Angola), Djeno (Congo), Zafiro (Equatorial Guinea), Spring Light (Gabon), Heavy Iran (Islamic Republic of Iran) Iran ), Basra Light (Iraq), Kuwait Export (Kuwait), S Sidr (Libya), Bonny Light (Nigeria), Arab Light (Saudi Arabia), Murban (United Arab Emirates), and Miri (Venezuela).