INSEAD Day 4 - 728x90

Economy, Energy

Samsung biggest chip investor

The tech giant invested nearly $59.2bn in 2025.

flynas to set up new hub

Five destinations in first phase of operations.

AD Ports Group acquires CLI

CLI is Brazilian agri-bulk terminal operator.

$1.59bn Makkah project awarded

A consortium will develop two districts in the Holy City.

2PointZero posts profit surge

Growth driven by merger consolidation.

OPEC daily basket price stands at $70.75 a barrel

OPEC+ members agree to cut oil production for the first time in a year. (AFP)
By TRENDS Desk AFP
August 28, 2021 3:56 pm
  • The price of the basket was $70.59 on August 25
  • The OPEC Reference Basket of Crudes (ORB) is made up of oil producing countries

The price of the OPEC basket of thirteen crudes stood at $70.75 a barrel on August 26, compared with $70.59 the previous day, according to OPEC Secretariat calculations.

The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), Zafiro (Equatorial Guinea), Rabi Light (Gabon), Iran Heavy (Iran), Basra Light (Iraq), Kuwait Export (Kuwait), Es Sider (Libya), Bonny Light (Nigeria), Arab Light (Saudi Arabia), Murban (UAE) and Merey (Venezuela).

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INSEAD Day 4- 300x600
INSEAD Day 4- 300x600
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