Economy, Energy

Air Arabia profit falls

Revenue rises despite regional cost pressures

FAB plans $4.08bn rights issue

UAE’s largest bank seeks capital for growth.

flydubai launches new flights

Riga, Salzburg, Vilnius flights begin from Dec

ADNOC Gas Q3 profit $1.34bn

Stronger earnings support higher full-year outlook

Agthia 9M profit nearly triples

Third-quarter revenue increased 14.4 percent.

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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