OPEC basket of thirteen crudes stood at $75.89 a barrel

London, 19 June, 2023, (Oilandgaspress) : The Iraqi government has invited companies to bid for 11 exploration blocks with natural gas reserves as part of a push to boost its self-sufficiency in the hydrocarbon. According to a statement by the Oil Ministry, eight of the blocks are located in the western part of the country, one is in northern Iraq, and two are in central Iraq. All of these are new areas of oil and gas exploration, Reuters noted in a report.

Oil and Gas BlendsUnitsOil Price $change
Crude Oil (WTI)USD/bbl$70.84Down
Crude Oil (Brent)USD/bbl$75.71Down
Bonny LightUSD/bbl$75.29Up
Saharan BlendUSD/bbl$75.71Up
Natural GasUSD/MMBtu$2.58Up
OPEC basket 16/06/23USD/bbl$75.89Up
At press time 19 June 2023

Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), Zafiro (Equatorial Guinea), Rabi Light (Gabon), Iran Heavy (Islamic Republic of Iran), Basra Medium (Iraq), Kuwait Export (Kuwait), Es Sider (Libya), Bonny Light (Nigeria), Arab Light (Saudi Arabia), Murban (UAE) and Merey (Venezuela).