OPEC Reference Basket
id:
opec-reference-basket-307-6896452
title:
OPEC Reference Basket
text:
The OPEC Reference Basket (ORB), also referred to as the OPEC Basket, is a weighted average of prices for petroleum blends produced by OPEC members. It is used as an important benchmark for crude oil prices. OPEC has often attempted to keep the price of the OPEC Basket between upper and lower limits, by increasing and decreasing production. This makes the measure important for market analysts. The OPEC Basket, including a mix of light and heavy crude oil products, is heavier than both Brent crud
brand slug:
wiki
category slug:
encyclopedia
description:
original url:
https://en.wikipedia.org/wiki/OPEC_Reference_Basket
date created:
date modified:
2023-04-15T04:34:04Z
main entity:
{"identifier":"Q1957779","url":"https://www.wikidata.org/entity/Q1957779"}
image:
{"content_url":"https://upload.wikimedia.org/wikipedia/commons/9/93/Oil_price_benchmarks.webp","width":4413,"height":1544}
fields total:
13
integrity:
14