Title English:
OPEC Reference Basket
Acronym English:
ORB
Definition English:
The OPEC Reference Basket (ORB), also referred to as the OPEC Basket is a weighted average of prices for petroleum blends produced by OPEC countries. It is used as an important benchmark for crude oil prices. On 15 June 2005, the OPEC basket was changed to reflect the characteristics of the oil produced by OPEC members.
Title Arabic:
سلة الأوبك المرجعية
المجال الأحصائي:
Economic Development
الموضوع:
Economic Statistics
InformationType:
Term
SourceSymbol:
E/ESCWA/EDGD/2011/2
Link: