The price of OPEC's basket of fourteen crudes stood at US$49.41 a barrel on Wednesday, compared with $49.51 the previous day, according to OPEC Secretariat calculations.

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

In addition to the normal weekend, the OPEC Secretariat will be closed on Friday and Monday, 1st and 4th September 2017 respectively.