OPEC oil price now $123.21 per barrel

The price of the Organisation of the Petroleum Exporting Countries (OPEC) basket of 13 crude oil samples stood at $123.21 per barrel Thursday.
This is compared to $121.54 per barrel recorded on Wednesday.
This is according to the OPEC Secretariat calculations obtained on Friday.
The OPEC Reference Basket of Crudes (ORB) is made up of the Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), Zafiro (Equatorial Guinea), Rabi Light (Gabon) and Iran Heavy (Islamic Republic of Iran).
Others are Basra Light (Iraq), Kuwait Export (Kuwait), Es Sider (Libya), Bonny Light (Nigeria), Arab Light (Saudi Arabia), Murban (UAE) and Merey (Venezuela).
(NAN)
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette

Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”

States
Youths shun Edo LG polls to play football in Benin
The youth mounted goalposts and played football in sets.

States
Police arrest five suspected cultists, recover weapons in Lagos
The police said the suspects were allegedly involved in terrorising residents of the Apapa, Ijora and Badia areas of the state.

States
Obi charges Tinubu, govs to strengthen security, says no child should suffer kidnapping
Mr Obi called for sustained efforts to build a country where children could pursue their education free from threats of violence and abduction.

States
Police arrest 33-year-old for staging self-kidnap in Ondo
Detectives arrested Mr Sikiru on July 7, 2026, and discovered that he had allegedly orchestrated his own kidnapping.

World
South Africa’s Jayden Adams dies shortly after returning from World Cup
Adams played three matches at the World Cup in North America as South Africa reached the knockout round.

NationWide
IPI Nigeria secures release of journalist detained over drone possession
IPI Nigeria president Musikilu Mojeed welcomed Ms Sodiq’s release and commended the SSS for its engagement with the institute.





