Young national representatives from OPEC member countries will be tested on their knowledge of OPEC and the international oil industry at a quiz competition to be held at the Organization's new Headquarters at the end of June. The event, to be hosted on June 30, 2010 by OPEC Secretary General, Abdalla Salem El-Badri, forms part of the organization's 50th anniversary celebrations and will be broadcast live on the OPEC website. It will see students between the ages of 15 and 18 competing against one another for three top prizes. The contestants, one each from Ecuador, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia and Venezuela will travel to the Austrian capital after successfully competing in and winning their Country's qualifying competitions. At the grand final, competitors will be tested over three rounds. The first will be on OPEC, while the second will carry questions on Member Countries. The top four from these rounds will then compete in the final round, which will be on the international oil industry in general. Meanwhile, in New York, benchmark crude was up for the week, rising 39 cents to settle at $77.18 a barrel. Oil settled Monday at $75.12 a barrel. In London, Brent crude was down 46 cents to settle at $78.22 on the ICE futures exchange.
