Arab Today, arab today opec crude basket price down 16
Last Updated : GMT 23:12:04
Arab Today, arab today
Arab Today, arab today

OPEC crude basket price down 16%

Arab Today, arab today

Arab Today, arab today OPEC crude basket price down 16%

Vienna - KUNA

OPEC\'s daily basket price was down 16 cents on Thursday and stood at USD 105.69 a barrel compared with USD 105.85 pb the previous day, Organization of Petroleum Exporting Countries (OPEC) said on Friday.  The OPEC bulletin estimates that average basket price for last year at USD 109.45 per barrel.  The new OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Oriente (Ecuador), Iran Heavy (Islamic Republic of Iran), Basra Light (Iraq), Kuwait Export (Kuwait), Es Sider (Libya), Bonny Light (Nigeria), Qatar Marine (Qatar), Arab Light (Saudi Arabia), Murban (UAE) and Merey (Venezual).

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