OPEC's basket up 46 cents, reaching $43.69 per barrel
OPEC
Vienna - KUNA
The price of OPEC's crude basket rose by 46 cents on Friday, reaching USD 43.69 per barrel (pb), compared to USD 43.05 pb the day before, said OPEC on Monday.
Meanwhile, the organization said that the annual rate for the basket's price of 2014 was USD 96.29 pb.
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 (Venez) During their recent annual meeting, OPEC oil ministers decided to maintain the cartel's production level at 30 million barrels per day.
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