OPEC price down to $108.14 pb

OPEC's daily basket price stood at by USD 108.14 a barrel on Monday, compared with USD 109.24 pb last Friday; down by USD 1.10, the cartel's bulletin said Tuesday. OPECNA, the news bulletin of OPEC (Organization of Petroleum Exporting Countries), said in a statement on that the average annual price of OPEC's 12-crude basket, of the past year, stood at USD 107.46 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 (Venezuela).