Market

OPEC basket price at USD 60.06 pb

VIENNA, OPEC daily basket price went up 52 cents last Friday to stand at USD 60.06 per barrel (pb) compared to USD 59.54 pb last Thursday, the oil organization said Monday.

On its daily bulletin, OPEC said the annual average price of its crude basket was USD 52.43 pb.

The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), Oriente (Ecuador), Zafiro (Equatorial Guinea), Rabi Light (Gabon), Iran Heavy (Islamic Republic of Iran), Basra Light (Iraq), Kuwait Export (Kuwait), Es Sider (Libya), Bonny Light (Nigeria), Arab Light (Saudi Arabia), Murban (UAE) and Merey (Venezuela).

Source: Kuwait News Agency