Business & Finance

OPEC basket price up to USD 58.71 pb

VIENNA, OPEC daily basket price came up six cents to stand at USD 58.71 per barrel (pb) on Thursday compared to USD 58.65 pb the day before, the oil organization said Friday.

On its daily bulletin, OPEC said the annual average price of its crude bakset 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 Heacy (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