Market

OPEC price stands at USD 72.01 pb

Price of OPEC’s 14-crude basket went up 16 cents to reach USD 72.01 per barrel (pb) on Tuesday, compared with USD 71.85 pb on Monday, the organization news bulletin said on Wednesday.

The annual rate for OPEC basket was USD 52.43 pb, noted the bulletin.

OPEC’s Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Oriente (Ecuador), Zafiro (Equatorial Guinea), Rabi Light (Gabon), Iran Heavy (Islamic Republic of Iran), Basra Light (Iraq), Kuwait Export (Kuwait),

Source: Kuwait News Agency