Market

OPEC price went down to USD 69.60 pb

VIENNA, OPEC daily basket price stood at USD 69.60 a barrel Wednesday compared with USD 69.62 the previous day, said a statement Thursday.

OPEC’s annual price in 2019 was at USD 64.04 per barrel.

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