OPEC basket price at USD 62.23 pb

The OPEC daily basket price went down by 17 cents to USD 62.23 per barrel on Friday, compared with USD 63.97 pb the previous day, OPEC said Friday.

OPEC indicated that the annual average for its basket was at USD 52.43 per barrel last year.

The OPEC 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), Es Sider (Libya), Bonny Light (Nigeria), Qatar Marine (Qatar), Arab Light (Saudi Arabia), Murban (UAE) and Merey (Venezuela).

Source: Kuwait News Agency