OPEC basket price down 45 cents to USD 71.43 pb

VIENNA, The OPEC basket of crudes fell USD 45 cents per barrel (pb) during Tuesday’s trading sessions to close at USD 71.43 pb compared with USD 71.29 pb Monday, the organization said on Wednesday.

Annual price of the OPEC basket in 2020 was at USD 41.47 pb.

The OPEC basket consists of Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), 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

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