OPEC basket price down to USD 33.25 pb

VIENNA The OPEC daily basket price went down USD 2.29 a barrel Thursday to settle at USD 33.25 pb, compared with USD 35.54 pb the day before, the organization said Friday.

The annual average of the OPEC basket price hit USD 52.43 pb last year, it said in its daily bulletin.

The OPEC Reference Basket of Crudes (ORB) is made up of 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