OPEC basket price down to USD 61.58 pb

The OPEC daily basket price went down 60 cents to USD 61.58 per barrel last Friday, compared with USD 63.97 pb the previous day, OPEC said Monday.

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