OPEC basket price up to USD 62.41 pb

OPEC daily basket price went up 32 cents to stand at USD 62.41 a barrel last Friday, compared with USD 62.09 last Thursday, the organization said in its bulletin Monday.

The average monthly rate of the OPEC basket price hit USD 66.85 a barrel in January, compared with USD 62.06 pb in December, it said in a press release.

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