OPEC basket stable at USD 66.83 a barrel

The price of OPEC basket of fourteen crudes stood at USD 66.83 a barrel, compared with USD 66.28 the previous day, according to OPEC bulletin.

OPEC said on its daily bulletin on Friday that last year average price for the basket, for the same period, was USD 52.43 per barrel.

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