VIENNA, The OPEC basket went up 40 cents to 71.88 per barrel (pb) on Monday as opposed to USD 70.48 pb the day before, said the bulletin for the international organization on Tuesday.
Annual price of the OPEC basket in 2020 was at USD 41.47 pb.
The OPEC+ member states are scheduled to hold a ministerial meeting on September 1 to reassess the market status with respect of demand, supplies and prices.
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