The price of OPEC basket of twelve crudes stood at US$105.16 a barrel on Thursday, compared with US$105.49 the previous day, calculations by the OPEC Secretariat, the executive organ of the Organisation of the Petroleum Exporting Countries (OPEC), on Friday showed.
The new OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Oriente (Ecuador), Iran Heavy (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 : WAM News Agency for United Arab Emirates
