OPEC basket down 76 cents, settles at USD 44.34 pb


(MENAFN- Kuwait News Agency (KUNA)) OPEC daily basket price stood at USD 44.34 a barrel Friday compared with USD 45.10 the previous day, said the Organization's bulletin Monday.

The bulletin added that the July price for the basket was at USD 54.19 per barrel while the price in August USD 45.46 pb. Last week's price was at USD 45.36 pb.

OPEC's average in 2014 was at USD 96.29 pb.

The new OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Oriente (Ecuador), 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).


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