OPEC oil price down to 31.49 USD pb
(MENAFN- Kuwait News Agency (KUNA)) VIENNA Dec 18 (KUNA) -- The crude basket price went down 79 cents Thursday and stood at USD 31.49 per barrel compared with USD 32.28 pb the previous day the OPEC said on Friday.The yearly average for the basket last year was USD 96.29 per barrel it said.The 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).During their recent meeting in Vienna OPEC member countries had decided to maintain their production at 30 million barrels per day (bpd) despite a surplus in the market estimated at over a million barrels. (end) amq.gta
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