Kuwait- OPEC oil price up 89 cents to USD 32.14 pb
Date
12/28/2015 6:58:45 AM
(MENAFN- Kuwait News Agency (KUNA)) VIENNA Dec 28 (KUNA) -- The crude basket price went up 89 cents last Thursday and stood at USD 32.14 per barrel compared with USD 31.25 pb last Wednesday the OPEC said on Monday.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) amg.tg
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