(MENAFN- Kuwait News Agency (KUNA)) The price of OPEC Reference Basket of Crudes (ORB) went up USD 1.11 on Thursday to USD 108.03 pb on a daily basis, the global oil cartel said in its daily bulletin on Friday.
The average annual prices for last year stood at USD 107.46 pb, it noted.
The new ORB is made up of 12 crudes, namely 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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