(MENAFN- Kuwait News Agency (KUNA)) Price of OPEC basket of twelve crudes stood at 114.44 dollars a barrel on Friday, compared with USD 113.67 the previous day, OPEC said Monday.
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).
The OPEC reports indicate average basket price for January had reached USD 109.28 compared to December's USD 106.55 per barrel.
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