OPEC daily basket price stood at USD 95.30 a barrel on Tuesday, compared with USD 94.68 the previous day, the OPEC said on Wednesday.
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 (Venez).
During a recent meeting, OPEC oil ministers had decided to keep the current output ceiling of three million barrels unchanged in order to maintain a stable global oil market.