The Organisation of Petroleum Exporting Countries (OPEC) daily basket price down at USD 94.44 per barrel (pb) compared with USD 95.19 last THursday, OPEC bulletin said Monday.
The annual average of OPEC basket last year was USD 105.85.
The new OPEC Reference Basket of Crudes (ORB) is made up of 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).