OPEC daily basket price stood at USD 43.88 a barrel yesterday (Thursday), compared with USD 44.08 the previous day, a statement by the cartel said Friday.
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).
In their annual meeting last November 27, 2014, OPEC oil ministers had agreed to leave production at a level of 30 million barrels a day.